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You are interested in leasing an automobile for your company.You find that the lessor is offering you a 5-year lease on a car when the economic life on this car is considered to be 5.5 years.What type of lease must this be classified as if you agree to the terms?
Value Weighted Index
An index in which each constituent is weighted according to its market value, reflecting the performance of the market based on total capitalization.
Share Weighted Index
A stock market index in which each company is weighted according to the total value of its outstanding shares.
Price Weighted Index
A stock market index in which each company's stock influences the index in proportion to its price per share.
Adjustable Rate Mortgage
A type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan according to market conditions.
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