The text states, “inflation is a type of tax.” this tax refers to when inflation occurs.

a.
a special tax on taxpayers in order for the government to balance its budget

b.
a higher nominal interest rate of a typical loan

c.
the lower purchasing power of money

d.
a higher tax rate that the government must impose

Which stroke of the four-stroke cycle is shown in the above figure? a. power b. compression c. exhaust d. intake

Bonds often pay a coupon twice a year. for the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. using the values of cash flows and number of periods, the valuation model is adjusted accordingly. assume that a $1,000,000 par value, semiannual coupon us treasury note with three years to maturity has a coupon rate of 3%. the yield to maturity (ytm) of the bond is 7.70%. using this information and ignoring the other costs involved, calculate the value of the treasury note:

When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?