Land, buildings, trees, and soil are considered:
A) real property.
B) personal property.
C) affixed items.
D) fixtures.
A
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What is the impact of a 50 basis point increase in interest rates on the net asset value of an open-end bond mutual fund holding a seven year, $100 million face value 7 percent annual coupon bond selling at par? The fund has 10 million shares.
A. An increase of $0.24 per share. B. A decrease of $0.265 per share. C. An increase of $0.05 per share. D. A decrease of $0.05 per share. E. An increase of $0.265 per share.
In the twenty-first century, sales leaders are
A. Controlling rather than communicate with personnel B. Becoming a coach instead of a supervisor C. Empowering sales managers to make decision D. Centralizing control as bosses E. Directing sales people to achieve the defined goals