1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andreas93 [3]
3 years ago
11

Curtis invests $250,000 in a city of Athens bond that pays 7 percent interest. Alternatively, Curtis could have invested the $25

0,000 in a bond recently issued by Initech, Inc. that pays 9 percent interest with similar risk as the city of Athens bond. Assume that Curtis's marginal tax rate is 24 percent. What is Curtis's after-tax rate of return on the city of Athens bond
Business
2 answers:
Anna11 [10]3 years ago
7 0

Answer:

7%

Explanation:

Interest income if Curtis invested

250,000 x 9% = 22,500

After tax interest income = 22,500 - (22,500 x 24%)

= 17,100

After tax rate of return = 17,100/250000

0.068

Approximately 7%

Bas_tet [7]3 years ago
3 0

Answer:

7%

Explanation:

Municipal bonds (includes both state, county and city bonds) are not subject to federal income taxes, so the after tax rate of return on the city of Athens bond is the same as its coupon rate ⇒ 7%.

In a matter of reciprocity, US securities (federal government) are not subject to state or local taxes.

You might be interested in
Consider the market for Ping golf clubs. Suppose the price of memberships at local golf courses increases. Assume memberships at
Tema [17]

Answer:

Left

Explanation:

Complement goods are goods that are used together. If the price of one good goes up, consumers would demand less of the other good.

If the price of club membership increases, the demand for club membership would fall. Since membership has fallen ,there won't be need to purchase golf clubs as they are complements, so the demand for golf clubs would fall and the demand curve for golf clubs would shift to the left.

I hope my answer helps you

5 0
3 years ago
Locking a cell so that others cannot alter its contents is known as _____.
Readme [11.4K]
I would say the correct answer is cell protection. It is when you prevent others to edit or change the contents of certain cells in a sheet. In doing this, you first unlock all cells. Then, select the cells you want to lock then select the option to lock them. Hope this helped.
8 0
3 years ago
Which examples demonstrate tasks commonly performed in Visual Arts jobs? Check all that apply. Cliff sets up video equipment at
marysya [2.9K]

Answer:

3, 5, 6

Explanation:

On e2020

7 0
3 years ago
Read 2 more answers
During the direst part of the Great Depression, approximately ______ percent of the nation's workers was unemployed.
vova2212 [387]
29.4 percent of workers
7 0
2 years ago
Outdoor Living is a manufacturer of patio dining sets and outdoor furniture. Typically, customers purchase the company's product
Sonja [21]

Push strategy  would work best for Outdoor Living.

Option E

<u>Explanation: </u>

A pushing-marketing strategy, also known as a push advertising approach, is a technique by which a business tries to push its products to customers. In either a push marketing strategy it's meant for customers to continue at the time of purchase by using different active commercialization strategies to "drive" their goods.

It is beneficial for manufacturers who try to build a distribution channel and seek help from retailers in the marketing of goods. It provides access to goods, demand for products and consumer awareness of a commodity.

Demands can be forecast and consistent because the producer will generate and drive consumer products as much or as little.

Cost reductions can be accomplished if the commodity can be manufactured on a cost because of high demand.  

6 0
3 years ago
Other questions:
  • The owner of Fido's Pet Supplies wants to know how much dry dog food to stock in her new location. On her customer questionnaire
    6·1 answer
  • 6. Assume that as of August 1, 3,000 units of flat panel displays have been produced and sold during the current year. Analysis
    12·1 answer
  • Angola United Theaters, Inc. is considering opening a new movie theater in Angola, Indiana. The relevant cost of capital is 8%.
    10·1 answer
  • The Lakeside Inn had operating cash flow of $48,450. Depreciation was $6,700 and 15) interest paid was $2,480. A net total of $2
    5·1 answer
  • On December 31, Year 1, Taylor, Inc. signed a binding agreement with a bank for the refinancing of an existing note payable sche
    11·1 answer
  • Please determine which economic feature is described by the statements below. A __________ occurs as the result of a significant
    12·2 answers
  • An industry consists of three firms with sales of $250,000, $825,000, and $315,000. a. Calculate the Herfindahl-Hirschman index
    6·1 answer
  • Quantum Logistics, Inc., a wholesale distributor, is considering the construction of a new warehouse to serve the southeastern g
    9·1 answer
  • Notes Receivable differ from Accounts Receivable in that Notes Receivable: Multiple Choice generally charge interest from the da
    15·1 answer
  • Describe the key differences in how bank capital ratios change as GDP increases between large and small banks.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!