3.__________ may provide "sliver" equity to a project as an incentive to obtain the bid.

 Insurance companies

 Pension funds

 Construction companies

 Governments

4. Which of the following statements about timeshares and fractionals are not true?

A. Developers of timeshares sell each hotel room a right of use to the owner on a per week basis for the life of the property or a number of stated years at a price

 B.The length of time for fractionals is normally shorter than one week, and some may be only a couple of days

C.  Generally, fractional owners buy fractional ownership of the property and not just the right to use

D.  Some timeshares may have a deeded interest, but most do not

5. Jimmy is expanding his restaurant and is looking at financing this project with a 40% debt and 60% equity. He is able to get a loan at 10%. The tax rate is 35%. What is Jimmy's cost of debt after tax?

 10%

 6.5%

 3.5%

 2.6%