A key reason tht the stock market crash of 1987 was so large was the increased...
A key reason tht the stock market crash of 1987 was so large was the increased use of ____________ provoked the use of __________.
Select one:
a. a. computers and program trading; circuit breakers
b. b. computers; margin requirements
c. c. poor expectations; better asset information
d. d. human error; margin requirements
The yield to maturity is the __________ that equalizes the present value of payments from a bond to its __________.
Select one:
a. a. interest rate; face value
b. b. interest rate; current price
c. c. coupon payment; face value
d. d. time; interest rate
Homework Answers
A key reason that the stock market crash of 1987 was so large was the increased use of a. computers and program trading provoked the use of circuit breakers
Answer is thus:
a.computers and program trading; circuit breakers
The yield to maturity is the interest rate that equalizes the present value of payments from a bond to its current price
Answer is thus:
b.interest rate; current price
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