Explain how the 2004-2007 housing bubble led to over a million foreclosures
Between 2004-2007, a real estate buying frenzy drove up the price of housing, creating a housing bubble. During this buying frenzy, many mortgage lenders ignored wise lending practices and loaned money to a significant number of people who were not good candidates for repaying the loans. In addition, some banks and mortgage lenders badly abused the system by offering deceptive loans that took advantage of many buyers. When the housing bubble burst, real estate prices fell and these homebuyers owed more money on their homes than their homes were worth. Those who couldn't make payments went into foreclosure.
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Any standard health insurance policy provision that is in conflict with a state statute
A) is deleted entirely from the policy B) is kept in the policy verbatim, but with a rider added C) is automatically amended to conform to the state statute D) supersedes the statute and remains in force
Yantai Food, Inc. has issued a bond with par value of $1,000, a coupon rate of 9 percent that is paid semi-annually, and that matures in 10 years. What is the value of the bond if the required rate of return is 12 percent?
What will be an ideal response?