Foreign debt is a debt instrument sold by a foreign borrower that is denominated in the currency of the country in which it is sold.
Answer the following statement true (T) or false (F)
True
Foreign debt is debt sold by a foreign borrower, but it is denominated in the currency of the country in which the issue is sold. Foreign bonds often are labeled according to the country in which they are issued. See 6-1: Characteristics and Types of Debt
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A polycentric orientation is diametrically different from an ethnocentric orientation
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. In vertically individualistic societies, the self is autonomous and people are generally equal. 2. One of the benefits of quantitative measures of cultural dimensions is the ability to construct indexes of cultural distance between countries. 3. One of the important limitations to models of cultural values is that they generally are not appropriate for understanding the personal values of individuals. 4. Management scholars' reliance on theory and findings from the United States is not the result of an inherent belief in the superiority of U.S. management. 5. Many of the limitations of the research about managing across cultures are being remedied as scholars recognize the increased demand for relevance of research.
Firm M's earnings and stock price tend to move up and down with other firms in the S&P 500, while Firm W's earnings and stock price move counter cyclically with M and other S&P companies. Both M and W estimate their costs of equity using the CAPM, they have identical market values, their standard deviations of returns are identical, and they both finance only with common equity. Which of the following statements is CORRECT?
A. M should have the lower WACC because it is like most other companies, and investors like that fact. B. M and W should have identical WACCs because their risks as measured by the standard deviation of returns are identical. C. If M and W merge, then the merged firm MW should have a WACC that is a simple average of M's and W's WACCs. D. Without additional information, it is impossible to predict what the merged firm's WACC would be if M and W merged. E. Since M and W move counter cyclically to one another, if they merged, the merged firm's WACC would be less than the simple average of the two firms' WACCs.
A credit-card company must send monthly bills to cardholders twenty-one days before the due date.?
Indicate whether the statement is true or false