An open-end fund differs from a closed-end fund in that the open-end fund does not limit the kinds of securities it buys
Indicate whether the statement is true or false
FALSE
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Use the following data: Asset cost $120,000 Expected life 3 years Estimated salvage value $15,000 Using the straight-line method, the amount of depreciation each year would be
a. $35,000. b. $40,000. c. $45,000. d. $15,000.
Your bank account pays a 6% nominal rate of interest. The interest is compounded quarterly. Which of the following statements is CORRECT?
A. The periodic rate of interest is 1.5% and the effective rate of interest is 3%. B. The periodic rate of interest is 6% and the effective rate of interest is greater than 6%. C. The periodic rate of interest is 1.5% and the effective rate of interest is greater than 6%. D. The periodic rate of interest is 3% and the effective rate of interest is 6%. E. The periodic rate of interest is 6% and the effective rate of interest is also 6%.
An instrument is not negotiable if it is not payable at a definite time.
Answer the following statement true (T) or false (F)
The ratio of the annual dividend to the market price of the stock is called the
A) retention ratio. B) plowback ratio. C) current ratio. D) dividend yield. E) none of the above.