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2 years ago

All of the following information about a customer must be used in determining annuity suitability EXCEPT

Business

1 answer:

jenyasd209 [6]2 years ago

5 0

Answer:

The correct option is c. Beneficiary 's age

Explanation:

For determining the annuity suitability of a customer, the producer determines the following things which include financial status, customer age, taste and preference, tax status, annual income, financial experience, etc.

These things are important to judge the customer preference, and their bargaining power so that it becomes easy for producers to achieve their sales targets.

Therefore, beneficiary's age is not a criterion to determine annuity suitability.

Hence, The correct option is c. Beneficiary 's age

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A stock that sold for $22 at the beginning of the year was sell- ing for $24 at the end of the year. If the stock paid a dividen

MrRa [10]

Answer:

11.36%

Explanation:

Given:

Selling cost of the stock at the beginning of the year = $22

Selling cost of the stock at the End of the year = $24

Dividends received = $0.50 per share

Thus,

The actual amount received at the end of the year

= Selling cost of the stock at the End of the year + Dividends received

= $24 + $0.50

= $24.50

thus,

the interest received = $24.50 - $22 = $2.50

therefore, the rate of interest = $\frac{\textup{Interest}}{\textup{Initial amount}}\times100$

the rate of interest = $\frac{2.50}{22}\times100$

the rate of interest = 11.36%

7 0

2 years ago

Which of the following statements is correct? Select one: a. Financial institutions in other countries generally are less regula

dexar [7]

Answer:

Explanation:

Domestic firms go global in order to enter unsaturated markets

Not all countries report their financial statements in US dollars

Firms can avoid labour laws that apply to foreign manufacturers by establishing manufacturing units in the country where the hurdles don't apply

Due to cultural differences, different marketing strategies have to be applied

4 0

3 years ago

Union Local School District has bonds outstanding with a coupon rate of 4.9 percent paid semiannually and 20 years to maturity.

RUDIKE [14]

Answer:

Ans. Price of the bond is $9,250.57

Explanation:

Hi, first we need to establish the semi-annual coupon of the bond and the semi-annual discount rate (YTM semi-annually)

Coupon=10000*(4.9%/2)= $245

To turn the annaul YTM to semi-annual, we have to use the following equation

$YTM(semi-annual)=(1+YTM)^{\frac{1}{2} } -1$

$YTM(semi-annual)=(1+0.056)^{\frac{1}{2} } -1=0.0276$

After all this, we are ready to find the price, here is the math of this.

$Price=\frac{245((1+0.0276)^{39}-1) }{0.0276(1+0.0276)^{39} } +\frac{(245+10000)}{(1+0.0276)^{40} } =9250.57$

Best of luck.

4 0

3 years ago

According to the textbook, globalization involves international exchange. included in this exchange is trade in goods and servic

Bogdan [553]

I think it might be C, I'm not sure but I think it is.

Hope this helped. Have a great day! :D

8 0

3 years ago

What is the line manger

Lesechka [4]

Answer:

it a person that is in line to be the nexted manger

Explanation:

5 0

2 years ago