I Know That Harper Is a Millionaire, but He Couldn't

question 283

Multiple Choice

I know that Harper is a millionaire, but he couldn't have earned that money all by himself-at least not honestly. Harper is a total fool without a shred of business sense, and he wastes every spare nickel on idiotic video games.

• A) Appeal to pity.
• B) Argument against the person, abusive.
• C) No fallacy.
• D) Accident.
• E) Argument against the person, circumstantial.

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Definitions:

Present Value

The current estimation of a future quantity of money or sequences of cash inflows, figured with an explicit rate of return.

Serial Bonds

Bonds that mature in installments at regular intervals over a period of time rather than having a single maturity date.

Debenture Bonds

Unsecured bonds that rely on the creditworthiness and reputation of the issuer for support, rather than collateral.

Convertible Bonds

Bonds eligible for conversion into a specific quantity of a company's stock at various points throughout their tenure, typically at the option of the holder.