1. The research done by Ikenberry, Lakonishok, and Vermaelen supports the argument that mangers:
effectively time IPOs but not SEOs.
can effectively time stock sales but not repurchases.
cannot effectively time either stock sales or repurchases.
cannot effectively time IPOs.
effectively time stock repurchases.
2. The spot rate for the Singapore dollar is $.588. The 30-day forward rate is $.590. The forward rate contains an annualized ____ of ____ percent.
a. ?discount; -4.07
b. ?premium; 3.40
c. ?discount; -4.08
d. ?premium; 4.08
e. ?premium; 4.07