Which of the following is applied when an American tourist exchanges dollars for the immediate receipt of Japanese yen at a Tokyo bank?
A) the forward rate
B) the spot rate
C) the discount rate
D) the prime rate
B
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A composite of the cost of various sources of funds comprising a firm's capital structure is its:
a. Internal rate of return (IRR). b. Weighted-average cost of capital (WACC). c. Book (accounting) rate of return. d. Modified internal rate of return (MIRR). e. Accounting rate of return (ARR), after tax.
An officer of Ajax Corporation, who is not a real estate licensee, successfully negotiated the purchase of the Smith Widget Plant on behalf of Ajax. The officer received a commission on the sale in addition to his normal salary. The officer of Ajax Corporation
A) did not need a real estate license for the deal. B) should have had a real estate license. C) is exempt from licensing requirements. D) none of these.