Answer: A) Federal National Mortgage Association pass-throughs.
Explanation:
From the question, we are informed that a resident of Minnesota is in the 28% federal tax bracket and the 4% state tax bracket. This person must pay both federal and state taxes on Federal National Mortgage Association pass-throughs.
It should be noted that the securities of most government agencies in the United States are typically exempted from paying the local and state taxes but they have to pay federal taxes.
This reflects the philosophy of Andrew Carnegie.
He was a famous businessman, who is actually even now considered to be one of the richest people ever. However, he was a philanthropist as well, having donated over $350 million to various charities. The sentence above was his philosophy.
Answer:
Elastic demand means there is a substantial change in quantity demanded when another economic factor changes typically the price of the good or service, whereas inelastic demand means that there is only a slight or no change in quantity demanded of the good or service when another economic factor is changed.
Explanation:
Hope this helps
From,
1kvibing
Answer:
Given:
Firm with an average Price/Earning-Growth(PEG) ratio of 1.6, <em><u>the stock price is Overpriced, because it has Price/Earning-Growth(PEG) ratio of 1.
</u></em>
<em><u>where;</u></em>
PEG =
Price/Earning ration =
<em><u>
</u></em>
<u><em>Reason:</em></u> It can be stated that a PEG ratio of less than 1 denotes that<u><em> the stock is a good investment since it is below its “fair value.” </em></u>
If a PEG ratio is greater than 1 this will further means that stock is <u><em>relatively expensive,and overpriced.</em></u>
<u><em></em></u>
<u><em>Therefore, the correct option is (b) Overpriced, because it has Price/Earning-Growth(PEG) ratio of 1.
</em></u>