You are a salestrader on the high-yield bond desk. A client that you have covered for many years has recently moved from a mutual fund to a small startup hedge fund. For the first time in his career he is allowed to take short positions in addition to long positions. He believes the market is underpricing the risk of defaults in the auto parts sector. He asks you to explain his options for expressing this view. Can you explain the two main types of trades he could establish that are related to chemical sector bonds, including the mechanics and pros/cons of each?

Schonhardt corporation's relevant range of activity is 2,500 units to 5,500 units. when it produces and sells 4,000 units, its average costs per unit are as follows: averagecost per unitdirect materials $ 7.60direct labor $ 2.90variable manufacturing overhead $ 1.65fixed manufacturing overhead $ 2.90fixed selling expense $ 0.95fixed administrative expense $ 0.65sales commissions $ 0.75variable administrative expense $ 0.65if 4,500 units are produced, the total amount of fixed manufacturing cost incurred is closest to: multiple choicea $16,800b $11,400c $11,600d $15,400

Identify and describe a variety of performance rating scales that can be used in organizations including graphical scales, letter scales, and numeric scales.

In terms of the "great wheel of science", statistics are central to the research process (a) only between the hypothesis phase and the observation phase (b) only between the observation phase and the empirical generalization phase (c) only between the theory phase and the hypothesis phase (d) only between the empirical generalization phase and the theory phase