Jordan is a surety for Kelly's loan from Lenders Credit Corporation. When the loan comes due, Kelly tries to pay Lenders Credit, but the creditor rejects the payment. Jordan is
a. released from any obligation on the debt.
b. required to pay the amount of the debt to Lenders Credit.
c. required to pay up to half of the amount of the debt to Lenders Credit.
d. required to pay the amount of the debt to Kelly.
A
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Which of the following is not a characteristic of global strategic partnership?
A) Participants maintain independence outside the framework of alliance. B) Participants share benefits of the alliance. C) Participants share control over the performance of the assigned tasks. D) Participants make ongoing contributions in technology, products, and other areas. E) Participants agree not to compete in areas unrelated to the alliance.
The Clydesdale Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses of $3,600,000. The company has established a minimum rate of return of 7%. What is Clydesdale Company's rate of return on investment?
A) 56% B) 20% C) 45% D) 25%
Derivative products:
a. are what remain after the platform product is built b. include different models, brands, or versions of the platform product c. are intended to fill performance gaps between platform products d. a, b, and c e. b and c
Which of the following is not a characteristic of a closed-end mutual fund?
A) Once the fund closes the shares of the fund trade on the stock market just like a stock. B) The shares may sell above NAV on the secondary market. C) Investors can easily sell their share back to the fund on a daily basis at NAV. D) The shares may sell below NAV on the secondary market.