You cannot buy an open-end fund at a premium or discount

Indicate whether the statement is true or false


TRUE

Business

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If the parties agree on the amount of damages that will be paid to the injured party if the other party fails to perform, this amount is known as illusory damages.

Answer the following statement true (T) or false (F)

Business

Of the following investments, which would have the lowest present value? Assume that the effective annual rate for all investments is the same and is greater than zero.

A. Investment A pays $250 at the end of every year for the next 10 years (a total of 10 payments). B. Investment B pays $125 at the end of every 6-month period for the next 10 years (a total of 20 payments). C. Investment C pays $125 at the beginning of every 6-month period for the next 10 years (a total of 20 payments). D. Investment D pays $2,500 at the end of 10 years (just one payment). E. Investment E pays $250 at the beginning of every year for the next 10 years (a total of 10 payments).

Business

To determine the amount of additional funds needed (AFN), you may subtract the expected increase in liabilities, which represents a source of funds, from the sum of the expected increases in retained earnings and assets, both of which are uses of funds.

Answer the following statement true (T) or false (F)

Business

A computer company salesperson invites the IT managers of its top ten customers (in terms of dollar sales) to view a demonstration of the firm's new product line, so the salesperson can obtain their opinions regarding various options and configurations that could be offered. These IT managers are most likely to be the ________ of their organizations' buying centers.

A. reciprocity arrangers B. buyers C. influencers D. users E. gatekeepers

Business