Author Question: Sharon lives in a state that has a no-fault automobile insurance law. Under the law, an injured ... (Read 33 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?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

For a complete list of videos, visit our video library