A small number of firms facilitate collusion by reducing the costs of both organizing and monitoring the cartel.

When all other factors are constant, bonds with short maturities and relatively high coupons will be less sensitive to changes in interest rates. Thus, zero-coupon bonds tend to be the most price-sensitive when rates change.

A deferred tax liability will arise when taxable income is less than financial reporting income.

If you expect stock prices to decline, then you'll want to enter into an agreement that will allow you to sell shares at a pre-determined price. This way, you are effectively locking in the future value of the shares. There are only two strategies that will enable you to carry out this transaction. First, buying a put will give you the "right" to deliver these shares at a pre-determined price. And second, selling stock index futures will "obligate" you to deliver these shares at a pre-determined price.

2
7 5% corresponds to k=2 because 0.75 = 1 - 1/2 . Therefore, the extremes for the interval are 15% +- 2 *
(4.5%) or 6% and 24% (Chebyshev's Inequality).