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NEW QUESTION: 1
A 'consol' is a perpetual bond issued by the UK government. Its running yield is 5%. What is its duration?
A. Infinity
B. 25 years
C. 5 years
D. 20 years
Answer: D
Explanation:
Explanation
The duration of a perpetuity is 1/running yield. Therefore the correct answer is 1/.05 = 20 years

NEW QUESTION: 2
President Johnson acknowledged a public leader's need and desire to say the right words at the right time to the public.
How could television reporting cause television viewers to misunderstand a president's speech?
A. by asking questions about current issues addressed in the speech
B. by airing an instant replay of the speech
C. by showing certain parts of the speech out of context
D. by airing the speech live
E. by providing commentaries by experts after the speech
Answer: C

NEW QUESTION: 3
Which of the following is trueabout a browser-based application?
A. It is generally faster than a native application
B. It is portable to any device that can run the supported browser
C. It runs on the device
D. It is designed to exercise capabilities of a particular device
Answer: B
Explanation:
Explanation
C is correct. Since the application is running through the browser, if devices supports that browser it should work on the device. This makes the application very portable. A and B are characteristics of native applications. D is incorrect because native applications are generally faster.