Your lawyer presents you with a three year investment. You must invest $1,000 immediately, but you are promised after-tax cash flows of $600 after one year and another $600 after two years
What is the IRR of the investment? (Round answer to nearest percent).
A) 10%
B) 11%
C) 12%
D) 13%
E) 14%
D
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Manjur and Fatima are both 63 years old and have a flourishing business. They decide to purchase a beach house and seek a 15-year mortgage. In this scenario, the lender ________.
A. can grant them credit only for 5 years as the Equal Credit Opportunity Act applies only for 5-year transactions B. cannot deny them credit based on the Equal Credit Opportunity Act C. may deny them credit based on their age and possibility of loss of income at retirement D. may deny them credit based on the Equal Credit Opportunity Act because their application, when compared to more youthful applicants, is not "equal"
Which of the following is the first important decision involved in determining pay levels and designing pay structures?
A. constructing an internal pay policy line that reflects external pay policy B. designing the survey C. specifying the employer's external pay policy D. defining the purpose of the compensation survey E. choosing relevant market competitors to survey
Ultra-Long deodorant's tagline is "Timely strength for the match of life." Ads for the product feature a baseball star saying, "You need extra muscle when your day goes into extra time." These ads appear regularly on television and in print media. At the same time, Ultra-Long runs a sweepstakes contest for its customers. To enter the contest, customers have to fill out a $1-off coupon. Through the use of IMC, Ultra-Long is hoping to primarily create ________ for its new product, which is the combination of many factors, including the name, logo, symbols, design, packaging, and performance of the product.
A. brand repositioning B. brand evangelism C. brand dilution D. brand language E. brand identity
The nationwide batch-oriented electronic funds transfer system that provides for the interbank clearing of electronic payments for participating financial institutions is the
A) Automated Clearing House Network. B) Federal Reserve System. C) E-bill Presentment and Payment Network. D) Receiving Depository Financial Institution.