« previous next »

Author Question: A floating lien, chattel mortgage, or terminal warehouse receipt have which of the following in ... (Read 199 times)

lak

  • Hero Member
  • *****
  • Posts: 546
on: Jul 10, 2018
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
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
Buy Test-Bank


pallen55

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 10, 2018
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

lak

  • Hero Member
  • *****
  • Posts: 546
Reply #2 on: Jul 10, 2018
Thank you :)


pallen55

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: Jul 10, 2018
Happy to help you


« previous next »
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Establishing a caring and trusting relationship helps the client come to terms with a terminal illne Establishing a caring and trusting relationship helps the client come to terms with a terminal illne
Terminals 85 and 86 represent the coil inside the relay. Terminal 30 is the power terminal, 87a is ... Terminals 85 and 86 represent the coil inside the relay. Terminal 30 is the power terminal, 87a is ...
Connect a fused jumper wire to supply 12 volts to terminal 86 and a ground to terminal 85 of the ... Connect a fused jumper wire to supply 12 volts to terminal 86 and a ground to terminal 85 of the ...
How to calculate mortgage payments (Question 2 of 2) How to calculate mortgage payments (Question 2 of 2)
Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ... Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ...
A piece of glass has a thin film of gasoline floating on it. A beam of light is shining ... A piece of glass has a thin film of gasoline floating on it. A beam of light is shining ...
Video: Hershey Chase Experiments

For a complete list of videos, visit our video library