Author Question: U.S. Savings Bonds are sold at a discount. The face value of the bond represents its value on its ... (Read 21 times)

jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
U.S. Savings Bonds are sold at a discount. The face value of the bond represents its value on its
  future maturity date. Therefore,
 
  A) the current price of a 50 face value bond that matures in 10 years will be greater than the
  current price of a 50 face value bond that matures in 5 years.
  B) the current price of a 50 face value bond that matures in 10 years will be less than the current
  price of a 50 face value bond that matures in 5 years.
  C) the current price of a 50 face value bond will be higher if interest rates increase.
  D) the current prices of all 50 face value bonds will be the same, regardless of their maturity
  dates because they will all be worth 50 in the future.

Question 2

All of the following statements about the termination provisions of the PAP are true EXCEPT
 
  A) The insured can cancel the policy for any reason.
  B) The insurer can cancel a newly-written policy if it has been in force for fewer than 60 days.
  C) The insurer can cancel the policy after it has been in force for 60 days only if the insured has three or more traffic violations.
  D) The insurer can refuse to renew the policy at its annual anniversary date as long as proper notice is given prior to the end of the policy period.


bimper21

  • Sr. Member
  • ****
  • Posts: 309
Answer to Question 1

B

Answer to Question 2

Answer: C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

For a complete list of videos, visit our video library