5 If the exchange rate for Canadian and US dollars is 082777 to 1, this implies that 3 Canadian dollars will buy ____ worth of US dollars
Select one: a $ 02759 b $082777 c $182777 d $248 e None of these
6 A bondholder that owns a $1,000, 10%, 10-year bond has:
Select one: a Ownership rights b The right to receive $10 per year until maturity c The right to receive $1,000 at maturity d The right to receive $10,000 at maturity e The right to receive dividends of $1,000 per year
7 Short-term investments:
Select one: a Are securities that management intends to convert to cash within the longer of one year or the current operating cycle, and are readily convertible to cash b Include funds earmarked for a special purpose such as bond sinking funds c Include stocks not intended to be converted into cash d Include bonds not intended to be converted into cash e Include sinking funds not intended to be converted into cash
8 Long-term investments:
Select one: a Are current assets b Include funds earmarked for a special purpose such as bond sinking funds c Must be readily convertible to cash d Are expected to be converted into cash within one year e Include only equity securities
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