All of the following are characteristics of a bond except
A) the coupon payment is the interest payment on the bond.
B) a bond represents a promise to repay a fixed amount of funds.
C) bonds generally pay dividends each year.
D) the face value is repaid when the bond matures.
C
Economics
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Public goods are characterized by the:
a. free-rider problem. b. adverse selection problem. c. principal-agent problem. d. moral-hazard problem.
Economics
The reason for the merger of two businesses that sell unrelated goods but can share business practices and sales forces might best be explained by:
A. economies of scale. B. economies of scope. C. learning by doing. D. indivisible costs.
Economics