Margo maker executed and delivered a negotiable promissory note for $10,000 to acme bank and trust. the note, while in acme’s possession, was altered from $10,000 to $100,000. acme sold the altered note to wherever life insurance company for $95,000. the endorsement from acme to wherever is without recourse. wherever life insurance company then sells the note to harrison holder for $95,000. wherever’s endorsement to harrison holder is without recourse and warranty. at maturity, harrison holder presents the note to margo maker for payment. can harrison holder recover $100,000 from margo maker? does harrison holder have a right to recover against acme bank and trust? does harrison holder have a right to recover against wherever life insurance company?

Uestion 7 you hold a portfolio consisting of a $5,000 investment in each of 20 different stocks. the portfolio beta is equal to 1.12. you have decided to sell a coal mining stock (b = 1.00) at $5,000 net and use the proceeds to buy a like amount of a mineral rights company stock (b = 2.00). what is the new beta of the portfolio?

Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). however, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due). what is the future value of a 13-year annuity of $2,800 per period where payments come at the beginning of each period? the interest rate is 9 percent. use appendix c for an approximate answer, but calculate your final answer using the formula and financial calculator methods. to find the future value of an annuity due when using the appendix tables, add 1 to n and subtract 1 from the tabular value. for example, to find the future value of a $100 payment at the beginning of each period for five periods at 10 percent, go to appendix c for n = 6 and i = 10 percent. look up the value of 7.716 and subtract 1 from it for an answer of 6.716 or $671.60 ($100 × 6.716)

Why has the free enterprise system been modified to include some government intervention?