Disclosure laws require that a borrower be quoted the "true cost" of a loan, as reflected in the:
A. internal rate of return (IRR).
B. annual percentage rate (APR).
C. net present value (NPV).
D. flat rate of interest.
E. interest rate on reducing balance.
B. annual percentage rate (APR).
You might also like to view...
Companies often receive feedback from user groups who form their own electronic clubs who can form a collective opinion and quickly supply information about new or developing products. These electronic clubs are known as:
A) kostenlos. B) listservs. C) gratis. D) umsonst.
In the Gaussian copula model which of the following is true
A. The time to default for a company is assumed to be normally distributed. B. The time to default for a company is assumed to be lognormally distributed C. The time to default for a company is transformed to a normal distribution D. The time to default for a company is transformed to a lognormal distribution
Which of the following is true of an initial public offering (IPO)?
A) Buying an IPO stock is less risky than purchasing established companies in the secondary market. B) An IPO stock can be sold later in the primary market. C) An IPO's stock price may rise or fall rapidly on the first day. D) An IPO represents a company that was just created within the last month.
Which of the following characteristics belong(s) to the Exempt Model?
A) Only after-tax dollars are invested. B) Only tax-free dollars are invested. C) Earnings on the investment are exempt from explicit taxation. D) both A and C