Because convertibility is a desirable feature for investors, convertible bonds tend to offer a higher return than nonconvertible bonds

The Unruh Act is a state law in California that prohibits discrimination in a place to which of the following.

a. Business establishment. b. Industrial complexes. c. Individuals. d. Public places of entertainment only.

And buyer has a proposed monthly mortgage payment of $1,300, a monthly car payment of $350, a monthly student loan payment of $200, and a monthly income of $4,800. He is applying for a conventional loan that allows a 28% housing expense to income ratio with a 36% debit to income ratio. Which of the following is true?

A. Both housing expenses and debit to income ratios are acceptable B. Housing expenses to income ratio is acceptable, but debit to income ratio is not acceptable C. Debit to income ratio is acceptable, but housing expenses to income ratio is not acceptable D. Neither housing expenses nor debit to income ratio is acceptable