FIN 3440 Study Guide - Midterm Guide: Geico, Customer Retention, Usaa
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Any damages to the building structure Temporary living expenses, like hotel Your monthly paycheck |
Major medical Comprehensive major medical Nursing home care Long-term care |
Your son falls down the stairs of your home Your automobile is stolen Your dog bites the neighbor Smoke from the fireplace fills your house |
Needs approach Cash liquidity approach Funds analysis approach |
Protect you from the risk of loss Supplement your income Help you from making bad decisions |
Hospital and surgical expenses Hospital, and surgical and physician expenses There is no basic health-care insurance |
The cost of treating injuries, rehabilitation, lost wages, and funeral costs Damage or theft of your car All of the above |
contingent beneficiary policyholder insured |
Costs more than other types of life insurance Has premiums that decrease over one's lifetime Pays benefits to the insured when the insured reaches age 65 |
to provide protection from financial losses as an investment to cover personal property |
1). All of the following statements are false except
an investment bank is a financial firm that assists organizations in raising funds.
a corporation often deposits excess cash in an investment bank.
an investment bank provides checking services for large corporations.
most investment banks help investors buy and sell a corporation's stock.
under current laws, an investment bank provides services to individuals but cannot provide banking services to corporations.
2). (TCO 5) Dave Harris has just purchased a bond with a face value of $1,000 that pays 6%. The purchase price of the bond was $900, and the bond will mature in 5 years. What is the yield to maturity for this bond?
5.5% |
6.0% |
9.0% |
8.4% |
9.8% 3) (TCO 5) A characteristic of serial bonds is that they
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12). (TCO 7) Marion would be acting in the capacity of a(n) _____ if she is selected to manage the assets of her 16-year-old niece until the niece reaches the age of 21.
executrix |
trustee |
guardian |
beneficiary |
administrator |