The primary measurement unit used for assessing the value of one's stake in an investment company is ___________________.
A. net asset value
B. average asset value
C. gross asset value
A. net asset value
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Which of the following statements is true?
A. If the Fed wants to decrease money supply, it sells government securities. B. If the Fed wants to increase money supply, it sells government securities. C. If the Fed wants to decrease money demand, it sells government securities. D. If the Fed wants to increase money demand, it sells government securities.
Which of the following is an example of an accrual?
a. The purchase of office supplies b. Wages expense incurred but not yet paid c. Tuition revenue collected in advance d. Payment of two years' insurance in advance
Colons shift emphasis _____________
a. away from the subject b. forward c. backward d. away from the key point
Bravo Corporation recently issued 270-day commercial paper with a face value of $2,000,000 and a simple interest rate of 11 percent. The company paid a transaction fee equal to 0.4 percent of the issue, which was taken out of the issue amount before the company received any funds. Assuming there are 360 days in a year, what is the commercial paper's effective annual rate (rEAR)? (Round your answer to two decimal places.)
A. 12.85% B. 11.89% C. 11.58% D. 12.02% E. 12.82%