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Semenov [28]
2 years ago
12

Broker Joe has a listing for a distressed seller. He finds a buyer for the property who enters into a contract for purchase. Ten

-days prior to closing, the seller calls Joe to share that he has had to file for bankruptcy. This filing may:
Business
1 answer:
cluponka [151]2 years ago
8 0

In this situation when the seller has filed for bankruptcy then Broker Joe has to terminate the contract. Therefore, Option B is the correct statement.

<h3>What do you mean by contract?</h3>

A legally enforceable agreement that creates, defines, and regulates mutual rights and obligations between its parties is called a contract.

An agreement usually involves the exchange of goods, services, money, or the promise to change any of these at a later date.

Therefore, Option B is the correct statement.

Learn more about contract here:

brainly.com/question/5746834

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A 15-year, annual coupon bond is priced at $984.56. The bond has a $1,000 face value and a yield to maturity of 6.5 percent. Wha
Bess [88]

Answer:

6.35%

Explanation:

you can use the yield to maturity formula to determine the coupon:

YTM = {coupon + [(face value - market value) / n]} / [(face value + market value) / 2]

0.065 = {coupon + [(1,000 - 984.56) / 15]} / [(1,000 + 984.56) / 2]

0.065 = {coupon + 1.029} / 992.28

64.4982 = coupon + 1.029

coupon = 63.47

coupon rate = 63.47 / 1,000 = 0.06347 = 6.35%

3 0
3 years ago
Mia Lane bought a high-definition television for $7,500. Based on her income, she could afford to pay back only $600 per month.
lina2011 [118]

Answer:

$ 7,012.50

Explanation:

Please see attachment

6 0
3 years ago
a mortgagge loan in which the interest rate charged fluctuates with the level of current interest rates is called
solmaris [256]

Variable interest rate mortgage loans have an interest rate that varies depending on the level of current interest rates.

An interest rate on a loan or security that fluctuates over time because it is based on an underlying benchmark interest rate or index that is interest rates subject to Variable interest rate regular changes is known as a variable interest rate (also known as an "adjustable" or "floating" rate).

A variable interest rate has the obvious advantage that if the underlying rate or index decreases, so do the borrower's interest payments. On the interest rates other hand, if the underlying index increases, interest payments rise. Fixed interest rates are stable, as opposed to variable interest rates.

Variable interest rate mortgage loans have an interest rate that varies depending on the level of current interest rates.

Learn more about Variable interest rate here

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8 0
1 year ago
Which scenario best demonstrates the function of money as a measure of value?
Musya8 [376]
I believe the correct answer from the choices listed above is option D. The scenario that demonstrates the function of money as a measure of value would be that Sharad decides to offer his services as a typist. he asks for $3 per page. a new client prefers $2 per page. They settle at $2.50 per page. <span>Closely linked with the service of </span>money <span>as a </span>medium of exchange <span>is its </span>function as a measure of value.<span>
<span>
</span></span>
7 0
3 years ago
If a California strawberry wholesaler operates in a perfectly competitive market, that wholesaler will have a _____ share of the
Darya [45]

Answer:

half

Explanation:

7 0
3 years ago
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