Bond that has been issued in very recent timing is classified as_______?
B. Earning issue
C. New issue(Correct)
D. Recent issue
		A. Cost of salvage
B. Cost of interest
C. Cost of taxation
D. Cost of capital
		A. Interest rate-tax savings
B. Marginal tax-required return
C. Interest rate + tax savings
D. Borrowing cost + embedded cost
A. negative
B. zero
C. positive
D. independent
		A. Last in first out
B. Last out receivable
C. First out receivable
D. First in first out
Which of the following is measured by profit margin?
		A. Operating efficiency
B. Asset use efficiency
C. Financial policy
D. Dividend policy
Profit margin ratio is calculated to determine how efficiently the business is generating cash from operations (below taxes and interest).
		A. Average cost of capital
B. Mean cost of capital
C. Weighted cost of capital
D. Weighted average cost of capital