Harvey Hadley conveyed a parcel of property in the city of Fairlywell Downs to Carl Bland and Dirk Pitts. The granting clause of the deed stated that Carl and Dirk take the property jointly. Neither Carl nor Dirk signed the deed. a . What is the nature
of the joint ownership interest of Carl and Dirk? Explain? b. Of what impact is it that neither Carl nor Dirk signed the deed? Explain? c. If the property were still in escrow, of what effect would a recorded tax lien be?
a . Concurrent ownership between unmarried persons is a tenancy in common, unless otherwise stated. The words "jointly" have no special legal meaning.
b. No effect. Only grantors sign deeds. In most cases grantees are identified but are not signatories to the deed.
c. A tax lien renders the title unmarketable. The buyers can require that Harvey pay in escrow whatever debt gave rise to the lien before they accept conveyance of the deed.
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Which of the following is the last attempt of the affected group to return to the previous psychological equilibrium while reacting to a crisis?
a. Depression b. Anger c. Rationalization d. Acceptance
Use the ETF data below:
a) Create a variance/covariance matrix using the data from the table.
b) Determine the weights for the minimum variance portfolio using Solver, excluding the world ETF (VT). Assume that short sales are allowed and that the proceeds from the shorted securities can be used to purchase more of the long positions.
c) Determine the weights of four additional portfolios that are in the efficient frontier using Solver excluding the world ETF (VT). Make sure that the target return of the last portfolio is equal to that of the ETF with the highest return.
d) Create a chart of the efficient frontier based on the portfolios created in part c, and that also includes the returns and standard deviations of the individual ETFs.
Answer the following statements true (T) or false (F)
1. The only difference between the present value and future value of a lump sum is the amount of interest that is earned in the intervening time span. 2. The following formula is used to compute the present value of a lump sum: Future value = Present value × PV factor for i = X%, n = X periods 3. The process for calculating present values is often called discounting future cash flows because future amounts are discounted to their present value. 4. An annuity is a series of unequal payments over equal intervals. 5. An investment today of $8,424 at 6% will yield payments of $2,000 per year for five years, or total payments of $10,000 over five years. The reason for this increase is that the interest is being earned on principal that is left invested each year.
Accrued wages and accrued taxes are considered to be
A) secured sources of short-term financing. B) current assets. C) spontaneous sources of unsecured short-term financing. D) permanent sources of financing because companies must always pay wages and taxes.