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Pam bought Mississippi State Lottery tickets. Several days later, she learned that someone had won the lottery but that the winner had not yet come forward. She searched for her ticket to see if she had selected the winning numbers, but was unable to find it. Although the lottery ticket was gone, Pam still possessed the play slip she had used when she purchased the ticket. She checked the numbers on the play slip and discovered that she had the winning numbers for the lottery. Reasoning that the play slip would satisfy the Lottery office, Pam laid her claim. The Lottery Office took the position that Pam needed to produce the actual winning ticket as per the rules, and it denied her claim. Pam sued the Lottery Office for breach of contract and unjust enrichment. Will she succeed?
A. Yes, because the pay-slip should be proof enough to substantiate her claim on the prize money. B. Yes, because this is a good faith claim and Lottery Office should accept Pam's pay-slip as proof of her winning the lottery. C. No, because Pam had made a mistake in losing the original ticket. D. No, because the rules of the contract prescribed the ticket must be shown to claim the money. Pam had accepted that rule when she entered into the contract and thus she is now precluded from claiming the prize money.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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