Superior-Plus Properties,Inc

question 14

Multiple Choice

Superior-Plus Properties,Inc.,and Topps Construction Company sign a contract that specifies the amounts to be paid for a building project at various stages and on its completion.Additional compensation may be justified by

• A)any business obstacles that arise after the time of the contract.
• B)changes in the market price of needed materials during the contract.
• C)extraordinary difficulties unforeseen at the time of the contract.
• D)no circumstances.

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Definitions:

Interest Rates

The percentage of an amount of money charged for its use per period, commonly expressed as an annual percentage rate.

Bond Investing

The act of investing in bonds, which are debt securities, with the expectation of earning a return from interest payments and potential price appreciation.

Annual Coupon Payment

The yearly amount paid to a bondholder, usually based on the bond's face value and its stated interest rate.

Current Yield

The annual income (interest or dividends) divided by the current price of the security, typically used in reference to bonds.