Which of the Following Is True Regarding the Uniform Electronic

question 7

Multiple Choice

Which of the following is true regarding the Uniform Electronic Transactions Act?

• A) It eliminates all effects of the mailbox rule.
• B) It provides that offers may not be accepted electronically but otherwise retains aspects of the mailbox rule.
• C) It provides that acceptances may not be made electronically but otherwise retains aspects of the mailbox rule.
• D) It seems to create an electronic version of the mailbox rule.
• E) It delays the effect of the mailbox rule by 8 hours.

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Definitions:

Discount

A reduction in the price of a good or service, or in finance, the process of determining the present value of a payment or stream of payments that is to be received in the future.

Yield To Maturity

An investor's annualized return on a bond if held to its maturity date, considering all coupon payments and the principal repayment.

Zero Coupon Bond

A debt security that doesn't pay periodic interest but is traded at a deep discount, providing profit at maturity when the bond is redeemed for its full face value.

Current Yield

The annual income (interest or dividends) divided by the current price of the security.