An investor is considering a 20-unit apartment building that is 10 years old and in excellent condition.
The purchase price is $700,000 with the land being valued at $50,000. The investor plans to sell the property after 4 years and anticipates paying selling costs of 6% of the sales price. The value of the property is expected to increase 2.5% annually over the 4-year holding period. The property is depreciated using the straight-line method over 27.5 years. The investor is in the 28% marginal income tax bracket and faces a 20% capital gains tax rate. The taxable gain/loss and capital gains tax due on the sale of the property at the end of year 4 would be closest to:

When the level of market interest rates is anticipated to fall (select the best answer):

Beginning accounts receivable $ 50,000 Ending accounts receivable $ 30,000 Net sales $600,000
Cost of goods sold $375,000 Operating expenses $ 80,000
What was the amount of cash received from customers?

Kevin Pol is an independent research analyst who identifies various opportunities for various companies in the market and receives a fee for doing this. He currently researches general equities and debts for PLU Brokerage House for a flat fee. He has recently identified a fantastic opportunity in the debt area. Kevin sells this opportunity to LOY Brokerage House for a fee. PLU is now upset with Kevin for not bringing this debt opportunity to them, and accuses him of violating the Code and Standards. Is this so?

Which bond has the longest duration?