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olchik [2.2K]
3 years ago
6

Stan, a salesperson for Trucks & Autos, promises Uri a certain car will give him a "smooth ride." Stan offers a test drive,

which Uri declines. He buys the car but soon realizes its suspension is in poor condition. Uri can rescind the contract on the ground ofa. ​mistake.b. ​fraud.c. ​none of the choices.d. ​undue influence.
Business
1 answer:
3241004551 [841]3 years ago
4 0

Answer:

C, none of the choices

Explanation:

from the qeustion, it can be seen that Uri was offered a test ride of the car but he clearly refused. For him to have bought that car without a test drive and later realise the car has a faulty suspenion, he cannot rescind the contract on any of the bases because if he had agreed to the test drive, he would have found out about the faukty suspension and woudn't have bought that car.

It is clearly Uri's fault that he ended up with a car that has a faulty susppension. this isn't a case of fraud or mistake on the part of Stan, neither did Stan unduely influence him to buy the car according to the question.

Cheers.

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Calculate the annual coupon payment if the semi-annual coupon paying bond price is $920, the yield for the bond is 6%, the bond'
Jobisdone [24]

Answer:

$48.40

Explanation:

Yield = 6%

Rate = Yield/2 = 6%/2 = 3%

YTM = 9

Nper = YTM*2 = 9*2 = 18

Face value = $1,000

Price(PV) = $920

Monthly payment = PMT(0.03, 18, -920, 1000)

Monthly payment = $24.1833

Coupon rate = (PMT/Face value) * 2

Coupon rate = (24.1833/1000) * 2

Coupon rate = 0.0241833 * 2

Coupon rate = 0.0483666

Coupon rate = 4.84%

Annual coupon payment = Face value * Coupon rate

Annual coupon payment = $1000 * 4.84%

Annual coupon payment = $48.40

4 0
3 years ago
Assume that the interest rate on borrowings in Japan is 1 percent, while the interest rate on deposits in Australian banks is 5
ale4655 [162]

Answer:

This type of trade is called Arbitrage trading.

Explanation:

Arbitrage trading a simultaneously selling and buying of financial instruments or entering into various transactions at the same time in at least two different market to make money through the exploitation of price differences.

In this case, because there is price differences between the borrowing market in Japan and deposit market in Australia, the trader can earn profit by borrowing in Japan in yen, converting the amount into AUD and deposit it in Australia to earn 4% per annum profit.

Such scenario exists as a result of market inefficiency. As more and more trader does the same trading, borrowing cost in Japan will be higher ( due to higher demand) and deposit cost in Australia will be lower ( due to higher supply). In the end, market will be efficient and such trading will not lead to any profit gained from price differences.

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This Act protects the privacy and accuracy of information in a credit check.
sleet_krkn [62]
this was the Fair credit reporting act.


Hope I helped!!
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Read 2 more answers
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DanielleElmas [232]

Answer: b. debenture bonds.

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A debenture bond is a debt instrument that is unsecured by a collateral or asset. They are issued by companies to raise capital.

A callable bond is a bond that can be redeemed before its maturity date.

A junk bond is a very risky bond with low credit ratings but pay a higher yield when compared to better rated bonds.

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7 0
3 years ago
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Delvig [45]

Explanation:

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b. discretionary cost

this is a cost that the student can survive without. also known as avoidable cost. the cost here would be the amount of money the student spends on dues.

c. commited costs

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d. opportunity cost as we know is the alternative forgone. that is what was forgone in order to take to schooling. this would be all earnings from working that the individual has foregone since he or she is now a college student

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f. allocated cost

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5 0
2 years ago
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