Which of these liens has the third highest priority

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Reference no: EM132062747

1. Which of these Liens has the 3rd highest priority?

First Mortgage Lien for $257,300 filed in 2002

Second Mortgage Lien for $74,000 filed in 2005

Property Tax Lien for $12,500 filed in 2005

Mechanic’s Lien for $16,050 filed in 2000

General Lien filed for $22,000 in 2001

2. Which of the following statements is correct?

a. A bond with a coupon rate equal to its current yield to maturity pays no coupons.

b. A bond with a coupon rate above its current yield to maturity sells at a discount.

c. A bond with a coupon rate above its current yield to maturity sells below its par value.

d. A bond with a coupon rate above its current yield to maturity sells at a premium.

e. A bond with a coupon rate below its current yield to maturity sells above its par value.

3. Deep Hollow Welding is considering a project that provides an annual cash inflow of $150,000 for the first six years, $200,000 per year for Year 7 through Year 9, and $100,000 for Year 10. The project requires an initial investment of $1 million. If the firm’s required return for this project is 10 percent, what is the net present value?

$27,404

$110,320

$56,887

$126,813

$96,774

Reference no: EM132062747

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