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Compared to interest rates on long-termU.S.government bonds, interest rates on _____ fluctuate more and are lower on average
A、medium-quality corporate bonds
B、low-quality corporate bonds
C、high-quality corporate bonds
D、three-month Treasury bills
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A、medium-quality corporate bonds
B、low-quality corporate bonds
C、high-quality corporate bonds
D、three-month Treasury bills
A、the flows have been discounted to a same date
B、high rates of interest can be earned on the flows
C、interest rates are expected to be stable
D、the flows occur no more than 1 year from each other
If market interest rates rise, the price of a callable bond, compared to an otherwise
identical option-free bond, will most likelydecrease by:
A.more than the option-free bond.
B.the same amount as the option-free bond.
C.less than the option-free bond.
A. The interest coverage ratio will decrease.
B. The return on assets ratio will decrease.
C. The asset turnover ratio will increase.
A.less reinvestment risk and the same interest rate risk.
B.less reinvestment risk and more interest rate risk.
C.the same reinvestment risk and the same interest rate risk.
A.depreciate...floating
B.depreciate...fixed
C.appreciate...fixed
D.appreciate...floating
A.Both will be lower.
B.Both will be higher.
C.One will be lower and one will be higher.
A. It ignores the impact of embedded options.
B. It is relatively time consuming.
C. It cannot be used for stress testing.
The text points out that covered interest parity holds quite closely for deposits of differing currency denomination issued in a single financial center.Why might covered interest parity fail to hold when deposits issued in different financial centers are compared?
A.An increase in gearing leading to higher interest costs
B.A reduction in the allowance for uncollectible receivables
C.A decision to value inventory on the average cost basis from the first in first out (FIFO) basis. Unit prices of inventory had risen during the current year
D.A change from the amortisation of development costs being included in cost of sales to being included in administrative expenses
Public acceptance of wind energy conversion systems is an important consideration in planning for the widespread application of wind energy. Studies have shown that the environmental impact of such systems is relatively small compared with conventional electric power systems. Wind-powered systems do not require the flooding of large land areas or the alteration of the natural ecology, as dohydroelectric systems. Furthermore; they produce no waste products or thermal or chemical effluents, as fossil-fueled and nuclear fueled systems do.
Which of the following is NOT an advantage of wind energy?
A.Wind energy does not require the flooding of large land areas.
B.Wind energy produces no waste products.
C.The availability of wind energy is not dependent on the weather.
D.Wind energy does not produce thermal or chemical effluents.
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