Accounting
Anthropology
Archaeology
Art History
Banking
Biology & Life Science
Business
Business Communication
Business Development
Business Ethics
Business Law
Chemistry
Communication
Computer Science
Counseling
Criminal Law
Curriculum & Instruction
Design
Earth Science
Economic
Education
Engineering
Finance
History & Theory
Humanities
Human Resource
International Business
Investments & Securities
Journalism
Law
Management
Marketing
Medicine
Medicine & Health Science
Nursing
Philosophy
Physic
Psychology
Real Estate
Science
Social Science
Sociology
Special Education
Speech
Visual Arts
Question
Suppose you want to convert U.S. dollars to Indian rupees. If you have $120,000 and the exchange rate is $0.0159 per rupee, how many rupees (in millions) will you receive in the conversion?A. 6.28 million
B. 6.67 million
C. 7.12 million
D. 7.53 million
E. 7.88 million
Answer
This answer is hidden. It contains 70 characters.
Related questions
Q:
What are the advantages and the disadvantages of a homeowner selecting a 30-year mortgage rather than a 20-year mortgage?
Q:
The CPR for an unseasoned 100 PSA mortgage is 4.5 percent. What is the single monthly mortality?
A. 0.3557 percent
B. 0.3635 percent
C. 0.3752 percent
D. 0.3830 percent
E. 0.3986 percent
Q:
You have a 25-year mortgage at 5 percent interest. The initial loan amount was $250,000. By how much did the principal decrease over the first 10 years of the loan? Payments are made monthly.
A. $61,345
B. $64,580
C. $65,189
D. $66,453
E. $68,618
Q:
Ten years ago, you borrowed $165,000 for 25 years at 7.5 percent interest. What is the current principal balance, assuming payments are made monthly?A. $112,200B. $131,534C. $138,314D. $140,362E. $147,414
Q:
Which one of the following is correct concerning the total payment amount on a PO strip?A. The total payment amount equals the bond's par value.B. The total payment amount will either equal or exceed the bond's par value.C. The total payment will vary based on the PSA schedule.D. The total payment amount will increase if interest rates decline.E. The total payment amount will vary if the prepayment rate varies.
Q:
Which one of the following statements regarding an original issue $25,000 GNMA bond is correct?
A. The investor will receive $25,000 as a principal payment at maturity.
B. The investor will receive fixed quarterly interest payments.
C. The investor will receive the future value of $25,000 at maturity.
D. The investor will receive payments totaling $25,000 over the life of the bond.
E. The investor should receive more than $25,000 but the amount of each payment is unknown in advance.
Q:
Mortgage prepayments are generally a(n) ______ to the mortgage borrower and a(n) ____ to the mortgage investor.
A. advantage; advantage
B. advantage; disadvantage
C. disadvantage; advantage
D. disadvantage; disadvantage
E. advantage; neutral event
Q:
Briefly outline and discuss Porter's Five Forces and their use.
Q:
If the nominal GDP was reported at $133.2 billion and real GDP was reported at $129.8 billion, what was the inflation rate for the period?
A. 1.59%
B. 1.94%
C. 2.32%
D. 2.62%
E. 2.88%
Q:
If wages grew 3.15 percent in 2013, but inflation was 2.75 percent, what was the approximate real increase in wages?
A. 0.10%
B. 0.20%
C. 0.30%
D. 0.40%
E. 0.50%
Q:
Assume there are 475 million people in the United States, 175 million of which make up the labor force. If 16 million are unemployed, what is the unemployment rate?
A. 8.35%
B. 9.14%
C. 10.91%
D. 11.05%
E. 11.74%
Q:
An analyst gathered the following year-end price level data for an economy. What is the economy's annual inflation rate for 2012?A. 3.22%B. 3.42%C. 3.68%D. 3.87%E. 3.92%
Q:
Assume the inflation rate in 2012 is 2.1 percent. If the nominal GDP grew 3.2 percent and nominal wages grew 2.6 percent, what are the approximate real growth rates of GDP and wages?
A. 1.00%; 0.40%
B. 1.05%; 0.50%
C. 1.10%; 0.50%
D. 1.10%; 0.60%
E. 1.15%; 0.60%
Q:
Consider the following information on GDP and CPI for an economy over the last 3 years. Calculate nominal GDP growth for 2012.A. 2.15%B. 2.56%C. 2.95%D. 3.15%E. 3.32%
Q:
Suppose you are a U.S. investor who is planning to invest $350,000 in China. Your Chinese investment gains 8 percent. If the exchange rate moves from 6.09 Yuan per dollar to 6.12 per dollar over the period, what is your total return on this investment?
