The expected change in the option premium from a small change in the foreign interest rate (foreign currency) is term vega

Indicate whether the statement is true or false.


Answer: FALSE

Business

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Which of the following items would be considered a cash equivalent if it was held at the balance sheet date?

a. U.S. Treasury bill purchased when there were 90 days until maturity. b. Commercial paper with a 6-month maturity which was purchased at the issue date. c. The common stock of a company traded on the New York Stock Exchange which was purchased 30 days before the balance sheet date. d. U.S. Treasury note which matures 2 years after it is issued and which was purchased 4 months before the balance sheet date.

Business

________ perform a role similar to that of brokers or agents but are part of the buyer's organization

A) Truck jobbers B) Merchant wholesalers C) Purchasing officers D) Rack jobbers E) Cash-and-carry wholesalers

Business

Craftsman Inc., has a profit margin of 8%, an asset turnover ratio of 2.3, a leverage ratio of 1.50 and a retention ratio of .60. What is the firm's sustainable growth rate?

A) 3.13% B) 8.70% C) 16.56% D) 46.00%

Business

In normally distributed data, what is the percentile rank of scores at z = 1.7?

a. 43rd b. 96th c. 57th d. 4th

Business