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1. The value of a country's currency may increase by
A. continuous excessive government spending.
B. a stock market rally in that country.
C. an increase in that country's money supply.
D. more than one of the above.
2. Buchanan Corp. is refunding $10 million worth of 10% debt. The new bonds will be issued for 8%. The corporation's tax rate is 35%. The call premium is 9%. What is the net cost of the call premium?
A. $390,000
B. $1,080,000
C. $585,000
D. $702,000
Peter Lynchpin wants to sell you an investment contract that pays equal $13,300 amounts at the end of each of the next 23 years. If you require an effective annual return of 8 percent on this investment, how much will you pay for the contract today?
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Construct a price-weighted index for these three stocks, and compute the percentage change in the index for the period from T to T + 1.
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