Because short-term interest rates are much more volatile than long-term rates, you would, in the real world, generally be subject to much more price risk if you purchased a 30-day bond than if you bought a 30-year bond.
Answer the following statement true (T) or false (F)
False
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Which of the following items will not be disclosed on a statement of stockholders' equity?
a. Net income b. Issuance of common stock for cash c. Extraordinary gains and losses d. Issuance of common stock in exchange for noncash assets
On January 2, 20X2, Piranha Company acquired 70 percent of Salmon Corporation's common stock for $420,000 cash. At the acquisition date, the book values and fair values of Salmon' assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 30 percent of the total book value of Salmon. The stockholders' equity accounts of the two companies at the acquisition date are as follows: Piranha Salmon Common Stock ($10 par value)$600,000 $350,000 Additional Paid-In Capital 450,000 50,000 Retained Earnings 250,000 200,000 Total Stockholders' Equity$1,300,000 $600,000 Noncontrolling interest was assigned income of $15,000 in Piranha's consolidated income statement for 20X2.Based on the preceding information, what is the total stockholders'
equity in the consolidated balance sheet as of January 2, 20X2? A. $1,900,000 B. $1,300,000 C. $1,120,000 D. $1,480,000
A random sample of 49 lunch customers was taken at a restaurant. The average amount of time these customers stayed in the restaurant was 45 minutes with a standard deviation of 14 minutes
a. Compute the standard error of the mean. b. With a .95 probability, what statement can be made about the size of the margin of error? c. Construct a 95% confidence interval for the true average amount of time customers spent in the restaurant. d. With a .95 probability, how large of a sample would have to be taken to provide a margin of error of 2.5 minutes or less?
Controls designed to restrict access and activities are called:
A) schemas. B) business rules. C) encryption controls. D) authorization rules.