1. Class, what are credit terms? What are the four credit policy variables? What is credit quality and how is it assessed?

2. Retirement plans with named beneficiary designations such as IRAs, SEPs, and SIMPLEs pass outside of the probate process True or False

3. Winter Time Adventures is going to pay an annual dividend of $2.50 a share on its common stock next week. This year, the company paid a dividend of $2.40 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth 10 years from now if the applicable discount rate is 8.0 percent?

$98.51

$98.10

$94.17

$90.69

$106.10