A firm chooses to finance a new plant by issuing money market securities ___________.
A. must incur the cost of issuing new securities to roll over its debt
B. runs the risk of having to pay higher interest rates when it rolls over its debt
C. incurs both the cost of reissuing securities and the risk of having to pay higher interest rates on the new debt
D. is more likely to profit if interest rates rise while the plant is being constructed
查看答案
The money market is the market for short-term securities, generally those mature in one year.
A. 对
B. 错
Which of the following is a contractual saving institution?
A life insurance company
B. A credit union
C. A savings and loan association
D. A mutual fund
Which of the following can be described as involving indirect finance?____________
A bank buys a U.treasury bill from one of its depositors
B. A corporation buys commercial paper issued by another corporation
C. A pension fund manager buys commercial paper in the primary market
D. Both A and C
The purpose of diversification is to ________________.
A. raise the volatility of a portfolio’s return
B. reduce the volatility of a portfolio’s return
C. reduce the average return on a portfolio
D. raise the average return on a portfolio
微信支付 
支付宝支付