Madam C. J. Walker was
a. the first black female millionaire.
b. the first successful minority entrepreneurs.
c. initially successful, but eventually declared bankruptcy.
d. all of the above.
a
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Which of the following statements is FALSE?
A) The holder of a callable bond faces reinvestment risk precisely when it hurts: when market rates are lower than the coupon rate she is currently receiving. B) When yields have risen, the issuer will not choose to exercise the call on the callable bond. C) The issuer will exercise the call option only when the prevailing market rate exceeds the coupon rate of the bond. D) A callable bond is relatively less attractive to the bondholder than the identical non-callable bond.
How is the Expected Value of Perfect Information (EVPI) calculated?
A) the sum of the EMV with perfect information (assumed at no cost) and the EMV without any information B) the EMV without any information (assumed at no cost) minus the EMV with perfect information C) the EMV with perfect information (assumed at no cost) divided by the EMV without any information D) the EMV with perfect information (assumed at no cost) minus the EMV without any information