A. 6.55%
B. 6.71%
C. 6.98%
D. 7.29%
E. 7.47%
Q:
You invest $150,000 in Japan at a starting exchange rate of 100.20/$. Your Japanese investment gains 6 percent, and the ending exchange rate is 101.35/$. What is your total return on this investment?
A. 3.90%
B. 4.10%
C. 4.60%
D. 4.80%
E. 5.00%
Q:
Which sector has a high sensitivity to the business cycle?
A. defensive
B. offensive
C. lagging
D. cyclical
E. leading
Q:
The short-term rate at which banks lend to each other is called the ______.
A. Fed Funds Rate
B. Federal Reserve Rate
C. Discount Rate
D. Federal Loan Rate
E. Reserve Loan Rate
Q:
Which of the following interest rates is directly controlled by the Federal Reserve?
A. the fed funds rate
B. the discount rate
C. the prime rate
D. mortgage rates
E. credit card rates
Q:
Which index measures the average prices paid by urban consumers for a basket of consumer goods and services?
A. Urban Inflation Index (UII)
B. Price Inflation Index (PII)
C. Urban Consumer Index (UCI)
D. Consumer Inflation Index (CII)
E. Consumer Price Index (CPI)
Q:
Which of the following reflects the dollar value of economic output in terms of the current year?
A. current year GDP
B. real GDP
C. nominal GDP
D. adjusted GDP
E. actual GDP
Q:
Which of the following is NOT considered in the first filter or phase of top-down analysis?
A. Domestic spending
B. Fiscal policy
C. Business cycles
D. Monetary Policy
E. Economic indicators
Q:
A corporate bond is yielding 6.8 percent and a municipal bond is yielding 4.75 percent. What is the critical marginal tax rate?
A. 28 percent
B. 30 percent
C. 33 percent
D. 35 percent
E. 38 percent
Q:
Municipal bonds are yielding 4.4 percent if they are insured and 4.7 percent if they are uninsured. Your marginal tax rate is 28 percent. Your equivalent taxable yield on the insured bonds is _____ percent and on the uninsured bonds is _____ percent.
A. 5.89; 6.27
B. 6.11; 6.53
C. 6.31; 6.81
D. 6.67; 7.10
E. 6.76; 7.10
Q:
You have a marginal tax rate of 32 percent and an average tax rate of 28 percent. Municipal bonds in your area are yielding 4.25 percent. What is your equivalent taxable yield?
A. 5.16 percent
B. 5.93 percent
C. 5.13 percent
D. 6.25 percent
E. 6.47 percent
Q:
The Federal Reserve is offering Treasury bills with a par value of $10 billion for sale. They have received $3 billion of noncompetitive bids. The competitive bids for a $10,000 par value bond are: (Qty in billions) How much money will the Federal Reserve raise from this offering?
A. $9.92 billion
B. $9.88 billion
C. $9.85 billion
D. $9.84 billion
E. $9.80 billion
Q:
A Treasury bond matures in 13 years, has a 5.25 percent coupon, and a quoted price of 98:01. What is the yield to maturity?A. 5.25 percentB. 5.34 percentC. 5.46 percentD. 5.55 percentE. 5.68 percent
Q:
A Treasury bond has a quoted bid price of 100:10 and a quoted ask price of 100:11. What is the amount you will receive if you sell your bond that has a par value of $20,000?
A. $20,016.00
B. $20,050.00
C. $20,062.60
D. $20,100.08
E. $21,600.00
Q:
Slater Mines just called its outstanding bonds at a call price of $1,025. The bonds have a conversion price of $33.33 and a par value of $1,000. The stock price is currently $33.10. In response to this call, the bondholders should _____ because _____.
A. accept the call; the call price exceeds the conversion value
B. accept the call; they have no other choice
C. convert their bonds; the conversion price exceeds the par value by $37.90
D. convert their bonds; the conversion price exceeds the call price by $12.90
E. elect to continue holding their bonds; they want to continue receiving the interest payments
Q:
A bond has a par value of $1,000 and a market price of $1,087.20. The conversion price is $40 and the stock price is $41.75. What is the conversion value?
A. $1,043.75
B. $1,250.00
C. $1,481.10
D. $1,500.00
E. $1,652.00