Any bond that is backed by the pledge of collateral is known as what type of bond?
A) Collateralized
B) Secured
C) Recalled
D) Sinking
E) Agency
Answer: B
Business
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The beta of Elsenore, Inc., stock is 1.6, whereas the risk-free rate of return is 8 percent. If the expected return on the market is 15 percent, then what is the expected return on Elsenore?
A) 11.20% B) 19.20% C) 24.00% D) 32.00%
Business
The corporation that _________ the other in a merger absorbs all the rights, privileges and powers of the other and all property and assets w/o the need of a formal transfer.
Fill in the blank(s) with the appropriate word(s).
Business