Short corp just issued bonds that will mature in 10 years, and long corp issued bonds that will mature in 20 years. both bonds promise to pay a semiannual coupon, they are not callable or convertible, and they are equally liquid. further assume that the treasury yield curve is based only on the pure expectations theory. under these conditions, which of the following statements is correct?

(a) if the yield curve for treasury securities is flat, short's bond must under all conditions have the same yield as long's bonds.

(b) if the yield curve for treasury securities is upward sloping, long's bonds must under all conditions have a higher yield than short's bonds.

(c) if long's and short's bonds have the same default risk, their yields must under all conditions be equal.

(d) if the treasury yield curve is upward sloping and short has less default risk than long, then short's bonds must under all conditions have a lower yield than long's bonds.

(e) if the treasury yield curve is downward sloping, long's bonds must under all conditions have the lower yield.

Onsider the following subscription behavior information from genie, a web site that provides tools for constructing a family tree (ancestor search). subscriptions cost $9.99 per month, but you are charged for the entire year at the time of purchase. there is a one-year minimum term when you sign up for the service. once purchased, subscriptions are set to renew automatically unless the subscriber cancels them. when a membership renews, it renews for a one-year term and again you are charged for the entire year. there are no variable costs associated with providing this service to an individual customer, but genie does engage in customer relationship activities that they believe will increase customer retention. these customer relationship activities cost genie about $10 per year per customer. based on a sample of 1000 customers that joined genie five years ago, near the time when the company was founded, they were able to determine how many of those customers remained subscribers in the second year, third year etc. based on this information, genie calculated the average annual retention rate to be 20%. genie uses an annual discount rate of 8%. a. last year, genie spent $10,000 placing advertisements on google. genie management believes that these advertisements were responsible for about 300 new subscribers. would you recommend to genie management that they purchase more google ads? b. suppose a newly-introduced loyalty program increases the number of customers that remained to 30%. does this new data change your answer to 9.a? c. do you have any hesitations or concerns about making recommendations to management based on your above estimate of customer lifetime value?

Using a cps-sample of 7,440 individuals, you estimate the following regression: = 20.91 - 2.61 x female where female is a binary variable that takes on the value of 1 for females and is 0 otherwise. the standard error on the coefficient on female is 0.25. the 95% confidence interval for the gender wage gap, or the amount that females earn less, is: a) [-3.10, -2.12] b) [18.30, 23.52] c) [-3.02, -2.20] d) [-1.96, -1.64]

How many months does the federal budget usually take to prepare