Stocks and bonds are similar in the sense that
a. both are sold initially in primary markets and then traded in secondary markets
b. both are means of providing firms with the means of financing capital expenditures
c. their prices are both perceived as signals of a firm's performance by management
d. their values can both be calculated by discounting future payments to obtain a present value
e. all of the above
E
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In the above figure, suppose that the government sets a limit that may be produced of 10 units of output and the price rises to $4. In comparison to a competitive market the producer surplus would rise by
A) $0. B) $5. C) $15. D) $20.
The 100 largest U.S. firms currently control
a. about half of all manufacturing assets in the United States, which represents a decrease since World War II b. about half of all manufacturing assets in the United States, which represents an increase since World War II c. about half of all manufacturing assets in the United States, which represents no change since World War II d. about 40 percent of all manufacturing assets in the United States, which represents a decrease since World War II e. about 40 percent of all manufacturing assets in the United States, which represents an increase since World War II