Suppose you sell the 10-year, A-rated 7 percent bonds you own, which are yielding 8 percent, and replace them with an equal amount of 10-year, A-rated 8 percent bonds that are priced to yield 9 percent
In this situation, you are executing
A) an immunization deal.
B) a yield pickup swap.
C) a laddered bid.
D) a spread bid.
Answer: B
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Who and what are the globalizers, and what are the consequences of globalization?
What will be an ideal response?
Miranda, and Larry work as cooks at the local Fried Chicken hot spot. Miranda is the head fry cook and Larry is her assistant. Miranda deliberately misinterprets Larry’s request for more challenging tasks (such as making the cornbread puppies) and passes the message to Willie, the owner of the hot spot, that Larry is unhappy and wants to resign from the shack. Larry is aware of his heightened emotional state when he is talking to Miranda about the miscommunication and takes a moment to calm down before continuing the conversation. This is an example of which of the communication barriers discussed in the textbook?
a. Filtering b. Emotions c. Information Overload d. Differing Perceptions
Which of the following losses is generally covered under a commercial umbrella policy?
A) liability arising out of workers compensation laws B) liability arising out of pollution C) liability arising out of use of a business auto D) the cost of recalling defective products
Judging only from the ratios below, which of the following clothing wholesalers is least likely to be having cash flow problems?
A. Company A: Receivable turnover of 5; inventory turnover of 2 B. Company B: Receivable turnover of 2; inventory turnover of 5 C. Company C: Receivable turnover of 10; inventory turnover of 10 D. Company D: Receivable turnover of 1; inventory turnover of 1