Identifying information on your credit report is collected

Assignment Help Financial Management
Reference no: EM131064625

1) If there is bad information on your credit report, what is the best thing you can do?

a. make on time payments

b. keep your balances owed low

c. get as much positive history between then and now

d. all of the above

2) Credit bureaus:

a. will send you a free copy of your credit report whenever you ask.

b. may charge up to $20 for a copy of your credit report.

c. are required to correct errors only when a creditor asks them to.

d. all of these

e. none of these

3) The identifying information on your credit report is collected from whom?

a. your parents

b. your employer

c. your creditors

d. your landlord

4) When is variety in your use of credit going to become more important?

a. right after high school

b. after your first child

c. as you get into your 30's and 40's

Reference no: EM131064625

Questions Cloud

Process of preparing a production cost budget : Mama Italiano Sauce is in the process of preparing a production cost budget for May. The actual costs in April were: Mama Italian Sauce Production Cost Budget April 2008 Production - Jars of sauce 20,000 Ingredient cost (variable) $16,000 Labor cost ..
Holding period yield on this investment : Exactly three years ago, you purchased a $1,000 face value bond for $1,211.16. The coupon rate was 6.5 percent with interest paid semiannually. Today, you sold that bond for $1,089.54. What was your rate of return for the 3-year period, or holding pe..
Estimated value of the synergistic benefits from the merger : Holmes, Inc., has offered $542 million cash for all of the common stock in Watson Corporation. Based on recent market information, Watson is worth $504 million as an independent operation. If the merger makes economic sense for Holmes, what is the mi..
Identifying information on your credit report is collected : If there is bad information on your credit report, what is the best thing you can do? The identifying information on your credit report is collected from whom? When is variety in your use of credit going to become more important?
Using the percentage of sales method : Baldwin Products Company anticipates reaching a sales level of $6 million in one year. The company expects earnings after taxes during the next year to equal $400,000. Using the percentage of sales method, calculate the additional financing Baldwin P..
Establishing a high level of creditworthiness : Always paying cash is helpful in establishing a high level of creditworthiness. Credit reports contain non-discriminatory information. Understanding how credit works and how it relates to you is important for many aspects of your life. Bounced checks..
What is the current value of the lease : Your car dealer is willing to lease you a new car for $309 a month for 48 months. Payments are due on the first day of each month starting with the day you sign the lease contract. If your cost of money is 4.1 percent, what is the current value of th..
What is the estimated value of preferred stock : Several years ago, Rolen Riders issued preferred stock with a stated annual dividend of 10% of its $100 par value. Preferred stock of this type currently yields 7%. Assume dividends are paid annually. What is the estimated value of Rolen's preferred ..

Reviews

Write a Review

Financial Management Questions & Answers

  Learned from the subprime mortgage meltdown

What lessons can be learned from the subprime mortgage meltdown? Could a similar crisis occur (perhaps in the student loan market) in the future? Were the big banks the only ones responsible?

  What is the current share price

Apocalyptica Corp. pays a constant $7.85 dividend on its stock. The company will maintain this dividend for the next 12 years and will then cease paying dividends forever. If the required return on this stock is 9 percent, what is the current share p..

  Effective annual interest rate of these discount loans

Faircross Farms harvests its crops four times annually and receives payment for its crop 90 days after it is picked and shipped. However, planting, irrigating, and harvesting must be done on a nearly continual schedule. What is the effective annual i..

  What is the variance of a portfolio composed

Stock A has exhibited a standard deviation in stock returns of 0.5, whereas Stock B has exhibited a standard deviation of 0.6. The correlation coefficient between the stock returns is 0.5. What is the variance of a portfolio composed of 70 percent St..

  Retirement fund

You want to earn the equivalent of $3500 per month over the expected 25 years of your retirement. You plan to retire in 40 years and can earn 12% on your savings till retirement and 8% on the retirement fund once you retire. How much will you have to..

  Find the price of an equivalent bond without the call option

ABC Manufacturing Company makes baseball equipment. The company decides to issue a callable bond that it expects to sell for $820 per bond. If the bond is a twenty-year semi annual bond with a 8% coupon rate and a current yield to maturity of 9%, wha..

  What is the return shareholders are expecting

Ecolap Inc. (ECL) recently paid a $0.42 dividend. The dividend is expected to grow at a 10.50 percent rate. The current stock price is $47.32. What is the return shareholders are expecting?

  Magazine sweepstakes and opted to take unending payments

You just won the magazine sweepstakes and opted to take unending payments. The first payment will be $35,000 and will be paid one year from today. Every year thereafter, the payments will increase by 2% annually. What is the present value of your pri..

  Futures contract and collar based on gold options

You have just been hired as the finance director of a firm that mines gold from a gold mine and sells gold on the world market. Production is stable, but you notice that the spot price of gold varies a lot. Compare the following two strategies for he..

  Estimated market value of the promised payment at maturity

A “century” bond has a 6 percent coupon rate and makes semiannual payments ($30 every six months). The yield to maturity is 4 percent and the maturity date is December 11, 2115. You should assume that today is December 11, 2015. What is the estimated..

  Explain different option valuation methods

Explain different option valuation methods. Use the different valuation methods to value a specific option. Differentiate the intrinsic and extrinsic valuations of the option and explain how they evaluate what the different extrinsic factors are tell..

  Prepare marginal cost of capital schedule

The debt consists of 20-year, 8 percent, $1000 bonds, presently selling at $701.25. Flotation costs on new bonds would raise the effective before tax interest cost to 0.5 percent above the yield to maturity on existing debt. At least half of the net ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd