A premium on bonds occurs when bonds carry a contract rate greater than the market rate at issuance.
Answer the following statement true (T) or false (F)
True
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Bill orders a custom-made suit from Rooks to be delivered by Friday at 5 p.m. When the suit is delivered to his office on Friday afternoon, he is in conference with a client. He accepts delivery and hangs the suit in his closet. When Bill tries on the suit Saturday evening, he discovers that the pants are cuffed. He had ordered cuffless trousers. What can he do?
a. He cannot revoke acceptance since the cuffs are not difficult to discover. b. He can revoke acceptance if the cuffs substantially impair the value of the goods to him and Rooks will not remove the cuffs. c. He can reject the goods since he had not yet accepted them prior to inspection. d. He cannot reject the goods because the cuffs are curable.
Suppose that you want to purchase a car today. You can afford payments of $400 per month and want to pay the loan back over the next five years
Assuming no down payment is required, how much can you borrow if the bank will charge you an annual percentage rate of 12% compounded monthly? A) $16,726.68 B) $18,220.18 C) $24,667.87 D) $25,008.90 E) $17,982.02
Short-term foreign exchange forecasts are often motivated by such activities as ________ whereas long-term forecasts are more likely motivated by ________
A) long-term investment; long-term capital appreciation B) long-term capital appreciation; desire to hedge a receivable C) the desire to hedge a payable; the desire for long-term investment D) the desire for long-term investment; the desire to hedge a payable
All of the following qualify as a like-kind exchange except
A) an apartment building held for investment for a warehouse used in a trade or business. B) a printer used in trade or business for a computer used in trade or business. C) improved real estate held for investment for unimproved real estate held for investment. D) all of the exchanges qualify as like-kind exchanges.