Tabitha has a client who purchases a life insurance contract and then asks her if it is okay to roll funds from another policy into this policy using a 1035 exchange. he also wishes to have some bank fund transfers sent to the insurance company and deposited into the cash value accumulation on this policy. this would best be identified as which of the following? a) modified endowment contract b) violation under tamra c) 7-pay test violation d) layering

Which of the following is an effective strategy when interest rates are falling? a. use long-term loans to take advantage of current low rates. b. use short-term loans to take advantage of lower rates when you refinance a loan. c. deposit to a short-term savings instrumentals to take advantage of higher interest rates when they mature. d. select short-term savings instruments to lock in earnings at a current high rates.

Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) wacc %

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak