Clancy owned a farm that included a large apple orchard. in september, just before the apples were harvested, he sold the farm to ned but the contract made no mention of the apple trees or apples.

a) ned owns both the trees and the apples.
b) ned owns the trees but not the apples.
c) ned owns the apples but not the trees.
d) none of the above.

If a bond is issued at a premium the effective interest rate is most likely

Which term refers to the cost that motivates an economic decision

Afinancial institution, the thriftem bank, is in the process of formulating its loan policy for the next quarter. a total of $12 million is allocated for that purpose. being a full-service facility, the bank is obligated to grant loans to different clientele. the following table provides the types of loans, the interest rate charged by the bank, and the possibility of bad debt as estimated from past experience.type of loaninterest rateprobability of bad debtpersonal.140.10car.130.07home.120.03farm.125.05commercial.100.02 bad debts are assumed unrecoverable and hence produce no interest revenue either. competition with other financial institutions in the area requires that the bank allocate at least 40% of the total funds to farm and commercial loans. to assist the housing industry in the region, home loans must equal at least 50% of the personal, car, and home loans. the bank also has a stated policy specifying that the overall ratio for bad debts on all loans may not exceed .04. formulate this problem as a linear program. define your variables clearly and write all the constraints explaining the significance of each.