You are currently earning 12% compounded semiannually. Your investment company is switching
all accounts to daily compounding. What rate will give you the same effective annual rate of return
as you are receiving now?
A) 10.83% B) 11.66% C) 10.97% D) 11.89%
B
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Which of the following is true of price skimming?
A) It is effective in situations in which competitors are able to undercut prices easily. B) It can be profitably used when the product's quality and image support its price. C) It involves underpricing products so that companies make larger sales. D) It is ineffective in situations in which competitors are unable to enter the market easily. E) It leads to a situation in which the company completes more, though less profitable, sales.
While answering a complaint, a defendant cannot assert affirmative defenses
Indicate whether the statement is true or false