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Mariana [72]
1 year ago
12

New york city, london, and tokyo are examples of ______ financial centers because of their fiscal transparency and strict tax po

licies.
Business
1 answer:
jenyasd209 [6]1 year ago
4 0

New York City, London, and Tokyo are examples of on-shore financial centers because of their fiscal transparency and strict tax policies.

What is the meaning of financial center?

A financial hub, often referred to as a financial center by the International Monetary Fund (IMF), is a city or region that serves as the headquarters for numerous different financial services organizations. With the use of the metaphorical term "hub," the financial services sector is compared to a wheel with a hub and spokes.

Which city is the financial centre of the world?

With the NASDAQ and the New York Stock Exchange, the two biggest stock exchanges in the world, New York is once again in the lead. London comes in second, bruised but unfazed by the aftershocks of Brexit. In the most recent rankings, Shanghai passed Tokyo to take third place worldwide.

Learn more about financial center: brainly.com/question/2338104

#SPJ4

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our Grandfather wants to establish a scholarship in his father’s name at a local university and had stipulated that you will adm
inn [45]

Answer:

The correct answer is Option A. you will need to deposit $111,111 so that you can fund the scholarship forever, assuming that the account will earn 4.50% per annum every year.

Explanation:

Perpetuity is the cash flows to be receivable for an unspecified period of time. The present value of a perpetuity is calculated as the cash flows divided by the interest rate provided.  

Given data;

Amount needed to be deposited = $5000

Interest rate = 4.50%

Present Value of Perpetuity = Cash Flows ÷ Interest rate  

= $5000 ÷ 0.045

= $111,111

3 0
2 years ago
17. The calculation of property tax is based on the
tekilochka [14]
A. assessed value of the home

I hope this helps
3 0
3 years ago
Read 2 more answers
Tutak Industries issued a $1,000 face value bond a number of years ago that will mature in eight years. Similar bonds are yieldi
s2008m [1.1K]

Answer: The coupon rate is 13%

Explanation:

We would first calculate the Coupon Payment and then later using the coupon payment we would compute the Coupon rate.

PV = \frac{FV}{(1+r)^{N} } + A [[\frac{1-\frac{1}{(1+r)^{N} } }{r} ]]

Where,

FV = $1,000

PV = $1,291.31

r = 8%

N = 8 Years

A = Coupon Payment

1291.31 = \frac{1000}{(1+0.08)^{8} } + A [\frac{1-\frac{1}{(1+0.08)^{8} } }{0.08} ]

Solve for A

A = 130.69

The coupon payment is $130

Coupon rate = (Coupon payment / Face value) x 100

                     = \frac{130}{1000} x 100

                     = 13 %

7 0
2 years ago
A bond with a $1,000 face value and a 10 percent annual coupon rate matures in 15 years. a. Determine the value of the bond to a
Licemer1 [7]

Based on the details given, the following are true:

  • a. Value of bond = $806.09
  • b. Your friend should invest in the bond with $1,000 face value

<h3>Value of Bonds </h3>

First find coupon:

= 10% x 1,000

= $100

Bond A

<em>= (Coupon x Present value interest factor of annuity, 13%, 15 years) + Face value of bond / ( 1 + 13%)¹⁵</em>

= ( 100 x 6.462) + (1,000 / 1.13¹⁵)

= $806.09

Bond B

= Face value - Current value

= 1,000 - 180

= $820

In conclusion, Bond B is overvalued so your friend should pick Bond A.

Find out more on Bond price calculation at brainly.com/question/25365327.

8 0
2 years ago
Jason, an African-American, and Robert, a Caucasian, both experienced welders, apply for two openings at Virgo Inc. Robert is hi
MakcuM [25]

Answer:

e. Virgo deals in building equipment that requires a certified welder and Jason is not a certified welder.

Explanation:

8 0
3 years ago
Read 2 more answers
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