Given its strategy, why was it vital for LTCM to have a high credit rating?
What will be an ideal response?
LTCM needed reliable borrowing sources from which to finance its on-balance-sheet
and off-balance-sheet positions. A high credit rating ensured this financing at the lowest possible rate.
Business
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The use of yellow-dog contracts was stopped by the:
A. federal courts. B. Sherman Act. C. Clayton Act. D. Railway Labor Act and the Norris LaGuardia Act.
Business
In 2001, Coca Cola reported net operating revenues of $20,092 million, gross profit of $14,048 million, operating income of $5,352 million, income before taxes of $5,670 million and net income of $2,183 million. Their net profit margin for 2001 is
A. 69.6% B. 10.9% C. 28.2% D. 26.6%
Business