Which one of these patterns is not a continuation pattern?

• A.Flag.
• B.Rectangle.
• C.Double top.

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Jackie Gold owned a bond that had a Modified duration of 19.400. If the bond had a coupon of
19.00 %, and a yield to maturity of 8.50 %, then what is the change in bond price given a change in yield of - 290 basis points?

• A.33.756%
• B.-14.741%
• C.56.260%

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The major differences between a warrant and a call option are:
I). Warrants are contracts outside of the firm while options are within the firm
II). Warrants have long maturities while options are usually short maturities
III). Warrant exercise dilutes the value of equity while option exercise does not

• A.I and II.
• B.I and III.
• C.II and III.

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Which of the following could lead to a rise in receivable days as calculated from the financial statements?

• A.Increase in the selling price of the firm's product
• B.Unexpected, large one-time credit sales at the end of the financial year
• C.Introduction of discounts on early payment

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In the short run, the unemployment rate ____________ the natural unemployment rate.

• A.is always above.
• B.can fall below or rise above.
• C.is always below.

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