What cash flows are relevant to the value of stock?
Why the Fed was initially established?
Suppose a firm's stock has a beta of 1.2. What will probably happen to the value of the stock if the market decreases by 20 percent?
Describe the likely consequences for GDP growth when the FOMC directs the trading desk at the New York Fed to sell Treasury securities.
Explain how STRIPs can be used to immunize portfolios against interest rate risk.
Why must the balance of payments always balance?
Why might consumer groups support government policies that maintain a "strong" U.S. dollar?
What are the four types of secondary markets?
What are the tax advantages of qualified private pension plans?
Why are life insurance and life annuities often described as opposites?
What are the largest asset categories on a life insurance company balance sheet?
If you had a 6 percent, $100,000, 15-year mortgage and you paid it as scheduled, how much interest would you pay in the first month of the sixth year on that mortgage? How much principal would you pay?