If the treasury yield curve is downward sloping, how should the yield to maturity on a 10-year treasury coupon bond compare to that on a 1-year t-bill? a. the yield on a 10-year bond would be less than that on a 1-year bill. b. the yield on a 10-year bond would have to be higher than that on a 1-year bill because of the maturity risk premium. c. it is impossible to tell without knowing the coupon rates of the bonds. d. the yields on the two securities would be equal. e. it is impossible to tell without knowing the relative risks of the two securities.

Vulcan flyovers offers scenic overflights of mount st. helens, the volcano in washington state that explosively erupted in 1982. data concerning the company’s operations in july appear below: vulcan flyovers operating data for the month ended july 31 actual results flexible budget planning budget flights (q) 56 56 54 revenue ($350.00q) $ 16,500 $ 19,600 $ 18,900 expenses: wages and salaries ($3,300 + $91.00q) 8,354 8,396 8,214 fuel ($31.00q) 1,904 1,736 1,674 airport fees ($870 + $35.00q) 2,730 2,830 2,760 aircraft depreciation ($11.00q) 616 616 594 office expenses ($240 + $1.00q) 464 296 294 total expense 14,068 13,874 13,536 net operating income $ 2,432 $ 5,726 $ 5,364 the company measures its activity in terms of flights. customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. required: 1. prepare a flexible budget performance report for july that includes revenue and spending variances and activity variances.

Aminor has the legal right to repudiate

What is the correct percentage of texas teachers charged with ethics violations each year?