id string | problem string | answer string | answer_type string | category string | difficulty string | eval_score int64 | similar_problems list |
|---|---|---|---|---|---|---|---|
null | Delgato Corporation issues its bonds at a premium. The annual interest rate on these bonds is 8%, and their market rate is 6%.
If the bond maturity value is $50,000 and the bonds mature in 10 years, the carrying value of the bonds at maturity would equal:
a. $50,000.
b. greater than $50,000.
c. less than $50,000.
... | None | null | null | null | null | null |
null | Kanye Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The machine will cost $176,000, has an estimated useful life of 7 years, a salvage value of zero, and will increase net annual cash flows by $36,000. Use factors from standard PV tables. What is it... | None | null | null | null | null | null |
null | Use the following information to answer this question.
Particulars Value
Beta 1.2
Risk-free rate 3%
Expected market return 12%
Dividend $3.00
Growth rate 4%
Tax rate 30%
If the stock price is $30, then the cost of equity using the growth dividend model is closest to:
A. 9%
B. 11%
C. 13%
D. 15% | None | null | null | null | null | null |
null | Find the constant of proportionality if y varies directly with x and y = 120 when x = 15. | None | null | null | null | null | null |
null | The tax burden will fall most heavily on sellers of the good when the demand curve _____.
a. is relatively steep, and the supply curve is relatively flat
b. is relatively flat, and the supply curve is relatively steep
c. and the supply curve are both relatively flat
d. and the supply curve are both relatively steep | a | null | null | null | null | null |
null | Evaluate the iterated integral $\int_0^1 \int_{\sqrt{1-x^2}}^{\sqrt{9-x^2}} \frac{y}{x^2+y^2} \ dy \ dx + \int_1^3 \int_0^{\sqrt{9-x^2}} \frac{y}{x^2+y^2} \ dy \ dx$. | None | null | null | null | null | null |
null | According to the quantity theory, changes in the:
A. quantity of money leads to proportional changes in the growth rate of aggregate output.
B. price level leads to proportional changes in the quantity of money.
C. quantity of money leads to proportional changes in the price level.
D. velocity of money leads to pro... | None | null | null | null | null | null |
null | The recording of the jobs shipped and customers billed would include a debit to:
A) Cost of Goods Sold
B) Cash
C) Finished Goods
D) Accounts Payable | None | null | null | null | null | null |
null | Find the annual depreciation for each of the following using the straight-line method: The office equipment purchased in 2011 was placed in service on December 31, 2011, and it had a 5-year estimated life.
Cost = $18,000
Salvage Value = $1,800 | None | null | null | null | null | null |
null | Investors require a greater return on stocks than on bonds for all of the following reasons except:
A. stocks are more risky than bonds.
B. stocks typically have greater expected returns than bonds.
C. stocks are generally less liquid than bonds.
D. the capital of the average investor is invested mainly in stocks a... | None | null | null | null | null | null |
null | La Empresa Cochinillo Asado recently issued non-callable bonds that mature in 15years. They have a par value of $1,000 and an annual coupon of 5.7%. If the current market interest rate is 6.8%, at what price should the bonds sell?
A. $844.62
B. $979.40
C. $736.80
D. $1,006.36
E. $898.53 | E | null | null | null | null | null |
null | Which of the following items is not a component of operating cash flow?
