A frequently used approximation for the yield to maturity on a long-term bond is the
A) coupon rate.
B) current yield.
C) cash flow interest rate.
D) real interest rate.
B
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Which of the following is not a good reason to use IM at work?
A) You need to convey information quickly. B) You need to send confidential business information. C) You have a simple question. D) You need a fast response from someone. E) You know that your supervisor appreciates a quick update using IM.
Jane and Joan decide to open a plumbing business. Both contribute money to the business, but
because Jane has expertise in plumbing, she makes all the management decisions. Joan will not participate in any of the day-to-day operations. Jane and Joan will split net income equally. This enterprise is: A) A partnership. B) Not a partnership because they do not share management responsibilities. C) Not a partnership because they do not co-own the business. D) Not a partnership because they are not carrying on a trade or business. E) Not a partnership because there is no association of two or more people.
Custom Auto Body & Detailing, LLC, is a limited liability company. Unless indi-cated otherwise on the Custom Auto's federal tax form, the firm will be taxed as
a. a cooperative. b. a corporation. c. a joint venture. d. a partnership.
The Marriott International purchase of Starwood Hotels for 13.6 billion USD is an example of a(n)
A. related diversification. B. acquisition. C. divestiture. D. unrelated diversification.