The advantages of a fixed-rate mortgage over an ARM include
A) no private mortgage insurance required.
B) fixed payments that are easier to budget for.
C) less worry about the loan reaching the rate and payment caps.
D) none of the above.
E) both B and C.
Answer: E
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Leasehold improvements are not subject to any form of cost allocation
Indicate whether the statement is true or false
Steve has a small company with 12 employees. One of his employees, Larry, has been laid off because his work has been outsourced. Larry had health coverage through Steve's company and wants to continue that coverage. According to the Consolidated Omnibus Budget Reconciliation Act, how long can Larry continue his coverage through Steve's company after being laid off?
A. 18 months B. 24 months C. 0 months D. 36 months
Which of the following apply to both sureties and guarantors?
A) If the surety or guarantor pays the debt, that person has no recourse against the primary debtor. B) It is an arrangement in which the surety or guarantor agrees to pay the debt of another under certain circumstances. C) The surety or guarantor becomes secondarily liable on the debt. D) The obligation arises only if the debt cannot be collected from the primary debtor.
In calculating the cost of common stock equity, ________
A) the use of the capital asset pricing model (CAPM) is often preferred, because the data required are more readily available B) the use of the CAPM is preferred, because it directly considers risk and the effect of inflation on the stock prices C) the use of the constant-growth valuation model is often preferred, because the data required are more readily available D) the use of the constant-growth valuation model is often preferred, because it has a stronger theoretical foundation