525)Which one of the following states that investors cannot consistently earn positive excess returns? a)market return hypothesis b)current market hypothesis c)efficient market hypothesis d)risk-return theory e)excess theory
26)Which one of the following terms is defined as debt issued without specific collateral pledged as security?
27)Assume that a large corporation, such as General Electric, needs money in the short-term. Which one of the following securities is that corporation most likely to issue to meet this need?
28)A $5,000 face value bond is quoted at a bank discount yield of 2.8 percent. What is the current value of the bond if it matures in 36 days?
29)A premium bond is defined as a bond that: a)has a duration that is less than 1.0. b)has a face value that exceeds its market value. c)is callable at a price which exceeds the face value. d)has a market price that exceeds par value. e)is selling for less than face value.
30)Which of the following is a legal contract that outlines the precise terms between the issuer and the bondholder?