According to a 2002 Survey Completed by the Bureau of National

question 38

Multiple Choice

According to a 2002 survey completed by the Bureau of National Affairs, ___% of all contracts are 5 years in length.

• A) 9
• B) 5
• C) 11
• D) 1

---

Definitions:

Tax Rate

The extent to which the government extracts a percentage of income as taxes from businesses or people.

Market Value

The current exchange rate for acquiring or disposing of a service or asset.

Bond Issue

A financial instrument issued by a corporation or government as a way of borrowing money, where the issuer promises to pay back the face value on a specific date, along with periodic interest payments.

Weighted Average Cost of Capital (WACC)

A calculation of a firm's cost of capital, weighted by the proportion of each component of capital, including debt and equity.