Calculate the Legal Due Date of a $10 000, 120-Day

question 41

Multiple Choice

Calculate the legal due date of a $10 000, 120-day note with interest at 4.56% dated March 31, 2012.

• A) July 28
• B) July 29
• C) August 1
• D) August 2
• E) August 3

---

Definitions:

Overvalued Stocks

Stocks with market prices that are higher than their intrinsic value, often due to speculative demand rather than underlying company fundamentals.

Production Techniques

Methods and processes used in the transformation of inputs into outputs (goods or services).

Efficient Markets Hypothesis

A financial theory suggesting that asset prices fully reflect all available information, making it impossible to consistently achieve higher than average returns.

Fundamental Analysis

A method of evaluating a security to measure its intrinsic value by examining related economic, financial, and other qualitative and quantitative factors.