A(n) ________ is a paid individual, corporation, or a commercial bank trust department that acts as...
Homework Answers
The bond issuer is the borrower, who seeks to borrow money from the bond holder by the issuing of bonds.
So, this cant be the answer.
Bond rating agencies are companies that assess the creditworthiness of both debt securities and their issuers.
So, this cant be the answer.
Investment bankers are essentially corporate financial advisors who help companies manage the process of raising financing for their activities.
So, this cant be the answer.
A bond trustee is hired by a bond issuer and oversees the implementation of a bond or trust indenture, which is a contract between a bond issuer and a bondholder.
The answer is: D. Trustee
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A(n) ________ is a paid individual, corporation, or a
commercial bank trust department that acts as...
22- Which of the following statements is most correct? a. A venants in mortgage bond is one that allows the same assets to be used as security in future bond issues. b. Covenants in a trust indent...
22- Which of the following statements is most correct? a. A venants in mortgage bond is one that allows the same assets to be used as security in future bond issues. b. Covenants in a trust indenture restrict or limit the actions the firm c c. Retractable bonds can be redeemed prior to maturity by the firm. d. All of the above are correct. 23-Wh a. Setting reserve requirements b. Altering the discount rate, c. Through federal open market operations...
Cost of commercial paper Commercial paper is usually sold at a discount. Fan Corporation has just...
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Thank you!
Cost of commercial paper Commercial paper is usually sold at a discount. Fan Corporation has just sold an issue of 92-day commercial paper with a face value of $1.2 million. The firm has received initial proceeds of $1,176,121. (Note: Assume a 365-day year) What effective annual rate will the firm pay for financing with commercial paper, assuming that it is rolled over every 92 days throughout the year? b. If a brokerage fee...
A Theory Y type Manager Select one: A. Acts in a way that communicates trust and...
A Theory Y type Manager Select one: A. Acts in a way that communicates trust and a belief in staff member's good intentions B. Avoids staff involvement C. Shows that Employee creativity is minimal D, Demonstrates that Staff consensus and agreement are not necessary in the work practice.
1.) A government establishes an Investment Trust Fund. During the year, it receives $500,000 from other...
1.) A government establishes an Investment Trust Fund. During the year, it receives $500,000 from other separate legal entities to invest. The Investment Trust Fund should report this activity in the statement of changes in net assets as Select one: a. Revenues b. Other financing sources c. Additions d. Should not be reported 2.) A government receives a bequest of $300,000 to establish an endowment fund whose income is to be used to support scholarships for local high school students....
Match the following terms to the explanation provided. Hedge Fund Credit Union Commercial Bank Financial services...
Match the following terms to the explanation provided. Hedge Fund Credit Union Commercial Bank Financial services corporation Common Stock US Treasury Bills Bankers' Acceptances Preferred Stock Certificate of Deposit Commercial Paper Bond Mutual Fund A Ownership of a large corporation by another company investor B Investment with a set maturity date offered by commercial bank C Short term debt negotiated among commercial banks D Pooling of sophisticated investor funds to invest contrary to markets E Financial services company providing loans...
A debt instrument indicating that a corporation has borrowed a certain amount of money and promises...
A debt instrument indicating that a corporation has borrowed a certain amount of money and promises to repay it in the future under clearly defined terms is called a(n) ________. Select one: a. common stock b. preferred stock c. trustee d. corporate bond
1.... Why might a corporation want to split its stock? Select one: A. To avoid sending...
1.... Why might a corporation want to split its stock? Select one: A. To avoid sending a message to current and prospective investors B. To lower the stock price to a more popular trading range C. To assist in the takeover of another firm D. None of these answers is correct 2.... When it comes to making cash dividend payments, most U.S. corporations: Select one: A. Desire to frequently change the amount of dividends being paid B. Prefer decreasing dividend...
Consider the image above involving swaps between a commercial bank, a life insurance company and a...
Consider the image above involving swaps between a commercial
bank, a life insurance company and a swap dealer. The letter "A"
represents,
Options:
a.
Floating rate cash flows
b.
Fixed rate Cash Flow
The life insurance company will (choose two)
Options:
a.
Pay fixed cash flows to the swap dealer.
b.
Pay floating Cash Flows to the swap dealer.
c.
Receive fixed cash flows from the swap dealer.
d.
Receive floating cash flows from the swap dealer.
The commercial bank...
1. Dividents paid by a corporation can reduce the taxable income of the corporation. Select one:...
1. Dividents paid by a corporation can reduce the taxable income of the corporation. Select one: True False 2. You have an 10% semiannual pay bond with face value of $1,000 that matures in 8 years. if the yield is $11% what is the price of this bond? select one: a) $947.69 b) $997.69 c) $957.69 s) $ 977.69
A smaller bank specializing in consumer-oriented banking services is called a(n) __________________. A. community bank B. ...
A smaller bank specializing in consumer-oriented banking services is called a(n) __________________. A. community bank B. money center bank C. central bank D. FDIC E. superregional bank 7. The difference between a commercial bank’s average rate earned on loans and its average rate paid on deposits is called the: A. charge-off rate. B. net operating income. C. return on assets. D. money market rate. E. interest rate spread. 8. Measured by asset size, _________________________ represent the largest group of depository...
22- Which of the following statements is most correct? a. A venants in mortgage bond is one that allows the same assets to be used as security in future bond issues. b. Covenants in a trust indenture restrict or limit the actions the firm c c. Retractable bonds can be redeemed prior to maturity by the firm. d. All of the above are correct. 23-Wh a. Setting reserve requirements b. Altering the discount rate, c. Through federal open market operations...
Need help solving this one.
Thank you!
Cost of commercial paper Commercial paper is usually sold at a discount. Fan Corporation has just sold an issue of 92-day commercial paper with a face value of $1.2 million. The firm has received initial proceeds of $1,176,121. (Note: Assume a 365-day year) What effective annual rate will the firm pay for financing with commercial paper, assuming that it is rolled over every 92 days throughout the year? b. If a brokerage fee...
Consider the image above involving swaps between a commercial
bank, a life insurance company and a swap dealer. The letter "A"
represents,
Options:
a.
Floating rate cash flows
b.
Fixed rate Cash Flow
The life insurance company will (choose two)
Options:
a.
Pay fixed cash flows to the swap dealer.
b.
Pay floating Cash Flows to the swap dealer.
c.
Receive fixed cash flows from the swap dealer.
d.
Receive floating cash flows from the swap dealer.
The commercial bank...
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