The further down the "corporate cash waterfall" you stand, the more risk you face of not receiving the money you expect or are promised.

Consider spot rates for three zero-coupon bonds:r(1)=3%,r(2)=4%,andr(3)=5%.Which statement is correct? The forward rate for a one-year loan beginning in one year will be:

A. less than the forward rate for a one-year loan beginning in two-years. B. greater than the forward rate for a two-year loan beginning in one-year. C. greater than the forward rate for a one-year loan beginning in two-years.

While a fad generates sales for only a short time period, an extended fad's residual sales can continue for a long time (but at a fraction of early sales)

Indicate whether the statement is true or false