A) increase in accounts receivable
B) cost of goods sold
C) decrease in accounts payable
D) interest expense | None | null | null | null | null | null |
null | What will be the final tax and total revenue if there is a 10% tax on a good that has a price elasticity of demand of 1.4 and a current consumption of 50 units? | None | null | null | null | null | null |
null | You are the money manager of a $2 million dollar portfolio. The portfolio consists of 4 stocks with an equal investment in each one. The betas of the 4 stocks are 1.25, -1.75, 1.00 and 0.75. The market's required return is 12% and the risk-free rate of return is 4%. Calculate this portfolio's required return. | None | null | null | null | null | null |
null | Profit is maximized when:
a. the price for a good is equal to the marginal cost of that good
b. marginal revenue equals marginal cost
c. the price of a good is equal to the average cost of that good
d. total revenues are maximized | None | null | null | null | null | null |
null | Given a strictly increasing function $f\colon \mathbb N \to \mathbb R$, prove that $$\lim_{n\to\infty} \left(\frac{1}{f(n)}+\frac{1}{f(n+1)}+\cdots+\frac{1}{f(n+n^2)}\right)=0$$ | None | null | null | null | null | null |
null | Find the length of one arch of the cycloid given by {eq}x(t) = R( t - \sin t) , \quad y(t) = R(1 - \cos t) {/eq}, that is, find the distance traveled by a small stone stuck in the tread of a tire of radius R during one revolution of the rolling tire. | 8R | null | null | null | null | null |
null | A long 5 mm diameter wire is insulated to a length of 500 mm and has an overall charge of 10 nC distributed uniformly over its length. The insulation has a thermal power generated within it given by {eq}p(x) = q_0 x^2
{/eq}, where q0 = 100 W/m{eq}^3
{/eq}. Determine the current flowing in the wire. | None | null | null | null | null | null |
null | Which of the following is a disadvantage of the functional type of organizational design?
A) It requires a much higher degree of trust than would be required in other design structures to conduct successful business.
B) Vertical top-down communications are less efficient as they are complicated by dual reporting rela... | None | null | null | null | null | null |
null | If Congress and the President together increase government spending and taxes by $4 billion, then equilibrium GDP will:
A. Rise by less than $4 billion because the marginal propensity to consume is less than 1
B. Rise by $4 billion
C. Rise by more than $4 billion because the marginal propensity to consume is less th... | None | null | null | null | null | null |
null | Suppose that the demand for certain drugs is {eq}QN=100-P
{/eq} in North America and {eq}QS=100a-P
{/eq} in Sub-Saharan Africa where a is less than 1.
Show that with marginal cost equal to 20 for such drugs, it must be the case that a is greater than 0.531 if the drug manufacturer is to serve both markets while char... | None | null | null | null | null | null |
null | If the production process is shut down whenever a sample proportion of defectives exceeds 0.05, what is the likelihood of this happening, given a sample of 120 items is drawn from a population of manufactured products, the number of defective items is recorded, and prior experience has shown that the proportion of defe... | None | null | null | null | null | null |
null | Which of the following might cause a depreciation of the U.S. dollar versus the Japanese yen?
a. a recession in Japan
b. a recession in the U.S.
c. more Japanese visitors to Hawaii
d. a greater demand for U.S. coal by Japan | b | null | null | null | null | null |
null | Suppose a firm has a target capital structure of 40 percent equity and 60 percent debt. Its cost of equity is 15 percent, and the cost of debt is 8 percent. If the relevant tax rate is 34 percent, what is the company's WACC? | None | null | null | null | null | null |
null | After a perfectly elastic collision, one particle is observed to move off at right angles to its initial direction, and with 1/2 of its initial speed. What is the angle between the final velocities of the two particles? | None | null | null | null | null | null |
null | Assume two bonds have identical characteristics, except that one has a call provision and the other does not. What is the effect of the call feature on the issuer and the expected returns and risks to the investor?
