Bond price: Giant Electronics is issuing 20-year bonds that will pay coupons semiannually. The coupon rate on this bond is 7.8 percent. If the market rate for such bonds is 7 percent, what will the bonds sell for today?

A) $1,037
B) $1,085
C) $861
D) $923

Answer: B) $1,085

Business

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If the Director of Insurance denies an application for an insurance producer's license and the applicant requests a hearing in writing, the hearing must begin within how many days from the time the Director receives the request?

A) 14 days. B) 30 days. C) 10 days. D) 21 days.

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What appraisal license is required to appraise a ten unit apartment building valued at $1 million?

a. Residential license. b. Certified residential license. c. Certified general license. d. Apartment specialist license.

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