Stated interest rate under ________ is adjusted periodically within stated limits in response to changes in specified money market or capital market rates
A) junk bonds
B) floating rate bonds
C) extendible notes
D) putable bonds
B
Business
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Under what circumstances would a firm engage in share repurchases rather than increasing dividends?
a. If the firm has excess free cash flow that management expects will continue indefinitely. b. If the firm has excess free cash flow that management expects will be only temporary. c. If shareholders are in a lower tax bracket for dividends than for realized capital gains.
Business
The required return defines the yield at which a bond should be trading and serves as the discount rate in the bond valuation process
Indicate whether the statement is true or false.
Business