A. Call is an option for the investor, it is desirable, it will increase the price, it will increase the... | None | null | null | null | null | null |
null | You pour a cup of coffee. When its poured, it is 130°F above room temperature, so we will say that difference D =130°F. 3 minutes later, it has cooled to D =117°F above room temperature. As the coffee cools, the instantaneous rate of change of D with respect to time t minutes is directly proportional to D. Write a diff... | None | null | null | null | null | null |
null | What is the dimension of the vector space $M(2, 2)$, where $$ M(2, 2) = \{ A \in \mathbb{R}^{2 \times 2} : Ax = x, \forall x \in \mathbb{R}^2\} $$ and $A \cdot x$ is matrix multiplication? | None | null | null | null | null | null |
null | The mean number of words per minute (WPM) typed by a speed typist is 149 with a standard deviation of 10 WPM. What is the probability that the sample mean would differ from the population mean by greater than 2.8 WPM if 60 speed typists are randomly selected? Round your answer to four decimal places. | 0.03 | null | null | null | null | null |
null | Evaluate the definite integral: \(\int_{-8}^{-4} \frac{e^{\sqrt[3]{-4 - t}}}{\sqrt[3]{(-4 - t)^2}} \,dt\) | None | null | null | null | null | null |
null | Three horizontal lines and five vertical lines are drawn on a plane. In how many ways can three rectangles be formed such that no two rectangles have a vertex at a common point? | None | null | null | null | null | null |
null | The adjusted trial balance of a business shows the following selected information:
Wages payable to employees $7,000
Salaries expense 51,000
Wages expense 64,000
Wages earned by employees 59,000
The bookkeeper plans to issue a single check for $10,800 to cover these items. What should be the amount and the classif... | None | null | null | null | null | null |
null | The vertical distance between the AD curve and the AE curve equals:
a) planned investment spending
b) planned government spending
c) any excess demand for goods and services in the economy
d) none of the above | None | null | null | null | null | null |
null | The partial pressure of nitrogen is 595 mm Hg. The total pressure of the sample is 1 atm. What is the mole fraction of nitrogen in the mixture? | None | null | null | null | null | null |
null | The process through which someone becomes aware of personal skills, interests, knowledge, motivations; acquires information about opportunities; identifies career goals; and establishes action plans to attain those goals is called:
A) organizational development
B) career management
C) career development
D) career p... | D | null | null | null | null | null |
null | When marginal cost first decreases, then increases, what is happening to average variable cost?
A. Average variable cost is always increasing.
B. Average variable cost is always decreasing.
C. Average variable cost is U-shaped.
D. Average variable cost is increasing when marginal cost is above it; average variable ... | None | null | null | null | null | null |
null | If interest rates decline from 6 to 4 percent, the:
A. present value of a dollar increases.
B. present value of a dollar decreases.
C. money supply increases.
D. money supply decreases. | None | null | null | null | null | null |
null | Rappaport Corporation reports the following information for 2015. In 2016, the company's accounts receivable increased by $3,600, and its inventory decreased by $3,500. The company's cash balance remained unchanged. Rappaport's net cash flow for 2016 was $42,000. Net cash flow for 2016 as a percentage of net income for... | None | null | null | null | null | null |
null | Two microphones, 3.0 m apart, pick up the sound of a source emitting sound at 1024 Hz. The source is moving in a direction parallel to the line joining the microphones. When the source is equidistant from the microphones, the signals picked up by the microphones interfere constructively. At that instant, the angle betw... | None | null | null | null | null | null |
null | Suppose that the current exchange rate is $1.94 per pound, and the one-year forward exchange rate is $1.99 per pound. The U.S. risk-free rate is 3% and the British risk-free rate is 2%.
Which of the following is true?
a) U.S. money is more expensive than British money for the participants in the above swap.
b) The U... | None | null | null | null | null | null |
null | I would like to show that $$\frac{\Gamma(1-2x)\Gamma(1+x)}{\Gamma(1-x)}\geq 1$$ for real $x$ such that $|x|\leq \frac12$, where $\Gamma$ is the usual gamma function. | 1 | null | null | null | null | null |
null | Which of the following correctly describes financial budgets?
A) A financial budget is a special type of operating budget.
B) The income statement is the only financial budget.
C) The income statement and balance sheet are the two main financial budgets.
D) The income statement and the cash budget are the two main ... | None | null | null | null | null | null |
null | Assume that the total market value of the common stock of a company is $10 million and there are 1 million shares outstanding. The market value of the company's debt is $5 million. What is the company's Weighted Average Cost of Capital (WACC) if the cost of debt capital is 6% and the cost of equity capital is 10%? | None | null | null | null | null | null |
null | One of the most important functions of money is that it:
a. provides a medium for making a variety of transactions
b. provides a store for wealth
c. provides a standard unit of account
d. provides a source of wealth | None | null | null | null | null | null |
null | On July 1, Andrews Co. declared a cash dividend of $30,000 payable on July 15 to the common stockholders of record on July 10. Which of the following would be included in the journal entry on July 10?
