What are the three central characteristics of opportunity?
A) size of the market,level of disposable income of the customer,and access to manufacturing B) niche appeal,degree of innovation,and knowledge of market C) affordability,simplicity,and reliability D) potential economic value,novelty or newness,and perceived desirability
The words "without recourse" on an indorsement means the indorser is:
A) liable personally,but not other parties. B) not liable for any problems associated with the instrument. C) not liable if the instrument is dishonored. D) liable for only up to fifty per cent of the loss.
You are considering investing in a developing-country bank account that pays a nominal annual rate of 18%,compounded monthly.If you invest $5,000 at the beginning of each month,how many months will it take for your account to grow to $250,000? Round fractional years up.
A bond has a current market value of $800. The holder of the bond will receive a single payment of $1,000 one year from now. The interest rate is 10 percent. The effective yield on the bond is:
A) $200. B) 10 percent. C) 25 percent. D) negative. E) The yield cannot be determined with the information provided.