Which of the following types of investors would be most likely to purchase zero coupon bonds?
A. Retired individuals seeking income for current consumption
B. Individuals in high tax brackets
C. Tax-free institutional investors such as pension funds
D. Risk-averse individuals anticipating increases in interest rates
E. Individuals with no interest income
Answer: C
You might also like to view...
Niche marketing offers smaller companies an opportunity to compete by focusing their limited resources on serving niches that may be unimportant to or overlooked by larger companies
Indicate whether the statement is true or false
When Tool Trade, an American company, uses qualified Brazilian manufacturers to produce many of the products it sells to retailers in South America, Tool Trade is using contract manufacturing
Indicate whether the statement is true or false
A devotes full time and B devotes one-half time to their partnership. If the partnership agreement is silent concerning the division of net income, A will receive a $20,000 share of a net income of $30,000
Indicate whether the statement is true or false
Logistics is a function of channel intermediaries.
Answer the following statement true (T) or false (F)