Sarah purchased 700 shares of Detroit Motors stock at a price of $45 a share. The initial margin requirement is 70 percent and the maintenance margin is 30 percent. The effective interest rate on the margin loan is 6.5 percent. How much margin interest will she pay if she repays the loan in five months?
A. $187.29
B. $251.25
C. $230.42
D. $217.29
E. $204.12
Answer: B
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Somerset Savings Bank agreed to finance a 72-unit condominium project, and Chicago Title issued a policy for Somerset's $9.5 million mortgage. After the title policy was issued, the city of Revere, Massachusetts, refused to issue a permit for the project because of issues with existing zoning laws, including a railroad right-of-way through the property. Somerset was left with a $9.5 million
mortgage on condominiums that would never be built. Somerset brought suit against Chicago Title for its failure to note the zoning issue. Which of the following statements is correct? A)?Chicago Title must cover the zoning issue costs, i.e., pay the damages because the property cannot be developed, including the cost of the mortgage. B)?Zoning restrictions are not covered in a title policy. C)?Chicago Title must cover the denial of the permit even though zoning issues are not covered under a title policy. D)?If the zoning restrictions make the property unmarketable, Chicago Title must pay the damages.
Donna is well-respected for her decision-making skills, always supporting her proposals with detailed pro and con insights she gathers from sources with a balance of perspectives. Donna's strategy to ________ facilitates acceptance of her decisions by top management.
A. generate resources B. rely on objective information C. focus on win-win solutions D. control the agenda E. make herself irreplaceable
The term ____________________ is generally used to refer to putting money aside in order to make your money grow.
Fill in the blank(s) with the appropriate word(s).
When planning for supplies, equipment, and software to be used in a meeting, the following is a list of items commonly needed EXCEPT
A) a laser pointer for the presentation. B) a printer in case something needed to be printed. C) a notebook computer for presentation hook up or for note taking. D) a ceiling-mounted multimedia projector.