When a contract's writing is not clear, a court will enforce it according to its obvious terms
Indicate whether the statement is true or false
F
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An estimate of the amount for which an asset can be sold at the end of its useful life is called residual value
a. True b. False Indicate whether the statement is true or false
Mathematicians call a sequence of steps a parameter.
Answer the following statement true (T) or false (F)
Which of the following statements about a bond that sells for its par value is correct?
A. The yield to maturity is comprised of a capital gains yield equal to the face value of the bond. B. As long as market rates remain constant, the bond's capital gains yield will equal to zero. C. The yield to maturity is comprised of an interest yield equal to the capital yield on the bond. D. The yield to maturity is equal to the present value of interest payments received from the bond. E. The yield to maturity is equal to the future value of interest payments received from the bond.
In which of the following cases is an asset NOT considered constructively sold?
A. The owner shorts the asset B. The owner buys an in-the-money put option on the asset C. The owner shorts a forward contract on the asset D. The owner shorts a futures contract on the stock