The macroeconomic component of a firm's business architecture includes all of the following elements EXCEPT:
a. economic growth projections, inflation, and taxes.
b. industry characteristics.
c. legal environment.
d. macroeconomic risk factors.
B
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Decision making and problem solving are interrelated
Indicate whether the statement is true or false
Odell, an accountant, prepares for Pronto Tacos Corporation a financial statement that omits a material fact. The financial statement is included in Pronto Tacos's registration statement, which Qiana reads. Qiana buys Pronto Tacos stock. Under Section 11 of the Securities Act of 1933, for Odellto be liable for the omission, Qiana must show that she
a. relied on the omission. b. suffered a loss on the stock. c. knew about the omission before making her purchase. d. is a sophisticated investor.
Total carrying cost equals ________
A) the average carrying cost per item times the maximum level of inventory B) the average carrying cost per item times the minimum level of inventory C) the average carrying cost per item times the average level of inventory divided by 2 D) the average carrying cost per item times the average level of inventory
A portfolio manager owns $5 million par value of bond ABC. The bond is trading at 70 and has a modified duration of 6 . The portfolio manager is considering swapping out of bond ABC and into bond XYZ
The price of this bond is 85 and it has a modified duration of 3.5 . What is the dollar duration of bond ABC per 100-basis-point change in yield?