An Executor May

question 20

Multiple Choice

An executor may

• A)account for newborn children if not included as beneficiaries.
• B)adjust the preferential share.
• C)be a beneficiary of the will.
• D)determine the value for the assets.

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Definitions:

Periodic Bond Interest Payments

The regular interest payments made to bondholders during the life of the bond.

Present Value

The immediate value assigned to a future sum of money or cash movements, based on a particular return rate.

Interest Period

The duration over which interest is calculated on a loan or investment, which could be monthly, quarterly, semiannually, or annually.

Bond Indenture

A legal document specifying the terms, conditions, and details of a bond issued by a corporation or government entity.