The answer is option "a","Express".
An express warranty refers to an agreement that is between the contract seller (merchant, producer or free organization) and the purchaser or buyer of an item to give repair or substitution to secured segments of the item for some predetermined time. An express warranty is a dealer's guarantee or assurance that a purchaser depends on when they buy a thing.
Option B, The false statement from the given is, "Students rarely leave out of college because of financial difficulties".
<u>Explanation:
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Undergraduate students may open up job opportunities, but certain students may not bear costs. Student loans are not a prime opportunity to fund a university degree, and credit can be a far bigger burden for dropping-out graduates.
It can be a challenge with two reasons not to hold the student loan debt going after leaving: interest and late payments and the effect on credit. Interest and late charges will continue to increase the overall balance owed by student loans over time. When a student who has withdrawn is prepared to handle his debt, he or she may face a tougher challenge than expected.
C. It is calculated by adding the seasonally adjusted unemployment rate to the annual inflation rate.
Answer:
The correct answer is letter "B": The statement presents the fallacy of composition.
Explanation:
The Fallacy of composition refers to a fallacy by which an individual believes that something is true just because part of the whole is true. Typically, this type of belief leads to mistaken conclusions because what might be right for one person does not necessarily is right for others.
The price of the stock 19 years from now would be the present value of all the dividends to be paid starting year 20. Here, to compute the PV of the dividends, we can use the PV of perpetuity formula as the dividends will be paid for the infinite period of time.
Value of the stock after 19 years = Dividend year 20/ required return
= $20 / 0.0725
= $275.86