Financial Plans That Focus on Projections No More Than a Year

question 50

True/False

Financial plans that focus on projections no more than a year or two in the future are known as strategic plans.

---

Definitions:

Yankee Bonds

Bonds issued in the United States by foreign governments or corporations and denominated in U.S. dollars.

Bulldog Bonds

Bonds issued in the United Kingdom by foreign entities in sterling, allowing those entities to raise capital from UK investors.

Coupon Bond

A debt security that pays interest to its holder through coupons at designated times until it matures, when the principal amount is repaid.

Par Value

The face value of a bond or a stock's stated value, as set forth in the corporate charter.