What are the problems with using only on-the-run Treasury issues to construct the theoretical spot rate curve?
What will be an ideal response?
There are two problems with using just the on-the-run issues. First, there is a large gap between some of the maturities points, which may result in misleading yields for those maturity points when estimated using the linear interpolation method. Second, the yields for the on-the-run issues may be misleading because most offer the favorable financing opportunity in the repo market.
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Why would a producer use wholesalers rather than selling directly to retailers or consumers?
What will be an ideal response?
Each account in the cost ledger is called a:
A) finished goods sheet B) stock record C) materials requisition D) job cost sheet
A company's domain name does not necessarily need to have international signi?cance
Indicate whether this statement is true or false.
To be negotiable, a check must be in writing. Under the UCC, a check
A. must be written on standard size paper of 6" × 2.5." B. must be written on an official bank form. C. need not be on any official form or even on paper. D. must be written on a pre-printed bank issued check.