Finance charges always include which of the following?
a. Mortgage broker fee
b. Title insurance charges
c. Document preparation fees
d. Credit report fee
Ans: a. Mortgage broker fee
Business
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Kevin Rogers is interested in buying a five-year bond that pays a coupon of 10 percent on a semiannual basis. The current market rate for similar bonds is 8.8 percent. What should be the current price of this bond?
A) $1,048 B) $965 C) $1,099 D) $982
Business
The ________ details how the business expects to go from the beginning cash balance to the desired ending cash balance
A) capital expenditures budget B) budgeted income statement C) cash flow statement D) cash budget
Business