A. Debit to Cash Dividends Distributable, $30,000.
B. Credit to Cash, $30,000.
C. Debit to Retained Earnings, $30,000... | None | null | null | null | null | null |
null | Which of the following statements is correct?
a) The market value method applied to the conversion of convertible bonds usually results in lower net income.
b) The book value method used to account for conversions of convertible bonds assumes that the issuance of convertible bonds and the act of conversion are two di... | None | null | null | null | null | null |
null | Consider an asset that costs $311,000 and is depreciated straight-line to zero over its six-year tax life. The asset is to be used in a four-year project; at the end of the project, the asset can be sold for $58,000. If the relevant tax rate is 34%, what is the aftertax cash flow from the sale of this asset? | $73526.67 | null | null | null | null | null |
null | You have just graduated and moved to your new hometown of Monopoly, Texas. You are in dire need of a new car and must finance your $46,000 purchase with a 5-year loan at an APR of 6.1%.
Find your monthly payments.
Assume the first payment is due on the date the loan is signed.
Answer = $876.23 | None | null | null | null | null | null |
null | The most recent balance sheet and income statement of Penaloza Corporation appear below:
Comparative Balance Sheet
Ending Balance Beginning Balance
Assets
Cash and cash equivalents$47 $39
Accounts receivable 49 55
Inventory 36 39
Property, plant and equipment474 370
Less accumulated depreciation250 218
Total asse... | None | null | null | null | null | null |
null | Economic uncertainty that arises when the economy is over- or under-producing, respectively, and is reflected in stock prices is called _____.
A) credit risk premium
B) real risk
C) interest rate risk
D) inflation risk | None | null | null | null | null | null |
null | The stock price of Micro Processors, Inc., is $54.88. This 10-ear old company's stock has an expected return of 16% and a beta of 1.40. The market's expected return is 10.2%. Find the risk-free rate. (Round to two decimal places.) | None | null | null | null | null | null |
null | Let $f(x)$ be a polynomial of degree $2n$, and suppose that $f(x) ≥ 0$ for all real $x$. Given that $\sum_{i=0}^{2n} (-1)^i \binom{2n}{i}^{(k)}f^k(i) = 0$ for all $k \in \{0,1,2,3,...,n-1\}$, prove that $$\sum_{i=0}^{2n} (-1)^i \binom{2n}{i}^{(n)}f^n(i) ≥ 0$$ Given that $$\sum_{i=0}^{2n} (-1)^i \binom{2n}{i}^{(k)}f^k(i... | None | null | null | null | null | null |
null | Verify that the function {eq}f(x) = \cos (4x) {/eq} satisfies the three hypotheses of Rolle's Theorem on the interval {eq}[\pi/16 , 7 \pi/16]{/eq}. Then find all numbers {eq}c{/eq} that satisfy the conclusion of the Rolle's Theorem. | pi/4 | null | null | null | null | null |
null | A fair die is rolled twice. Let \( Y \) be the sum of the two numbers showing. Find \( \text{Cov}(Y^2,Y). \) | None | null | null | null | null | null |
null | Assume that at an interest rate of 8 percent for one year, Maria would be just as well off with $5,000 today rather than $6,000 in one year.
Which of the following is the closest to the distance between today's value of $5,000 and the net present value of $6,000 in one year?
A. $200
B. $250
C. $1,000
D. $750 | None | null | null | null | null | null |
null | Galactic Empire is considering an investment in one of two mutually exclusive projects. Project A will cost the Empire $600,000 and will provide annual cash inflows of $250,000 for 3 years. Project B will cost the Empire $300,000 and will provide annual cash inflows of $210,000 for 3 years. If the discount rate for bot... | None | null | null | null | null | null |
null | Which is not a point of view with which to analyze a firm's decision to increase output when demand for the good rises?
a) Long-run view.
b) Microeconomic view.
c) Short-run view.
d) Static view.
