An investor buys a T bill with 180 days to maturity and $250,000 par value for $242,000. He plans to sell it after 60 days, and forecasts a selling price of $247,000 at that time. What is the annualized yield based on this expecta¬tion?

Explain the concept of social stratification

What will be an ideal response?

Which of the following statements respecting claims, if any, is TRUE?

A) The insured, pursuant to the policy, usually must give immediate notice of a claim to the insurer. B) The limitation period in which to bring an action on a contract of insurance is two years and that cannot be shortened by terms of the policy C) If an injured party has property insurance and gets paid in full,they cannot sue the person who caused the damage as that would be double recovery D) An insured may be awarded punitive damages if an insurer deals with a claim in bad faith E) Both A and D