2529222
Descripción
Test por smjackson7, actualizado hace más de 1 año
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Creado por smjackson7
hace alrededor de 9 años
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Pregunta 1
Pregunta
A main disadvantage of owning equity rather than bond equity is that the holder is a residual claimant and the firm.
Respuesta
- True
- False
Pregunta 2
Pregunta
The firm must pay all its debt holders before it can pay its equity holders?
Respuesta
- True
- False
Pregunta 3
Pregunta
An advantage to holding is equity is that equity holders benefit directly from any increase in the corporation's profits or asset value.
Respuesta
- True
- False
Pregunta 4
Pregunta
Debit holders do not benefit in any increase in the corporation's profits or asset value because their payments are fixed.
Respuesta
- True
- False
Pregunta 5
Pregunta
A security is a financial instrument that is a claim on the issuer's future income or assets (or any financial claim or piece of property that is subject to ownership)?
Respuesta
- True
- False
Pregunta 6
Pregunta
Bond's account of 32% of all financial business external financing?
Respuesta
- True
- False
Pregunta 7
Pregunta
Stock - A security that is a claim on the earnings and assets of a corporation.
Respuesta
- True
- False
Pregunta 8
Pregunta
A bond is
Respuesta
-
a debt security that promises to make periodic payments for a specific period of time.
-
When a firm sells a bond, it is effectively borrowing from the public, instead of the bank.
-
is basically an IOU and it stipulates that when the corporation owes the bond's buyer a certain stream of payments til the bond matures - when the bond is paid off.
Pregunta 9
Pregunta
When you purchase stock, you're purchasing a partial ownership of the company.
Respuesta
- True
- False
Pregunta 10
Pregunta
Stocks are also called equities.
Respuesta
- True
- False
Pregunta 11
Pregunta
A main advantage of owning equity rather than bond equity is that the holder is a residual claimant.
Respuesta
- True
- False
Pregunta 12
Pregunta
A financial intermediary is
Respuesta
-
an institution that pools the savings of a LARGE number of households and channels it in the form of a loan to other households and firms
-
an institution that pools the savings of a SMALL number of households and channels it in the form of a loan to other households and firms
Pregunta 13
Pregunta
Financial intermediaries channels funds from lenders
Respuesta
-
= savers or investors
-
= dissavers or spenders
Pregunta 14
Pregunta
Financial intermediaries channel funds to borrowers
Respuesta
-
= dissavers or spenders
-
= savers or investors
Pregunta 15
Pregunta
Direct financing:
Respuesta
-
borrowers borrow directly from lenders through financial markets (debt, equity markets) by selling them securities (bonds, stocks)
-
borrowers borrow indirectly from lenders through financial intermediaries (commercial banks): bank loans
Pregunta 16
Pregunta
Indirect financing:
Respuesta
-
borrowers borrow indirectly from lenders through financial intermediaries (commercial banks): bank loans
-
borrowers borrow directly from lenders through financial markets (debt, equity markets) by selling them securities (bonds, stocks).
Pregunta 17
Pregunta
Benefits of well-function financial system
Respuesta
-
efficient allocation of resources
-
allows for the timing of purchases for what is desired at prferred times - thus improving the economic welfaire
Pregunta 18
Pregunta
The rate of return is defined as a payment to the owner plus the change in its value, expressed as a fraction of its purchase.
Respuesta
- True
- False
Pregunta 19
Pregunta
investment banks
Respuesta
-
not really banks, help companies raise funds by issuing new securities
-
accept deposits, make loans for a variety of purposes & some also deal in securities markets
Pregunta 20
Pregunta
Commercial Banks
Respuesta
-
not really banks, help companies raise funds by issuing new securities
-
accepts deposits, makes loans for variety of purposes & some deal in securities markets
Pregunta 21
Pregunta
Economic growth
Respuesta
-
Increase in real GDP, standards of living and productivity
-
Decrease in real GDP, standards of living and productivity
Pregunta 22
Pregunta
Present value
Respuesta
-
value of future dollars in terms of today's dollars
-
value of 1 dollar today in terms of dollars @ some future time
Pregunta 23
Pregunta
Yield to Maturity = interest rate that equates the PV of future cash flow payments to its price today
Respuesta
- True
- False
Pregunta 24
Pregunta
Because corporations do not actually raise any funds in secondary markets, secondary
markets are less important to the economy than primary markets are.”
Is this statement true, false, or uncertain?
Respuesta
- True
- False
Pregunta 25
Pregunta
Future value (FV)
Respuesta
-
value of 1 dollar today in terms of dollars @ some future time
-
value of future dollars in terms of today's dollars
Pregunta 26
Pregunta
If you suspect that a company will go bankrupt next year, which would you rather hold,
bonds issued by the company or equities issued by the company? Why?
Respuesta
-
Bonds issued by the company
-
Equities issued by the company
Pregunta 27
Pregunta
Is everybody worse off when interest rates rise?
Respuesta
-
Yes
-
No
Pregunta 28
Pregunta
Calculate the present value of a $1,000 discount bond with five years to maturity if the
yield to maturity is 6%
Respuesta
-
757.20
-
747.10
-
747.26
Pregunta 29
Pregunta
Money market instruments
Respuesta
-
are short-term securities whose maturity is less than 1 year
-
are securities whose maturity is greater than 1 year
-
undergo lease price fluctuations, and hence, are less risky than long-term instruments in general
Pregunta 30
Pregunta
Money Market Instruments (involving short-term securities ) include which of the following:
Respuesta
-
US Treasury bills (T-bills)
-
Negotiable Certificates of Deposits (CDs)
-
Commercial Papers (CPs)
-
Banker's acceptances
-
Repurchase agreements (Repos)
-
Federal funds (Fed funds) - interbank loans
-
Eurodollars (or Eurocurrencies)
Pregunta 31
Pregunta
Capital Market Instruments:
Respuesta
-
Instruments whose maturity is GREATER than 1 year
-
Instruments whose maturity is LESSthan 1 year
Pregunta 32
Pregunta
Capital Market instruments include:
Respuesta
-
Stocks
-
Corporate bonds
-
US government securities (T-Notes and T-Bonds)
-
US government agency securities: Ginnie Mae (GNMA), Fannie Mae (FNMA)
-
Mortgages and Mortgage-backed securities (MBS)
-
Bank loans: consumer loans
-
Foreign bonds vs. Eurobonds: international bond markets
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