An unexpected decrease in market interest rates will cause a:
A. coupon bond's current yield to increase.
B. zero coupon bond's price to decrease.
C. fixed-rate bond's coupon rate to decrease.
D. zero coupon bond's current yield to decrease.
E. coupon bond's yield to maturity to decrease.
Ans: E. coupon bond's yield to maturity to decrease.
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All of the following are opportunities to improve efficiency of the accounts payable function except
A) use blanket purchase orders. B) convert a manual AIS system to EDI and EFT. C) streamline noninventory purchases. D) use evaluated receipt settlement.
In order to understand a firm's current and anticipated financial position and needs, we must first:
A) understand overall economic conditions. B) understand the industry in which it operates. C) understand the strengths and weaknesses of the firm itself. D) All of t he above.