You own a bond issued by the Canadian Pacific railroad that promises to pay the holder $100 annually forever. You plan to sell the bond five years from now. If similar investments yield 8% at that time, how much will the bond be worth?
A) $918.79 B) $1,014.28 C) $1,250.00 D) $1,489.42 E) $1,958.20
In Royal Indemnity Co.v.Tyco Fire Products,LP,the case in the text,why did the high court of Virginia affirm the trial court's judgment?
A) Tyco did not provide an express warranty of future performance for an indefinite period of time. B) The technical data sheet contained an express warranty of future performance. C) Royal's delay was excused because of the discovery rule. D) The record indicated that the language of the technical data sheet became part of the basis of the bargain.