Everest Corporation (EC) plans to issue debt instruments into the international capital markets to raise funds. Explain to the chief financial officer (CFO) of EC the function of capital markets and the relationship between the issue of paper into the international capital markets and the foreign exchange market.
John is an energetic twenty-eight years old and busy entrepreneur concerned with the financial security of his family (wife, 5 years old daughter, and 3 years old son) in case he was involved in an accident and unable to work again or died suddenly. Briefly explain to John the distinguishing characteristics of whole-of-life and term-life policies provided by Life insurance offices. Which policy would you recommend to John to consider subscribing to?