Bonds are sometimes called ________ securities because they pay set amounts on specific future dates
A) variable-income
B) fixed-income
C) bully
D) real
Answer: B
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It is hypothesized that having a pet cat can reduce the number of visits at the doctor's office. Which of the following serves as directional null hypothesis for this study?
CashCow Inc is all equity financed and generates perpetual annual EBIT of $100. Assume that the EBIT, and all other cash flows, occur at year end and that we are currently at the beginning of a year
CashCow has 150 shares outstanding and shareholders require a return of 10%. CashCow hires a new CEO, a Mr. Cowslowski, who spends 10% of EBIT on parties, houses and yachts. Assume that this spending is expected to continue in perpetuity. What price will the shares trade at after Mr. Cowslowski is hired? The tax rate is 40%. A) $3.20 B) $3.40 C) $3.60 D) $3.80 E) $4.00
Companies that adopt a concentrated marketing strategy violate which of the following old sayings?
A. You can't bake a pie without breaking some eggs. B. Don't count your chickens before they hatch. C. Don't put all of your eggs in one basket. D. The grass is always greener on the other side of the fence. E. A rolling stone gathers no moss.
Which account below is not an Expense account?
A. Rent B. Accounts Payable C. Advertising D. Utilities