Answer:
Explanation:
In a scenario such as this one, the broker-dealer is not required to disclose whether any guarantee of growth was made by the representative to induce the giving of the testimonial. This is backed by the FINRA rule on testimonials used in communications which states the following:
“Retail communications or correspondence providing any testimonial concerning the investment advice or investment performance of a member or its products must prominently disclose the following:
- The fact that the testimonial may not be representative of the experience of other customers.
- The fact that the testimonial is no guarantee of future performance or success.
- If more than $100 in value is paid for the testimonial, the fact that it is a paid testimonial.”
Answer:
there will be a surplus of retail workers in this labor market.
Explanation:
In the attached diagram the scenario is illustrated.
When the minimum wage is above the equilibrium wage it means that the minimum wage is above what employees are willing to pay workers. So employees will be less wiling to pay this amount.
There will be a reduction in the number of available slots for workers.
On the other hand workers will receive higher wage than they expected but since the slots for work are now limited there will be a surplus of labour in the market
Answer:
(a) $332,000
(b) $312,000
(c) $760,000
Explanation:
(a) Her realized gain or loss
Mathematically, Realized gain or loss = Amount realized - Adjusted Basis = (120000 + 780000 + 192000) - 760000.
= 1092000 - 760000
= $ 332000
(b) Her Recognized gain.
Mathematically, her recognized gain = Amount received in cash + Amount received in Mortgage = 120,000 + 192,000 = $312,000
(c) Basis of newly acquired office Building.
Mathematically:
Basis of newly acquired building = Fair market value of building - (realized gain - recognized gain) = (780,000)-(332,000-312,000) = 780,000-20,000 = $760,000
<h3><u>
Answer:</u></h3>
One Price Rule with Conditions Met set to Custom, three Price Conditions, and one Price Action
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Explanation:</u></h3>
The price rule record has the price rule, condition and action. The price rule must be explained clearly. Price condition is comparison of one field value with the other field value. The price rules contain conditions and the price rule can have an infinite number of conditions.
But for the above given questions we have 3 conditions. When the price rule meets by the conditions given it performs a particular action. Some of the fields in the price rule cannot be edited and and have security.
Answer:
$498.94
Explanation:
1 year interest rate = 5%
11 year interest rate = 7%
10 year spot interest rate at end of 1 year = [{(1+0.07)^11 / (1+0.05)}^(0.1) - 1]
10 year spot interest rate at end of 1 year = [(2.104852/1.05)^0.1] - 1
10 year spot interest rate at end of 1 year = 1.07202083615 - 1
10 year spot interest rate at end of 1 year = 0.072021
10 year spot interest rate at end of 1 year = 7.202%
Face value = $1,000
Forward Price of contract = $1000/(1+0.0720)^10
Forward Price of contract = $1000/2.00423136
Forward Price of contract = 498.944392915
Forward Price of contract = $498.94