Sheldon has a home valued at $108,000 with an outstanding mortgage of $70,000. If his lender is willing to provide a home equity loan of up to 80% of the market value, how much can Sheldon borrow using a home equity loan?

A) $86,400
B) $80,000
C) $38,000
D) $30,400
E) $16,400

E

Business

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a. The existing accountant must discuss relevant matters with the proposed accountant b. The fundamental principle of independence requires the accountant to provide only the services for which (s)he has the needed expertise c. Before accepting a new engagement, the accountant should have assurance that the work can be completed without the help of others d. An accountant generally needs the client's permission to communicate with the current accountant

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Assume that a $50 strike call has a 3.0% continuous dividend, ? = 0.27, r = 0.06 and 60 days from expiration. What is the gamma for a stock price movement from $48.00 to $49.00?

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