As market rates of interest rise, investors move their funds into bonds, thus increasing their price
and lowering their yield.
Indicate whether the statement is true or false
FALSE
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The value of an apartment building is being determined by the income approach. Under which of the following circumstances would the appraiser make a deduction from effective gross income for the cost of management:
A: The owner manages the property; B: One of the tenants manages the property and is excused from making rent payments for his unit; C: One of the tenants who lives in a nearby building owned by the owner manages both properties, free of cost to the owner; D: All of the above.
All parties are discharged from liability on a negotiable instrument when ________
A) the instrument is presented for payment B) the signature of the indorser is intentionally struck out C) the instrument is accidentally destroyed or mutilated D) a drawee in good faith pays an unaccepted instrument in full to the holder