Prospective borrowers often submit loan requests directly to lenders. however, commercial loan requests can also be submitted through another channel in which a permanent lender agrees to purchase loans or consider loan requests from a mortgage banker or broker. this type of business relationship is more commonly referred to as a(n):
a)correspondent relationshipb)joint venturec)sale-leasebackd)installmen t sale

Jallouk corporation has two different bonds currently outstanding. bond m has a face value of $50,000 and matures in 20 years. the bond makes no payments for the first six years, then pays $2,100 every six months over the subsequent eight years, and finally pays $2,400 every six months over the last six years. bond n also has a face value of $50,000 and a maturity of 20 years; it makes no coupon payments over the life of the bond. the required return on both these bonds is 10 percent compounded semiannually. what is the current price of bond m and bond n?

While on vacation in las vegas jennifer, who is from utah, wins a progressive jackpot playing cards worth $15,875 at the casino royale. what implication does she encounter when she goes to collect her prize?

Jenna is saving for a sound system. while she is saving for her system, she finds the speakers for her system on sale for a good price and buys them. at the same time, mark is saving up to by a big-screen television. he sees some movies on sale and decides to buy them so that he can watch them on his new television when he buys it. which of the following statements best describes jenna's and mark's actions?