e) Macro view. | None | null | null | null | null | null |
null | How can I evaluate the limit $$\lim_{x\rightarrow -\infty} (x+2)^{x+1}$$? I know that $$\lim_{x\rightarrow -\infty} (x+2)^{x+1}=\frac{1}{\lim_{x\rightarrow -\infty} (x+1)^{x+2}}$$ and $$\lim_{x\rightarrow -\infty} (x+1)^{x+2} =0$$, so $$\frac{1}{\lim_{x\rightarrow -\infty} (x+1)^{x+2}} = \frac{1}{0}$$ which implies tha... | None | null | null | null | null | null |
null | How many electrons can be described by the quantum numbers n = 3, l = 3, ml = 1? | 2 | null | null | null | null | null |
null | If a firm's policy is to always purchase the materials needed for production rather than allowing for stockout (not having materials when needed), this implies:
a. no safety stock is held.
b. there is no difference in cost between having safety stock and not.
c. the benefits of not having safety stock equal the cost... | None | null | null | null | null | null |
null | Evaluate the line integral {eq}\int_C \sqrt{1+x^3} dx, where C is the curve: x= t^2, y=2t, z= t^2, 0 \leq t \leq 2 | None | null | null | null | null | null |
null | Under the single period model, to maximize expected profit, the optimal amount to order is the smallest amount Q for which:
a. ({eq}F(Q) > \frac{P-p}{P-C}
{/eq}).
b. {eq}F(Q) < \frac{p-C}{p-S}
{/eq}.
c. {eq}F(Q) > \frac{C-P}{S-P}
{/eq}.
d. {eq}F(Q) < \frac{p-C}{S-p}
{/eq}. | None | null | null | null | null | null |
null | First-degree price discrimination (when a firm sets different prices for all consumers of a service) is never better than second-degree price discrimination (when a firm offers discounts for buying more than one unit) is never better than third-degree price discrimination (when a firm offers discounts to some consumers... | None | null | null | null | null | null |
null | Crespi Holdings has the following budgeted costs for 20,000 units:
Variable Costs
Fixed Costs
Manufacturing
$200,000
$150,000
Selling & Administrative
100,000
50,000
Total
$300,000
$200,000
What is the markup (percent) on fixed ... | None | null | null | null | null | null |
null | You have been hired by an insurance company to help them launch a new product that would pay for long-term care in a nursing home for people at an average cost of $150,000/per year. Among 90% of the population, there is a 1% chance of going into a nursing home in the next year but for 10% of the population, people with... | $2,850 | null | null | null | null | null |
null | As the number of firms in an industry increases, we would expect the:
a. market demand curve to become steeper.
b. market demand curve to become less steep.
c. individual firms' marginal revenue curves to become steeper.
d. individual firms' marginal revenue curves to become less steep. | None | null | null | null | null | null |
null | The following are correct descriptions for special cases of linear demand, except
A. A linear demand has price elasticities that range from zero to positive infinity.
B. The linear demand has elasticity equal to one at the point where the marginal revenue equals one.
C. For a linear demand, revenue is maximized when... | None | null | null | null | null | null |
null | Let A be a 3 x 2 matrix, b be a 3 x 1 vector, and assume that the equation Ax=b has a unique solution. Which of the following is/are true?
(A) Rank(A)=Rank(A|b)<3
(B) Rank(A)=Rank(A|b)=2
(C) Rank(A)=Rank(A|b)=3
(D) 2<=Rank(A|b)<=3 | None | null | null | null | null | null |
null | Find the price of the bond in the following case:
Par Value = $1,000
Maturity Date = 20 years
Interest Rate = 8%
Market Interest Rate = 8%
A. $1,000
B. $1,196.36
C. $710.67
D. $1,896.36 | None | null | null | null | null | null |
null | Which of the following is false?
a. A direct labor cost variance is the difference between actual direct labor cost and the standard direct labor cost.
b. Labor variances include the direct materials cost variance, the direct labor rate variance, and the direct labor efficiency variance.
c. The direct materials cost... | None | null | null | null | null | null |
null | Gnetophytes are believed to be the direct ancestors of angiosperms because some gnetophytes share the following features with flowering plants EXCEPT:
a. insect pollination.
b. presence of archegonia.
c. similar xylem vessels.
d. double fertilization. | b | null | null | null | null | null |
null | The introduction of the _____ placed more effective controls over business practices and less obvious forms of interaction by American companies.
