What does the "carry trade" term mean?
A) Borrow in the domestic currency to earn only the higher yield of the dollar implied by the regression.
B) Borrow in the foreign currency to earn only the expected capital appreciation of the dollar implied by the regression.
C) Borrow in the domestic currency to earn both the higher yield and the expected capital appreciation of the dollar implied by the regression.
D) Borrow in the foreign currency to earn both the higher yield and the expected capital appreciation of the dollar implied by the regression.
Answer: D
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Which of the following inventory costing methods yields the highest cost of goods sold during a period of rising inventory costs?
A) specific identification B) weighted-average C) last-in, first-out D) first-in, first-out
Donald Walker is a dissident shareholder of the Meaker Corporation, which is listed on a national stock exchange. Walker is seeking to oust the existing board of directors and has notified the directors that he intends to sue them for negligence. Under the circumstances, Walker
A. Can be validly denied access to the corporate financial records. B. Can be legally prohibited from obtaining a copy of the shareholder list because his purpose is not bona fide. C. Must show personal gain on the part of the directors if he is to win his lawsuit. D. Can insist that the corporation mail out his proxy materials as long as he pays the cost.