If the yield to maturity on an annual-pay bond is 7.75%, the bond-equivalent yield is closest to:
A. 7.61%.
B. 7.90%.
C. 8.05%.
查看答案
In the current year, a company increased its deferred tax asset by $500,000. During the year, the company most likely:
A. Becameentitledtoa$500,000taxrefund.
B. Reportedaloweraccountingprofitthantaxableincome.
C. Hadpermanentdifferencesbetweenaccountingprofitandtaxableincome.
A firm in the market environment characterized by monopolistic competition will most likely:
A. Continuetoexperienceeconomicprofitinthelongrun.
B. Haveawell-definedsupplyfunctionreflectingitsmarginalandaveragecosts.
C. Havemanycompetitors,eachofwhichfollowsitsownproductdifferentiationstrategy.
A cell phone manufacturer has switched to high margin premium-priced products with the most innovative features as part of its product differentiation strategy. Which of the following other changes is
Anincreaseininventorylevels
B. AdecreaseinR&Dexpenditures
C. Anincreaseinadvertisingexpenditures
An investor purchases the bonds of JLD Corp., which pay an annual coupon of 10% and mature in 10 years, at an annual yield to maturity of 12%. The bonds will most likely be selling at:
A. par.
B. A discount.
C. A premium.