Firms that serve small segments not being pursued by other firms are called ________

Which term refers to the risk that interest income will decrease as maturing assets are replaced with new, more current assets?

A. Credit risk. B. Refinancing risk. C. Reinvestment risk. D. Liquidity risk. E. Sovereign risk.

Joe expects to receive a gift of $1,000 when he graduates one year from today. Joe can invest his gift at 6% compounded annually and he would like to use the funds in four years to purchase an engagement ring for Mabel

How much will he have in four years to spend on a ring? A) $1,191.02 B) $1,180.00 C) $1,200.00 D) $1,262.48 E) $1,175.00