Causes multi-vehicle accident on city street

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Reference no: EM131870339

1. Ralph, a van driver for Speedy Delivery Company, causes a multi-vehicle accident on a city street. Ralph and Speedy are liable to?

a. ?all those who were injured.

b. ?only those who were uninsured.

c. ?only those whose injuries could have been reasonably foreseen.

d. ?only those whose vehicles were closest to Ralph's van.

2. Chris pays $10,000 for a newly issued two-year government bond with a $10,000 face value and a 6 percent coupon rate. One year later, after receiving the first coupon payment, Chris sells the bond. If the current one-year interest rate on government bonds is 7 percent, then the price Chris receives is:

A) $10,000.

B) greater than $10,000.

C) $700.

D) less than $10,000.

Please show work.

Reference no: EM131870339

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