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Across
  1. 4. More …………………… approach to financing working capital, is to finance some long-term needs with short-term funds.
  2. 5. In …………………. Bonds the issuer promises to pay a single payment at future date. (No space)
  3. 9. Bond values move in the direction …………………….. that of interest rates, leading to potential gains or losses for bond investors.
  4. 13. …………………….. Capital structure refers to the best mix of debt-equity financing that maximizes the company’s overall market value while minimizing its cost of capital.
  5. 14. If capital is to be rationed for only the current period, a firm should probably first consider selecting projects by descending order of…………………… (Ignore the Space)
  6. 15. Retained earnings are the cumulative earnings of the company after ……………………….
  7. 16. The expected return on any asset is dependent on its……………………….
  8. 18. Ranking the projects on the basis of IRR, NPV, and PI methods may give contradictory results in case of two mutually exclusive investment proposals because of …………………… problem.
  9. 19. According to time value of money, A dollar tomorrow is worth ………… than a dollar today.
  10. 20. Managers of the firm are essentially ….……… of the shareholders.
Down
  1. 1. ………………… stock holders are given certain priority over common stock stockholders in the distribution of dividend.
  2. 2. When the market's required rate of return for a particular bond is much less than its coupon rate, the bond is selling at……………………
  3. 3. The risk-free security has a beta equal to……………………….
  4. 6. ……………….. leases usually require the lessor to maintain and insure the leased assets.
  5. 7. Pecking order theory in finance is based on the assertion of ……………………………… information between managers and investors.
  6. 8. The further a firm operates above its operating break-even point, the closer its degree of operating leverage (DOL) measure approaches………………………………
  7. 10. Liquidity varies inversely with ………………………
  8. 11. If the prices reflect all historical, public and private (insider) information, the markets are ……………………. form of efficient.
  9. 12. ……………….. effect explains the movement in a company's stock price according to the demands and goals of its investors.
  10. 17. Bonus shares are issued only to ………………………… shareholders.