1. The shareholders of XYZ Company have cumulative voting rights. The company is planning to elect 3 directors. You are one of the candidates. If you have 1,000 shares, how many votes can you cast for yourself?
A. None – you cannot vote for yourself.
B. 1 vote
C. 1,000 votes
D. 3,000 votes
E. None of the above
2. If the expected path of one-year interest rates over the next five years is 2 percent, 4 percent, 1 percent, 4 percent, and 3 percent, then the pure expectations theory predicts that the bond with the highest interest rate today is the one with a maturity of?:
A) 4 years
B) 3 years
C) 2 years
D) 5 years
E) 1 year