Under the UCC, a merchant is frequently held to a higher standard of conduct than a non-merchant
Indicate whether the statement is true or false
True
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On January 2, 20x5, McGowan Corporation issued 20-year bonds payable with a face value of $300,000 and a face interest rate of 8 percent. The bonds were issued to yield a market interest rate of 9 percent. Interest is payable annually on January 2. In calculating the present value of the bond issue of January 2, 20x5, the
A) 9 percent rate will be used to calculate the present value of the face amount and the 8 percent rate will be used to calculate the present value of the periodic interest payments. B) 9 percent rate will be used to calculate the present value of the face amount and the present value of the periodic interest payments. C) 8 percent rate will be used to calculate the present value of the face amount and the present value of the periodic interest payments. D) 8 percent rate will be used to calculate the present value of the face amount and the 9 percent rate will be used to calculate the present value of the periodic interest payments.
The Civil Rights Act of 1871 was originally enacted to enforce the:
a. Fifth Amendment b. Eighth Amendment c. Fourteenth Amendment d. None of the above
The objective of ________ is to select the group of projects that provides the highest overall net present value and does not require more dollars than are budgeted
A) capital rationing B) scenario analysis C) real options D) sensitivity analysis
Reggie was hosting a BBQ when the deck fell off his house. Several of his friends were hurt in the accident. Luckily for Reggie he has ________ coverage on his home owner's insurance
A) personal articles B) loss of use C) personal liability D) none of the above