Question: May you please assist. I do not need the explanation. Thank you An annuity in which you receive an income for the rest of your

May you please assist. I do not need the explanation. Thank you

May you please assist. I do not need theMay you please assist. I do not need theMay you please assist. I do not need the
An annuity in which you receive an income for the rest of your life, but no payments are made to anyone after your death is called: Select one: O a. life annuity. O b. installment refund annuity. O c. fixed-term annuity. O d. money purchase pension plan O e. Registered Retirement Income Fund. Next p tura 12 16 17 18 19 20 21 22 2A call feature: Select one: O a. is only available with government securities. O b. is not available on corporate bonds. O c. allows bondholders to convert their bond to a specified number of shares of common stock. O d. allows the corporation to buy outstanding bonds from current bondholders before the maturity date. O e. is guaranteed by the corporation. Next pag enturaBank X has issued a convertible preferred share. The conversion factor is 3:1. The market price of the preferred is $42 with an annual dividend of $2.10. The market price of the common stock is $11 with an annual dividend of $0.52. At what price should holders of the preferred consider converting to common stock (ignoring dividends)? Select one: Oa. $11 O b. $42 O c. $28 O d. $21 Oe. $14 Next page

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