Question
Which of the following is not an illiquid asset used as backing for bonds? inventory music royalties ticket sales to sporting events credit card receipts
Which of the following is not an illiquid asset used as backing for bonds?
inventory
music royalties
ticket sales to sporting events
credit card receipts
The current market price of a company's shares is $10. The company is planning to make a 1 for 10 rights issue at a subscription price of $8. You hold 50 shares at the time the rights issue is to be made. If you exercise your rights, what is the total number of shares you will now own?
55
500
51
60
AG Financial Limited recently advertised the following claim: Invest your money with us at 21%, compounded annually, and we guarantee to double your money sooner than you imagine. Ignoring taxes, how long would it take to double your money at a nominal rate of 21%, compounded annually? Round off to the nearest month.
Approximately 3 and half months.
Approximately three years and 5 months.
Approximately four years.
Approximately three years and 4 months.
None of the above.
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