A short-term loan that provides funding until a longer-term loan can be secured is called a(n)

A) bridge loan.
B) gap loan.
C) straddle loan.
D) amortized loan.

Answer: A

Business

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The term ________ means that a currency's value is determined by the forces of supply and demand

A) pegged B) par value C) float D) market exchange

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Carrolton, Inc. has four potentially dilutive securities. Computation of the antidilution sequencing recorded the following:

Security Increase in Income Increase in Common Shares Convertible Preferred Stock $30,000 10,000 Stock Warrants $0 5,000 Stock Options $0 (3,000) Convertible Bonds $15,000 9,000 What is the correct order of entry into the EPS computation? A) convertible preferred stock, stock warrants, convertible bonds B) stock warrants, convertible preferred stock, convertible bonds C) convertible bonds, convertible preferred stock, stock warrants D) stock warrants, convertible bonds, convertible preferred stock

Business