In the 1950s, the interest rate on three-month Treasury bills fluctuated between 1.0% and 3.5%. In the 1980s, the three-month Treasury bill rate ranged from 5% to over 15%
From this, one could predict that in the 1980s interest-rate risk was ________ and the demand for financial innovation was ________.
A) greater; lower
B) greater; greater
C) lower; lower
D) lower; greater
B
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The denominator of the rate of return on total assets ratio is the average total assets
a. True b. False Indicate whether the statement is true or false
Name and describe three factors that nurture personal biases
What will be an ideal response?
Floyd Manufacturing purchased an asset costing $65,000. Annual operating cash inflows are expected to be $12,000 each year for ten years. No salvage value is expected at the end of the asset's life. Assuming Floyd's cost of capital is 11 percent, what is the asset's net present value? (ignore income taxes)
A) $4,443 B) $5,670 C) $4,560 D) $17,670
Information in a legal encyclopedia is arranged:
a. alphabetically. b. chronologically. c. numerically. d. randomly.