Author Question: A floating lien, chattel mortgage, or terminal warehouse receipt have which of the following in ... (Read 160 times)

lak

  • Hero Member
  • *****
  • Posts: 546
A floating lien, chattel mortgage, or terminal warehouse receipt have which of the following in
  common?
 
  A) They are all unsecured forms of financing.
  B) They have nothing in common.
  C) They all use inventory to secure a loan.
  D) They all pledge accounts receivables as security.

Question 2

Rogue Outfitters Inc. has outstanding 1,000 face value 12 coupon bonds that make semiannual payments, and have 8 years remaining to maturity. If the current price for these bonds is 1,274.35, what is the annualized yield to maturity?
 
  A) 7.81
  B) 7.40
  C) 6.12
  D) 6.00


pallen55

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

C

Answer to Question 2

Answer: B
Explanation: B) The answer is found through an iterative (trial and error) process using the bond pricing formula.
Bond Price = PMT  + ;
MODE = END, P/Y = 2, C/Y = 2
INPUT 16 ? -1,274.35 60 1,000
KEY N I/Y PV PMT FV
CPT 7.40



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

For a complete list of videos, visit our video library