D'Anthony borrowed $50,000 today that he must repay in 15 annual end-of-year installments of

$5,000. What annual interest rate is D'Anthony paying on his loan?

A) 5.556% B) 33.33% C) 2.222% D) 3.333%

A

Business

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With semistrong-form market efficiency,

A) the price of a security in the market reflects all public information only. B) it would be possible to earn abnormally high returns by trading on public information. C) investors who have access to inside or private information will be unable to earn abnormal returns. D) None of the above.

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A(n) ________ is a formal settlement that outlines types of behavior that are and are not acceptable

A) mission statement B) code of ethical conduct C) internal control D) performance report

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