A decrease in a firm's level of debt tends to imply:
A) an increase in the firm's market value.
B) an increase in future dividend payouts.
C) a decrease in the firm's stock price.
D) a decrease in the firm's position within its industry.
E) a decline in managerial efficiency.
C) a decrease in the firm's stock price.
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Which of the following financial intermediaries is also known as a savings and loan association??
A. ?Commercial bank B. ?Credit union C. ?Mutual fund D. ?Thrift institution E. ?Pension fund
Bayou Development Corporation hiresCoastal Brokerage Associates to sell the condominiums in a building at Bayou Development's resort. The agency will terminate
a. after the condos have been sold. b. if the prices of the condos must be reduced to sell them. c. once Bayou Development obtains insurance to cover the property. d. when Bayou Development pays Coastal Brokerage its first commission.
One advantage physical stores have over online stores is simplified price and product feature comparison.
Answer the following statement true (T) or false (F)
Which of the following describes the way that the parameters in a binomial tree are chosen?
A. The expected return during each time step is the risk-free rate B. The standard deviation of the return in each time step is, for small time steps, almost exactly equal to the volatility per annum times the square root of the length of the time step in years C. The tree recombines D. All of the above