A. U.S. Federal Sentencing Guidelines for OrganizationsB. Ethics Resource CenterC. Sarbanes-Oxley ActD. Foreign Corrupt Practices Act | None | null | null | null | null | null |
null | Which axis is often used to represent the trade-off between inflation and unemployment in macroeconomics?
a. the Y-axis
b. the X-axis
c. neither the Y-axis nor the X-axis
d. Both the Y-axis and X-axis | None | null | null | null | null | null |
null | When the number of units produced exceeds the number of units sold, absorption costing net operating income will generally be:
a. higher than variable costing net operating income.
b. lower than variable costing net operating income.
c. equal to variable costing net operating income.
d. equal to zero. | None | null | null | null | null | null |
null | What is the expected rate of return on a $10,000, 3-year U.S. Treasury note that has a price of $9,500? (Assume interest rate is constant over the period.)
a. 15.6%
b. 16.7%
c. 6.0%
d. 8.7% | None | null | null | null | null | null |
null | Total fixed costs:
A) Rise as output increases
B) Fall as output increases
C) Is the same at all levels of output
D) Cannot be determined from the information given | None | null | null | null | null | null |
null | Which of the following is not a benefit derived from budgeting?
a) The budget fund provides assurance that cash will be available to meet budgeted expenditures.
b) The budget may provide advance warning of future economic problems.
c) The budget provides a yardstick for evaluation of managerial performance.
d) Mana... | a | null | null | null | null | null |
null | What is wrong with my calculation of the arc length of the curve $\vec{r}(t) = (\cos(3t), \sin(3t), 2t)$ for $0 \leq t \leq 2\pi$? My calculation yields $4\pi$, but the correct answer is $2\pi\sqrt{14}$. | None | null | null | null | null | null |
null | If {eq}r(t)=\left \langle te^{t}, \sqrt{t+1}, \frac{t}{\sqrt{1+t^2}} \right \rangle{/eq}, then find {eq}r'(t){/eq}. | None | null | null | null | null | null |
null | If the ECB increases the supply of euros, then in the short run the dollar will _____ against the euro.
A. depreciate
B. maintain its value
C. appreciate | None | null | null | null | null | null |
null | Use series to approximate the definite integral I to within an accuracy of \(|I - \bar{I_n}| \leq 0.0001\), where \(\bar{I_n}\) is the nth partial sum: \(I = \int_0^{\frac{1}{2}} e^{-x^4} dx\). | None | null | null | null | null | null |
null | Which of the following criteria are not required to be included in an award?
A. The criterion must be a necessary and reasonable basis for evaluating any proposal.
B. The criterion must be a required one for every proposal.
C. The criterion must be quantifiable.
D. All of the above. | None | null | null | null | null | null |
null | The ZZ Corporation has just paid a dividend of $4.2M. The expected growth of the company is 8% per year. The interest rate used for this type of corporation is 10%. Assume that there are 900,000 shares outstanding. What is the value of a share of stock in the ZZ Corporation? | $252.00 | null | null | null | null | null |
null | What is the flux through the right circular cone with a height of 2 m and a radius of 4 m when a magnetic field is given by B = 4x^3i + 5yj - 6zk? (Assume x = radius, z = height, and B is in teslas.) | None | null | null | null | null | null |
null | Assuming that returns from a particular investment are normally distributed, using the Excel NORMSDIST function, the probability of earning a return less than 30% is 20%, while the probability of earning a return greater than 50% is 10%.
What is the standard deviation of the returns?
a. 11.65%
b. 9.12%
c. 16.22%
d... | None | null | null | null | null | null |
null | A key measurement that should be considered before deciding on the financing plan is:
a. current ratio.
b. quick ratio.
c. profit margin.
d. earnings per share. | None | null | null | null | null | null |
null | Which of the following represents the variable cost for a firm?
