Explain why the market for taxable municipal bonds competes for investors with the corporate bond market
What will be an ideal response?
Like the corporate bond market, taxable municipal bonds are bonds whose interest is taxed at the federal income tax level. Thus, investors are going to look at the risk and return trade-off to determine which bond they prefer. Because there is no tax advantage, investors will expect
a higher return for a lower rated bond regardless of whether it is a municipal or corporate bond. For either a municipal or corporate bond, their yields must be higher than for another tax-exempt municipal bond. Also, their yields must be higher than the yield on U.S. government bonds because an investor faces credit risk by investing in either bond.
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Skimming involves
a. stealing cash from an organization before it is recorded b. Stealing cash from an organization after it has been recorded c. manufacturing false purchase orders, receiving reports, and invoices d. A clerk pays a vendor twice for the same products and cashes the reimbursement check issued by the vendor.
Management's Discussion and Analysis (MD&A) in The Comprehensive Annual Financial Report (CAFR) is part of the Financial Section.
Answer the following statement true (T) or false (F)
A marketing channel is defined as a group of individuals and organizations that
A. consumes about one-half of every dollar spent on products in the United States. B. directs the flow of products from producers to customers. C. links producers to other marketing intermediaries. D. takes title to products and resells them. E. manages transportation and warehousing functions.
While discussing an upcoming marketing research study of how the home decorating industry is affected by the teenage consumer, you emphasize the necessity of having a sample that is representative of the population. What type of sample must be used?
A. a nonprobability sample B. a quota sample C. a convenience sample D. a probability sample E. a field service sample