Answer:
The correct answer is letter "D": Judy, an expert horse trainer, sells Bob a horse.
Explanation:
According to the Uniform Commercial Code (<em>UCC</em>) a <em>merchant </em>is a person who deals with a product or service of a business in which that person is regularly engaged. The <em>merchant </em>has knowledge and expertise related to the practices involved in the business transaction.
In that sense, only Judy, who is a horse trainer, would be labeled as a <em>merchant </em>by the UCC for selling a horse.
B is the most reasonable answer
Answer:
The answer is a. States benefits are payable to an individual who is related to the deceased insured by blood or marriage
Explanation:
A facility of payment clause is a provision in life insurance that allows the insurance company to choose the beneficiary or give part of the proceeds to someone other than the beneficiary. The company may have the choice of giving the entire death benefit to a relative of the insured, for instance, after his or her death because the official beneficiary is a minor or is also deceased.
Answer:
The total return is 12%
Explanation:
First and foremost we need to establish the bond price now, which is present value of cash flows (all coupon payments and repayment of principal) till maturity.
In calculating the price of the bond , I multiplied the discount factor by the cash flows.
The discount factor is 1/(1+r)^-N,where r is the yield to maturity and N is the number of years to maturity taken as 6 years previously and 5 years now.
N is the relevant year the cash flow is received .
The initial price at which bond is bought is $1,092.46 (as calculated in the attached)
The price the bond is sold now is $ 1,123.01 (
as calculated in the attached)
the total return=(selling price now+coupon received)/ initial purchase price
the total return =($1,123.01 +$100)/$ 1,092.46 -1
=1.12-1
=12%
100% percent State Farm
Who wOuLdN’t