Some states impose an estate tax equal to the credit allowed for state death taxes on the federal estate tax return if it is required to be filed. It is also known as a _____ tax.

The spot exchange rate for Indian Rupees is Rs 44/$. The one-year forward exchange rate is Rs 46/$ and the one-year U.S. interest rate is 5%. What is the implied one-year interest rate in India?

A) 8.56% B) 9.24% C) 9.77% D) 10.24%

Which of the following trends can be unfavorable from the viewpoint of a bondholder?

a. The issuing company's debt ratio is steadily declining. b. The issuing company's interest coverage ratio is steadily rising. c. Market interest rates are steadily rising. d. The issuing company's net cash flow from operating activities is steadily increasing.