1.Though the goal of a manager at a firm should be to maximize shareholder's value, there is a trend currently that more firms begin to take into account the interests of their shareholders, including staff, customers, suppliers, etc.

True

False

2.which of the following statements is correct about bond ratings?

a bond's credit rating does not change after issuance

b.the debt ratings are an assessment of the exposure to interest rate risk of the corporate issuer

c.credit ratings are not important because defaults really rarely occur

d.bond ratings are concerned only with the possibility of default.