What is the effect of greater expected interest-rate volatility on the option-adjusted spread of a security?
What will be an ideal response?
As with the theoretical value of a security, the option-adjusted spread is affected by the assumed interest-rate volatility. The higher (lower) the expected interest-rate volatility, then the lower (higher) the OAS.
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Under the Federal Unemployment Tax Act, a payroll tax is levied on employers and employees for the purpose of financing the administration cost of the state unemployment compensation program
Indicate whether the statement is true or false
The group important in setting the organization's overall strategic goals and for approving major decisions and salaries of top management is known as
a. employees. b. stockholders. c. the board of directors. d. investors. e. intrapreneurs.
Which of the following best describes the appropriation of retained earnings?
A) restricting part of retained earnings for expansion or contingencies B) setting cash aside for expansion C) designating certain amounts of retained earnings for cash dividends that are required to be paid to shareholders D) limiting company transactions in order to boost earnings
A company requires a dynamically evolving portfolio of resources and capabilities to
A. transform knowledge into a management style supporting competition in a globally diverse world. B. sustain benefits of high market share as an interest in growth strategies. C. assist the strategic planning team in overall direction. D. sustain complex manufacturing systems as a strategic recall. E. sustain its competitiveness and help drive improvements in its performance.