What is the annual interest rate earned on a deposit that grew from $250 to $502.84 over the last 5 years?
A) 15%
B) 13%
C) 11%
D) 9%
Answer: A
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A gift is given when the donor relinquishes control over the asset
Indicate whether the statement is true or false
XYZ Corporation, located in the United States, has an accounts payable obligation of ¥750 million payable in one year to a bank in Tokyo. The current spot rate is ¥116/$1.00 and the one year forward rate is ¥109/$1.00. The annual interest rate is 3 percent in Japan and 6 percent in the United States. XYZ can also buy a one-year call option on yen at the strike price of $0.0086 per yen for a premium of 0.012 cent per yen. The future dollar cost of meeting this obligation using the forward hedge is
A. $6,653,833. B. $6,450,000. C. $6,880,734. D. $6,545,400.
The owners of a start-up company are in the process of developing a corporate mission statement. Which of the following questions is LEAST likely to help them create an effective mission statement?
A) Should we emphasize financial stability to employees? B) What are the greatest threats to the success of the firm? C) Should we maximize profit and shareholders' dividends? D) What is upper management attempting to accomplish?
Which of the following is involved when an agency is referred to as a "captured" agency?
A. A belief that agency officials are unduly influenced by politicians in states most affected by the regulations issued by the agency. B. A belief that agency officials are unduly influenced by the desires of Congress. C. A belief that agency officials are unduly influenced by their political party. D. A belief that agency officials are unduly influenced by politicians in the state in which the agency is located. E. A belief that agency officials are unduly influenced by past ties to the industry regulated by the agency.