1. The primary purpose of bond covenants is to protect the:
a. general public
b. lender
c. borrower
d. bond issuer
e. firm's employees
2. The price of a stock at year 5, where "R" is equal to the required rate of return, can be expresses as:
a. P0 x g5
b. D0 x (1+R)5
c. P1 x (1+R)5
d. D6 / (R-g)
e. D5 / (R-g)