A. total revenue minus fixed cost.
B. wage rate multiplied by number of workers employed.
C. price of the product times quantity of output minus fixed cost.
D. price of the product times quantity of output minus variable cost.
E. price of the product ... | None | null | null | null | null | null |
null | Timberlake-Jackson Wardrobe Co. (Timberlake-Jackson) reported the following information for 2015:
Sales$3,200,000
Cost of goods sold$1,940,000
Gross profit$1,260,000
Operating expenses$770,000
Depreciation expense$156,000
Operating income$314,000
Interest expense$20,000
Income before taxes$294,000
Income taxes expens... | None | null | null | null | null | null |
null | Sue invested $5,000 in the ABC Limited Partnership and received a 10 percent interest in the partnership. The partnership had $20,000 of qualified nonrecourse debt and $20,000 of debt Sue is not responsible to repay because she is a limited partner. Sue is allocated a 10 percent share of both types of debt, resulting i... | b | null | null | null | null | null |
null | Use Green's Theorem to evaluate the line integral of {eq}\displaystyle F(x,y)=(x^2-y)i+ (x^2+y^2)j
{/eq} over the annulus A, given by {eq}\displaystyle 4 \leq x^2 +y^2 \leq 25
{/eq}. Assume the field points in the counterclockwise direction. | None | null | null | null | null | null |
null | Consider a non-dividend-paying stock whose price follows a lognormal distribution. Suppose the current stock price is 20, and in three months it will be 24 or 17. The continuously compounded risk-free rate is 5%. The three-month European call option with a strike price of 21 has a price of (express your answer in two d... | None | null | null | null | null | null |
null | For a bond with a face value of $1,000 and a coupon rate of 4% paid semi-annually, find the market price given the following: yield-to-maturity is 6% and the bond matures in 20 years. | None | null | null | null | null | null |
null | Consider the following demand function:
Q = 150 - 2P
A linear approximation for this demand function in the $10-$12 price range is given by:
a) Q = 130 - 3.5P,
b) Q = 130 - 5P,
c) Q = 130 - 7.5P,
d) Q = 130 - 8P, | None | null | null | null | null | null |
null | For an ideal consumer, the optimal basket is the point of tangency of the highest attainable indifference curve and the budget line, because at that point:
a) marginal rate of substitution between good x and y equals the slope of the budget line
b) utility is maximized and the budget is exhausted
c) the consumer can... | None | null | null | null | null | null |
null | Suppose the U.S. is producing on its concave to the origin (bowed out) shaped production possibilities frontier (curve). The PPF is defined over capital goods and consumption goods. At its current point of production, the opportunity cost of 1 billion units of capital goods is 2 billion units of consumption goods. Supp... | D | null | null | null | null | null |
null | You believe that the risk-free rate is 3.1%, and you expect the market return to be 12.3%. Investment X has a beta of 1.37 and an expected return of 14%. Does this security have a positive or negative alpha?
---
Alpha _____ | None | null | null | null | null | null |
null | In a perfectly competitive market, which of the following statements is true?
a. Price equals the minimum average total cost in the long run.
b. Firms can earn positive economic profits in the short run.
c. In the long run, price equals the minimum of average variable cost.
d. All of the above are correct. | None | null | null | null | null | null |
null | Randle Company produces a variety of gardening tools and aids. The company is examining the possibility of investing in a new production system that will reduce the costs of the current system. The new system will require a cash investment of $3,095,550 and will produce net cash savings of $600,000 per year. The system... | None | null | null | null | null | null |
null | Mystical Solutions has a required return of 14 percent. Project A costs $56,000 and must be paid back in 4 years. There is no salvage value. How much will Mystical have to generate each year to accept this project?
A) $13,987
B) $19,388
C) $28,709
D) $30,277
E) $40,310 | None | null | null | null | null | null |
null | Convert to polar coordinates and evaluate {eq}\int \int \limits_R \sqrt{4 - x^2 - y^2} dA, where {eq}R = \{ (x, y) | y \geq 0, x \geq 0, x^2 + y^2 \leq 4 \}. | None | null | null | null | null | null |
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