The Titanic could stay afloat with four of its 16 watertight compartments flooded, more than anyone could imagine on a ship of its size.  As the ice bumped along its starboard side, it punched holes in the ship's steel plates, flooding six compartments. In a little over two hours, the Titanic filled with water and sank  Sep 25, 2008
 
        
             
        
        
        
Answer:
False
Explanation:
Interest Bearing Account is an account which generates interest income over a specified period of time. Certificate of Deposit is an example for the interest bearing account. So, simply saying that An interest-bearing account is an account that generates interest income on the available balance in the account is wrong.
 
        
             
        
        
        
Answer: elastic
Explanation:
Elastic demand is a demand that occurs when the quantity demanded for a product or service results in a greater percentage change when there is a change in price. 
For example, when there's a fall in price, this will lead to large change in quantity demanded for the good. Since there's an increase in the quantity demanded, it will lead to increase in revenue. 
 
        
             
        
        
        
Answer:
<em>$111.11 or 111.11% of face value</em>
Explanation:
Assuming the face value of $100 for all bonds (without loss of generality)
If the two year coupon bond is repackaged as a one year zero coupon bond paying $12 after one year and another two year bond paying $112 after 2 years, the price of the two zero coupon bonds are given as
Price of one year Zero coupon bond = 12/1.05 = $11.43 (one year ZCB has YTM of 5%)
Price of two year Zero coupon bond = 112/1.06^2 = $99.68 (two year ZCB has YTM of 6%)
So, one can sell the repackaged bonds at a price = $11.43+ $99.68 = $111.11 or 111.11% of face value