A bond with a face value of $10,000 (and no coupon payments) is always worth
a. $10,000
b. less than $10,000 before the maturity date
c. more than $10,000 if the interest rate is high enough
d. $10,000 on the date of purchase
e. $9,090.91 two years before the maturity date
B
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When all other influences on firms' hiring plans remain the same, the
A) lower the real wage rate, the greater is the quantity of labor supplied B) higher the real wage rate, the greater is the quantity of labor demanded. C) lower the real wage rate, the smaller is the quantity of labor demanded. D) lower the real wage rate, the greater is the quantity of labor demanded. E) None of the above answers is correct because firms' hiring decisions depend on how profitable hiring a worker is, which depends on how much added profit the worker can create.
In the long run, a monopolistically competitive firm will produce too little output to minimize average cost. Therefore, it will have
a. positive economic profit b. negative economic profit c. excess profit d. X-inefficiency e. excess capacity
Statistical discrimination
a. arises from employer prejudice b. arises from consumer prejudice c. does not involve prejudice by employers or consumers d. is illegal in the United States e. tends to reduce the profits of profit-maximizing firms
The compound growth rate formula is used to estimate how long it will take for a number to double for a given growth rate
a. True b. False Indicate whether the statement is true or false