An owner abandoned his van in an alley in chicago. in spite of repeated complaints to the police, the van was allowed to remain in the alley. after several months, it was stripped of most of the parts that could be removed. jamin ortiz, age 11, was walking down the alley when the van’s gas tank exploded. the flames from the explosion set fire to jamin’s clothing, and he was severely burned. jamin and his family brought suit against the city of chicago to recover damages for his injuries. could the city be held responsible for injuries caused by property owned by someone else? why or why not? [ortiz v. chicago, 398 n. e.2d 1007 (ill. app.)]

Suppose the government decides to issue a new savings bond that is guaranteed to double in value if you hold it for 20 years. assume you purchase a bond that costs $25. a. what is the exact rate of return you would earn if you held the bond for 20 years until it doubled in value? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) b. if you purchased the bond for $25 in 2017 at the then current interest rate of .27 percent year, how much would the bond be worth in 2027? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) c. in 2027, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value in 2037. what annual rate of return will you earn over the last 10 years? (do not