Jenny and Joey have seven children and are expecting another. Joey is the primary income provider for his family, and the couple recognizes that the growing family is in need of life insurance

To begin the agent search process, Jenny and Joey make a list of prospects from reputable companies. Both Jenny and Joey prefer to speak to an agent with a life insurance certification. What life insurance agent designation do you recommend?
A) CLU
B) LICA
C) AIA
D) CIR

Answer: A

Business

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The Cougar Corporation has issued 20-year semiannual coupon bonds with a face value of $1,000. If the annual coupon rate is 10% and the current yield to maturity is 12%, what is the firm's current price per bond?

A) $850.61 B) $849.54 C) $1,170.27 D) $1,171.59

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What will be an ideal response?

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