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1. The primary purpose of bond covenants is to protect the:

a. general public

b. lender

c. borrower

d. bond issuer

e. firm's employees

2. The price of a stock at year 5, where "R" is equal to the required rate of return, can be expresses as:

a. P0 x g5

b. D0 x (1+R)5

c. P1 x (1+R)5

d. D6 / (R-g)

e. D5 / (R-g)

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92758281

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