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Clark Was at Computerheaven Ltd

question 39

Multiple Choice

Clark was at Computerheaven Ltd.and asked for a box of the highest grade computer paper.Don,the employee,went to the back to get it,but he didn't know which was the best grade paper of the five choices available.He took out a box of paper called "superstuff" and told Clark that was the highest grade paper,even though he wasn't sure it was.Clark bought it.On the way out,Clark,a successful freelance computer programmer for the last five years,asked Don some questions about a new laser printer on display.Don started giving Clark his sales pitch,and Clark said with a smile,"I don't think you know what you're talking about." Don flushed and yelled,"You go to hell! You call yourself a programmer and you don't know anything about programming.You're a first class fraud!" A client of Clark's overheard this conversation.Clark called Don a "jerk" and left to go.As he was walking out the door,Don threw a hard disk at him and hit Clark in the back of the head.Considering the legal meaning of the following,indicate which of the following would not be successful given these facts.

Definitions:

Preferred Share

A class of ownership in a corporation with a higher claim on assets and earnings than common stock, often receiving dividends before common shareholders.

Discount Rate

The interest rate that the Federal Reserve charges commercial banks for loans, or a rate used in discounted cash flow analysis to determine the present value of future cash flows.

Compounded Semi-annually

Interest calculation method where the interest is added to the principal twice a year, leading to a growth in the amount at a faster rate than simple interest.

Compounded Quarterly

This term refers to the calculation and addition of interest to the principal sum of a deposit or loan on a quarterly basis.