A consumer group wants to prove that the average hospital costs are more than $931 per day. The group randomly samples 60 accounts and finds a sample mean of $950. The hypothesis test at an a-level of 5% and assumes a o of $50. With a test value of 2.94 standard deviations and a critical value of 1.645, the decision should be _______.

If trades can be arranged only when the market is open, such a market is called a:

On 12/31/99, Morgan Corporation's capital structure is as follows:
Common Stock outstanding 200,000
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Nonconvertible, $100 Par, 6% Preferred Stock 37,700 Shares
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8.00 %, $1,000 Convertible bonds $1,500,000
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Stock options to purchase 33,000 shares of common at $30.00 a share.
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Average market price of common stock during 2000 was $39
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The following events occurred in 2000:
On 9/1/00, Morgan sold 283,000 additional shares of common stock.
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Net income for the year was $1,375,000, after taxes.
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The 8.00% convertible bonds are convertible into 80 shares of common stock for each $1,000 bond.
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The tax rate for 2000 is 25%
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What is the diluted EPS for 2000?

Which of the following statements regarding duration and a bond's price volatility is (are) correct?
I). Duration is a linear estimate of a bond's price change given an expected change in market interest rates.
II). Duration actually underestimates a bond's price increase and decrease given an expected change in market interest rates.
III). The combined effect of a bond's duration and convexity will be greater than a bond's expected change related to duration alone.
IV). Convexity is an attempt to mitigate the error included with the duration measure.
A I and II
B. I and IV.
C. III and IV.

A project has an initial investment of $40,000 and cash inflows of $11,000 a year for 5 years given a required return of 11.649%. Compute the NPV for this project.