Stocks and bonds are similar in the sense that
a. both are sold initially in primary markets and then traded in secondary markets
b. both are means of providing firms with the means of financing capital expenditures
c. their prices are both perceived as signals of a firm's performance by management
d. their values can both be calculated by discounting future payments to obtain a present value
e. all of the above
E
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A regulation that sets the lowest price at which it is legal to trade a good is a
A) search ceiling. B) price floor. C) production ceiling. D) price ceiling. E) subsidy.
Binary variables
A) are generally used to control for outliers in your sample. B) can take on more than two values. C) exclude certain individuals from your sample. D) can take on only two values.
Monetary policy and fiscal policy are the only factors that influence aggregate demand
a. True b. False Indicate whether the statement is true or false
Average variable costs:
A. decrease, then increase as output increases. B. increase, then decrease as output increases. C. always trend upward as output increases. D. always trend downward as output increases.