Which of the following lenders would tend to charge a buyer the most points during a tight money market?

a. VA
b. FHA
c. Cal Vet
d. a mortgage company

Answer: d. a mortgage company

Business

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What is the yield to call of this bond when it is released? Group of answer choices

A company issues a callable (at par) ten-year, 6% coupon bond with annual coupon payments. The bond can be called at par in one year after release or any time after that on a coupon payment date. On release, it has a price of $104 per $100 of face value. A. 0.60% B. 1.92% C. 1.50% D. 5.47%

Business

Mufasa is president and sole shareholder of Lion King, Inc. Lion King, Inc. wishes to borrow money, but to do so, the bank requires Mufasa to orally agree to personally pay the debt of the corporation if Lion King, Inc. cannot. Mufasa's guarantee to repay is:

a. enforceable under the parol evidence rule. b. unenforceable because there is no insurable interest. c. unenforceable because of their relationship. d. unenforceable because it is not in writing.

Business