Author Question: Sharon lives in a state that has a no-fault automobile insurance law. Under the law, an injured ... (Read 23 times)

bucstennis@aim.com

  • Hero Member
  • *****
  • Posts: 532
Sharon lives in a state that has a no-fault automobile insurance law. Under the law, an injured person has the right to sue the negligent driver only if the bodily injury claim exceeds a dollar or verbal threshold.
 
  The no-fault law in Sharon's state is a(n)
  A) pure no-fault plan.
  B) modified no-fault plan.
  C) add-on plan.
  D) choice no-fault plan.

Question 2

A zero coupon bond pays no annual coupon interest payments.
 
  When it matures at the end of 7.5
  years it pays out 1,000. If investors wish to earn 2.35 per year on this bond investment, what is
  the current price of the bond? (Round to the nearest dollar.)
  A) 875 B) 561 C) 840 D) 533


bbburns21

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

Answer: B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

For a complete list of videos, visit our video library