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1. You have the auto insurance covering the legal minimums as required by your state. Your car suffers $10,000 in damage from a torrential flood. You have a $1,000 deductible. What part of the $10,000 damages is covered by your basic insurance, if any?

2. LKD Co. has 12 percent coupon bonds with a YTM of 8.3 percent. The current yield on these bonds is 9.7 percent. How many years do these bonds have left until they mature?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92681942

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