Which of the following represents the equation that would be used to determine the yield to maturity of a corporate bond with a face value of $1000, price of $1100, coupon rate of 5%, and maturity in three years?

It is the responsibility of the Trading Desk at the Federal Reserve Bank of New York to implement policies in the form of

A) changes in the spread between the federal funds rate and the discount rate that are consistent with rules established by the twelve Federal Reserve bank presidents. B) variations in reserve requirements that are consistent with the announcements by the Chair of the Fed's Board of Governors. C) changes in foreign exchange rates that are consistent with policies established by the Secretary of the Treasury. D) buying or selling government securities that are consistent with the FOMC Directive.

Restructuring social security benefits might stimulate economic growth; however, we must consider the cost of this action, which is

a. adequate benefits for everyone except those who originally needed social security b. an increased burden on other social programs such as food stamps c. a reduction in saving d. a reduction in other governmental programs e. a movement of the production function to the left