Annuities where the payments occur at the end of each time period are called ________, whereas ________ refer to annuity streams with payments occurring at the beginning of each time period
A) ordinary annuities; early annuities
B) late annuities; straight annuities
C) straight annuities; late annuities
D) annuities due; ordinary annuities
E) ordinary annuities; annuities due
E) ordinary annuities; annuities due
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If the standard deviation is 4.5, the Z value is 1.25, and the expected date of completion is 18 weeks, then the due date for project completion is ______.
a. 23.625 weeks b. 40.625 weeks c. 12.375 weeks d. 18.575 weeks
Which of the following statement concerning Treasury bonds is true?
A) They are priced and sold at auction. B) Interest accumulates and is paid out at maturity. C) They are more risky than comparable maturity private bonds. D) They have higher rates than comparable municipal bonds.
Bonds with fixed coupon rates are not subject to interest rate risk
Indicate whether the statement is true or false.
Dondi contracts to buy a custom espresso maker from Caffee Specialties, Inc, for $4,500, but Caffee fails to deliver. Dondi buys the appliance else-where for $5,500 . Dondi's measure of damages is
a. $1,000. b. $1,000 plus incidental damages. c. incidental damages only. d. $0