Economic obsolescence generally is:

a. incurable
b. curable
c. deals with structures located within the property boundary lines
d. a styling issue

Answer: a. incurable

Business

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The current yield on a $5,000, 8 percent coupon bond selling for $4,000 is

A) 5%. B) 8%. C) 10%. D) 20%. E) none of the above.

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Indicate whether the statement is true or false.

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