1. Which one of the following best describes the top priority for a financial manager?

	A.	Maximize the current accounting profits by utilizing the most favorable accounting methods.
	B.	Minimize the level of inventory held by the firm.
	C.	Maximize the net working capital of the firm.
	D.	Maximize the current value per share of the existing stock.

2. A bond is currently trading below par. Which of the following must be true about that bond?

	A.	The bond's yield to maturity is less than its coupon rate.
	B.	The bond is a zero-coupon bond.
	C.	The bond's yield to maturity is greater than its coupon rate.
	D.	B and C above.