Ivis is 60 years old and realizes that his reading speed and eyesight are not as robust as they were when he was younger. he still enjoys participating in a book club, which requires a new book to be read every week. so ivis now listens to the books on tape. ivis is using in order to participate in the book club.

If a bond is issued at a premium the effective interest rate is most likely

Specialization—the division of labor—enhances productivity and efficiency by a) allowing workers to take advantage of existing differences in their abilities and skills. b) avoiding the time loss involved in shifting from one production task to another. c) allowing workers to develop skills by working on one, or a limited number, of tasks. d)all of the means identified in the other answers.

Security a has a higher standard deviation of returns than security b. we would expect that: (i) security a would have a risk premium equal to security b. (ii) the likely range of returns for security a in any given year would be higher than the likely range of returns for security b. (iii) the sharpe ratio of a will be higher than the sharpe ratio of b. (a) i only (b) i and ii only (c) ii and iii only (d) i, ii and iii