Answer:
The floating exchange system
Explanation:
The floating exchange rate is a system where the Forex market determines the currency price of a country relative to other currencies. The forces of demand and supply drive the prices.
In the floating exchange system, governments do not directly fix their exchange rates as they do in the fixed-exchange-rate. However, through central banks' monetary policies, governments try to keep their currency prices competitive for international trade.
Answer:
10.51%
Explanation:
The computation of the bond equivalent yield is shown below:
Given that
Par value at redemption = $10,000
Bond price = $9,720
Number of days of maturity = 100 days
Now
Profit of holding this bond = Par value at redemption - Bond purchase price
= $10,000 - $9,720
= $280
Now yield from the 100 days
= profit from holding the bond ÷ Purchase price of the bond
= $280÷ $9,720 × 100
= 2.88
Now the yield annualized is
= 2.88 × 365 days ÷ 100 days
= 10.51%
Answer:
to determine her income level, we must add Mary's net salary during the first 3 months + total unemployment benefits for the first 13 weeks (April, May and June) + unemployment benefits for the next 13 weeks (July, August and September) + her normal income received during the last part of the year
total income = ($40,000 x 1/4) + ($947 x 13 weeks) + ($347 x 13 weeks) + ($40,000 x 1/4) = $10,000 + $12,311 + $4,511 + $10,000 = $36,822
total spending = normal spending level during 6 months + reduced spending level for the other 6 months
total spending = ($39,000 x 1/2) + ($39,000 x 1/2 x 9/10) = $19,500 + $17,550 = $37,050
Answer:
$0 stock basis; $10,000 debt basis
$1,000 (original stock basis) + $4,000 ordinary income − $7,000 distribution = $0 stock basis and a $2,000 distribution in excess of stock basis generating $2,000 of capital gain. Debt basis is not reduced by distributions.
Explanation:
