Treasury and agency bonds are traded in increments of

• A.1/32 of a percent of par value.
• B.1/32 of a dollar.
• C.1/8 of a dollar.

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Successful companies generate the largest percentage of their sources (inflows) of cash in the long run from:

• A.Operating activities
• B.Investing activities
• C.Financing activities

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Asset revaluation can improve:
I). leverage such as asset/debt ratio.
II). profitability such as ROE
III). cash flows such as CFO.

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

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A consistent estimator is an estimator

• A.where the expected value of the estimate equals the population parameter.
• B.where no other unbiased estimator of the same parameter has a sampling distribution with smaller variance.
• C.for which the probability of accurate estimates increases as sample size increases.

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Which condition in general gives industry participants more pricing power?

• A.Overcapacity industry.
• B.Concentrated industry.
• C.Industry with low entry barriers.

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