The maximum value of a target firm to the buyer = the value to the seller – the value added by the buyer. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
Unscheduled personal property loss A) is not covered under a typical homeowners’ policy. B) is usually reimbursed at replacement cost. C) is rarely subject to loss limits. D) covers personal property items that are not specifically listed in the policy. ANSWER D
Date: September 19th, 2020
An annuity that begins payments one period from the date it is purchased is known as a(n) A) deferred annuity. B) ordinary annuity. C) immediate annuity. D) accumulating annuity. ANSWER C
Date: September 19th, 2020
The ability to deduct student loan interest is phased out at higher incomes. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
Exchange-traded funds are less tax efficient than many other mutual funds. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
Employer sponsored group health care insurance A) is typically poor coverage requiring supplemental private insurance. B) generally provides employees with no control over their health care coverage. C) usually provides the employee with a choice of two or more health care alternatives. D) is almost always entirely paid for through employee paid premiums. […]
Date: September 19th, 2020
To die “intestate” means to die A) while a resident of more than one state. B) without an heir apparent. C) without estate. D) without a valid will. ANSWER D
Date: September 19th, 2020
An inflation guard endorsement will A) protect you from a decline in housing prices by ensuring that you can resell your home for at least as much as you paid for it. B) protect you from a rise in housing prices by ensuring that you can resell your home for the initial purchase price plus […]
Date: September 19th, 2020
An advantage of trading exchange-traded funds is that you can do so without incurring commission costs. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
If you die intestate, A) there will be a state-mandated distribution of your assets. B) your estate will be distributed according to the terms of your will. C) your estate will be distributed entirely to your children with your wife receiving nothing. D) your estate will be distributed entirely to your wife with your children […]
Date: September 19th, 2020
