The main asset on the Federal Reserve's balance sheet is
A. discount loans.
B. securities.
C. monetary base.
D. capital.
Answer: B
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Suppose that on January 2, 2018, the U.S. Treasury auctioned the following four T-Bills:
a) Determine the bank discount rate for each T-Bill using formula 10-3 given in the chapter and the DISC function.
b) Determine the bond equivalent yield for each T-Bill using the formulas given in the chapter and the YIELDDISC function.
c)Create a chart of a portion of the yield curve using the results of the bond equivalent yield in part b.
CashCow Inc is all equity financed and generates perpetual annual EBIT of $100. Assume that the EBIT, and all other cash flows, occur at year end and that we are currently at the beginning of a year
CashCow has 150 shares outstanding and shareholders require a return of 10%. CashCow hires a new CEO, a Mr. Cowslowski, who spends 10% of EBIT on parties, houses and yachts. Assume that this spending is expected to continue in perpetuity. What price will the shares trade at after Mr. Cowslowski is hired? The tax rate is 40%. A) $3.20 B) $3.40 C) $3.60 D) $3.80 E) $4.00
Pedregon Corporation has provided the following information: Cost per Unit Cost per PeriodDirect materials$6.35 Direct labor$3.75 Variable manufacturing overhead$1.50 Fixed manufacturing overhead $15,000Sales commissions$0.50 Variable administrative expense$0.55 Fixed selling and administrative expense $4,500If 4,000 units are sold, the variable cost per unit sold is closest to:
A. $14.60 B. $12.65 C. $16.55 D. $11.60
An individual born in 1967 belongs to the generational group called _____.
A. Generation Y B. Traditionalists C. Baby Boomers D. Generation X