A one-year zero-coupon bond yields 4.0%. The two- and three-year zero-coupon bonds yield 5.0% and 6.0% respectively. The forward rate for a one-year loan beginning in two years is closest to:
A. 6.0%
B. 7.0%
C. 8.0%
Answer: C. 8.0%
Business
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The Uniform Commercial Code’s _____ articles set out the laws on the sales of goods, leases, negotiable instruments and other secured transactions.
A. 11 B. 15 C. 20 D. 25
Business
Regarding consumer media use, which of the following is true of the mass media in the 21st century?
A) It has grown obsolete in the face of the Internet. B) It is useful only for selling products. C) Print has lost significant ground to broadcast and cable. D) Although it is still important, social media is the new lead voice.
Business