An executed contract is one that has been performed by both parties
Indicate whether the statement is true or false
T
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A convertible bond is one where
a. the issuer can convert from a fixed interest rate to a floating one. b. the issuer can convert it from long-term to short-term. c. the issuer can retire the bond before its specified due date. d. the holder can convert the bond into common stock at a future time.
If a project is expected to be completed in 68 days with a project variance of 21 days, what is the probability that the project will be completed within 50 days?
A. less than 1% B. between 5% and 10% C. between 15% and 30% D. over 35%
Which of the following is a drawback of the Laplace criterion?
A. It ignores the payoffs associated with the “high demand” state of nature. B. It ignores the payoffs associated with the “low demand” state of nature. C. It is not a good method to use when the states of nature are not equally probable. D. It ignores the maximum payoff that could be realized if the decision maker were a risk taker and the probabilities associated with the possible state of nature.
A premium occurs when the issue price of a bond is above its face amount.
Answer the following statement true (T) or false (F)