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All else equal, if the market interest rate is greater than the coupon rate then the bond will be priced at _______________. Question 20 options:

All else equal, if the market interest rate is greater than the coupon rate then the bond will be priced at _______________.

Question 20 options:

1)

Par value

2)

A premium

Which of the following represents a grant of authority by a shareholder allowing another individual to vote that shareholder's shares?

Question 23 options:

1)

Call provision

2)

Dual vote

3)

Qualified vote grant

4)

Proxy

3)

A discount

4)

None of the options listed

Which of the following represent reasons that common stock is more difficult to value than a bond?

Question 21 options:

1)

Promised cash flows with common stock are not known in advance

2)

There is no way to easily observe the rate of return that the market requires

3)

Both of the options listed

4)

Neither of the options listed

With a normal distribution, the probability that we end up within one standard deviation of the average return is roughly _______________.

Question 22 options:

1)

33 percent

2)

68 percent

3)

95 percent

4)

99 percent

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