A bond that matures in 5 years has less interest rate risk than a bond that matures in 25 years
because regardless of changes in interest rates, the bond can be redeemed for face value 20 years
earlier.
Indicate whether the statement is true or false
FALSE
You might also like to view...
The following items were reported on the balance sheets and income statement for the Flying Mullet Company: Accounts receivable, December 31, 2015 $ 85,000 Accounts receivable, December 31, 2016 98,000 Sales—2016 750,000 How would the change in accounts receivable be reported in the operating activities section of the statement of cash flows under the indirect method?
a. As an addition to sales b. As a deduction from sales c. As an addition to net income d. As a deduction from net income
Which of the following statements is true about the role of an administrative law judge (ALJ) during a hearing?
A) An ALJ is required to remain silent during a hearing. B) An ALJ can intervene during a hearing to ask questions. C) An ALJ can only take note of the evidence that both parties have introduced. D) An ALJ must submit questions to the involved parties in writing in advance of the hearing.
Which sentence is punctuated correctly?
A) We are seeking an efficient, reliable technician who can work independently. B) We are seeking an efficient reliable technician who can work independently. C) We are seeking an efficient, reliable, technician who can work independently.
A . What is a fiduciary? b. What are the implications of an agent's fiduciary obligation? What is an agent prohibited from doing as a result of this obligation? Explain