A full citation for a journal article includes which of the following?
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If a burglar breaks into a house, rapes one of the occupant…
If a burglar breaks into a house, rapes one of the occupants, and flees in the owners’ car, which crime(s) will be counted in congruence with the hierarchy rule?
Suppose you pay 24% as a nominal annual rate on your credit…
Suppose you pay 24% as a nominal annual rate on your credit card. If you make monthly payments with monthly compounding, what is your effective annual rate?
All else equal, the fair (or intrinsic) price of a stock sho…
All else equal, the fair (or intrinsic) price of a stock should fall if the market risk premium decreases according to the CAPM model.
Meacham Enterprises’ bonds currently sell for $1,280 and hav…
Meacham Enterprises’ bonds currently sell for $1,280 and have a par value of $1,000. They pay a $135 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,050. What is their yield to call (YTC)?
A 15-year bond has an annual coupon rate of 8%. The coupon…
A 15-year bond has an annual coupon rate of 8%. The coupon rate will remain fixed until the bond matures. The bond has a yield to maturity of 6%. Which of the following statements is CORRECT?
Your bank is willing to lend you $35,000 on a 72 month loan…
Your bank is willing to lend you $35,000 on a 72 month loan having an Annual Percentage Rate (APR) of 3% compounded monthly. What will be the monthly payment on this loan?
If $1000 is placed in an account that earns a nominal 16 per…
If $1000 is placed in an account that earns a nominal 16 percent, compounded quarterly, what will it be worth in 5 years?
Your bank account pays a 12% nominal rate of interest. The…
Your bank account pays a 12% nominal rate of interest. The interest is compounded monthly. Which of the following statements is CORRECT?
Rule 72 assumes an interest rate around 10.4% and says that…
Rule 72 assumes an interest rate around 10.4% and says that money should double every 7 years.