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1. The Securities and Exchange Commission (SEC) is contemplating issuing a set of rules dealing with the back dating of securities for sale. Would the SEC prefer to proceed through formal or informal rulemaking? Why?

2. You decide to buy a house for $300,000. You plan to put down payment of $50,000 and borrow the remaining amount from a bank. The bank charges an interest rate of 8% compounded monthly. If you pay back the loan over 30 years, what will your monthly payments be (rounded to the nearest dollar)?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92772375

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