Which of the following are true of mortgage interest rates?
A) Interest rates on mortgage loans are determined by three factors: current long-term market rates, the term of the mortgage, and the number of discount points paid.
B) Mortgage interest rates tend to track along with Treasury bond rates.
C) The interest rate on 15-year mortgages is lower than the rate on 30-year mortgages, all else the same.
D) All of the above are true.
E) Only A and B of the above are true.
D
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Research studies proving the safety of new drugs are required under which legislation?
A. the Pure Food and Drug Act B. the Federal Food, Drug, and Cosmetic Act C. the Kefauver-Harris Amendment D. Hazardous Substance Labeling Act
Lawson bought a parcel of raw land in 1963 and subdivided it into four separate lots. Twenty-five years later, he sold each lot for $10,000. The adjusted basis for each lot was $2,000. Lawson's long-term capital gain on these transactions is:
A: $8,000; B: $32,000; C: $40,000; D: Cannot be determined from the information given.