Mr. Smith bought a property for $72,000 with a $20,000 cash down payment and a $52,000 loan. The loan did not require interest and did not require any payments for one year. One year later, he sold the property for double its purchase price. Each dollar of his original cash investment is now equal to:

The interest paid by the issuer of commercial paper is determined by the size of the discount and the length of time to maturity

Indicate whether the statement is true or false

One reason that it is difficult for companies to teach or encourage ethical behavior is that the character traits that constitute ethical virtues have little value in the world of business

A. True B. False