Question 646

Which of the following is the best example of frictional unemployment?
  • Question 647

    If a nation is running a surplus in its current account,
  • Question 648

    A firm intends to take on a significant amount of new debt in order to fund the purchase of a close competitor. However the firm cannot complete the transaction unless it first calls one of its outstanding bond issues. It must be true that the called bonds
  • Question 649

    BWT, Inc. shows the following data in its financial statements at the end of the year. Assume all securities were outstanding at the beginning of the year:
    6.125% convertible bond, convertible into 33 shares of common stock. Issue price $1,000, 100 bonds
    *
    outstanding.
    6.25% convertible preferred stock, $100 par, 2,315 shares outstanding. Convertible into 3.3 shares of
    *
    common stock, Issue price $100
    8% convertible preferred stock, $100 par, 2,572 shares outstanding. Convertible into 5 common
    *
    shares, Issue price $80
    9,986 warrants are outstanding with an exercise price of $38. Each warrant is convertible into 1 share
    *
    of common.
    Average market price of common is $52.00 per share.
    *
    Common shares outstanding at the beginning of the year were 40,045.
    *
    Net Income for the period was $200,000, while the tax rate was 40%.
    *
    What were the Basic EPS for the year?
  • Question 650

    Which of the following statements about duration characteristics are true?
    I). The duration of a coupon bond will always be less than its term to maturity.
    II). There is generally an inverse relationship between term to maturity and duration.
    III). There is a positive relationship between coupon and duration.
    IV). There is an inverse relationship between yield to maturity and duration.