The Franklin Company issued a 6% bond three years ago at par value. The market interest rate on comparable bonds today is 5%. The Franklin Company bond currently pays ________ a year in interest and the bond sells at a ________

A stock currently sells for $100 per share, and has earnings of $2.00 per share. What is the stock's P/E ratio?

A) 50.00 B) 25.00 C) 5.00 D) 1.00

James and Debra Reid purchased a home for $623,000 in January 2014. They put down $62,300 and financed the remainder with Fifth Third Bank. Fifth Third Bank recorded its mortgage on February 1, 2014. On March 31, 2014, the Reids purchased a swimming pool and the pool contractors, Cristoria Pools, financed the construction for $45.000. Cristoria recorded a second mortgage on the property on April

15, 2014. On December 15, 2014, the Reids sold their house to the Griffins for $720,000. The Griffins put $120,000 down and agreed to pay the Reids for the existing mortgage in wrap-around. The mortgage balance at the time of the sale was $619,000. The balance on the Cristoria mortgage was $42,000. On August 15, 2015, the Griffins defaulted on their payments. The Reids had already purchased another home and were unable to make the payments on the home. Fifth Third Bank foreclosed on the mortgage. ?Suppose the mortgage sale brings $600,000. Fifth Third Bank wishes to recover the deficiency of the amount due on the mortgage. Which parties are personally liable on the mortgage loan? A)?The Reids B)?The Griffins C)?Both the Reids and the Griffins D)?There are no deficiencies allowed on residential mortgage foreclosures under federal law