Nick Bosch has prepared the following list of statements about bonds. Identify each statement as true or false. 1. Bonds are a form of interest-bearing notes payable. select between True and False 2. Secured bonds have specific assets of the issuer pledged as collateral for the bonds. select between True and False 3. Secured bonds are also known as debenture bonds. select between True and False 4. A conversion feature may be added to bonds to make them more attractive to bond buyers. select between True and False 5. The rate used to determine the amount of cash interest the borrower pays is called the stated rate. select between True and False 6. Bond prices are usually quoted as a percentage of the face value of the bond. select between True and False 7. The present value of a bond is the value at which it should sell in the marketplace.

Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). however, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due). what is the future value of a 13-year annuity of $2,800 per period where payments come at the beginning of each period? the interest rate is 9 percent. use appendix c for an approximate answer, but calculate your final answer using the formula and financial calculator methods. to find the future value of an annuity due when using the appendix tables, add 1 to n and subtract 1 from the tabular value. for example, to find the future value of a $100 payment at the beginning of each period for five periods at 10 percent, go to appendix c for n = 6 and i = 10 percent. look up the value of 7.716 and subtract 1 from it for an answer of 6.716 or $671.60 ($100 × 6.716)

If a seller prepaid the taxes of $4,400 and the closing is set for may 19, using the 12 month/30 day method what will the buyer owe the seller as prorated taxes?

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided