Eli agrees to pay a debt to Financial Credit, Inc., which is otherwise dischargeable in bankruptcy. This is
A. a cram-down.
B. a revocation.
C. a reaffirmation.
D. a workout.
Answer: C
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The current price of a stock is $50, the annual risk-free rate is 6%, and a 1-year call option with a strike price of $55 sells for $7.20. What is the value of a put option, assuming the same strike price and expiration date as for the call option?
A. $7.33 B. $7.71 C. $8.12 D. $8.55 E. $9.00
Ethan was a professional classical guitar player until a motorcycle accident left him disabled
After long months of therapy, he hired an experienced luthier and started a small shop to make and sell Spanish guitars. The guitars sell for $600, and the fixed monthly operating costs are as follows: Rent and utilities $600 Wages and benefits to luthier 2,200 Other expenses 470 Ethan's accountant told him about contribution margin ratios, and Ethan understood clearly that for every dollar of sales, $0.60 went to cover his fixed costs, and anything above that point was profit. Ethan wishes to earn $5,000 of operating profit each month. Calculate the amount of sales revenue required to achieve the target profit. (Round your answer to the nearest dollar.) A) $5,450 B) $8,175 C) $13,784 D) $20,675
When Tim thinks about it, he knows the right thing to do is to report his suspicions. He is employing the
a. egoism principle. c. principle of duties. b. utility principle. d. principle of virtues.
True or False Statistics can be used as an inferential device for using sample findings to draw conclusions about a population
Indicate whether the statement is true or false