Which of the following statements is NOT correct? Select one a A 15-year mortgage will have a larger monthly payment that an otherwise similar 30-year mortgage b. An annuity due will have a higher present value that a similar ordinary annuity O c. If an investment earns 10% interest compounded annually, its effective rate will also be 10% O d. A bond with an annual coupon will have a higher value than a similar bond with a semi- annual coupon e. None of the above, they are all true Question 12 Not yet answered Points out of 10.00 P Flag questlion Which of the following statements about factoring accounts receivables is NOT correct? Select one a It can be a convenient and nearly costless source of financing b It can help a firm accelerate collections of cash C. It can become a spontaneous source of financing d It can be a flexible source ot financing 6/13/2018 5