Answer:
$267
Explanation:
Calculation for the amount of accrued interest on December 31, 2015
Accrued interest=20,000 x 8% x 60 days/360 days
Accrued interest= $267
Note that November 1, 2015 to December 31, 2015 will gives us 60 days while 360 days represent the number of days in a year
Therefore the amount of accrued interest on December 31, 2015 will be $267
Answer:
A <u>SUBPRIME</u> borrower is a borrower with a flawed credit history and an <u>ALT-A BORROWER</u> is a borrower who states his or her income but does not document or prove the amount of income.
Explanation:
Subprime borrowers are borrowers that have a bad credit score and because of this, any bank or other lending institution will either reject them as clients or charge them a really high interest rate on a loan.
An Alt-A borrower is in the middle between a prime borrower (good credit score) and a subprime borrower. He/she will not get rejected as often, but the interest rates will still be relatively high and the amounts of money borrowed tend to be smaller than prime borrowers. Some companies like Fannie Mae or Freddie Mac do not accept Alt-A borrowers, but most banks do.
Answer:
Interest rates will rise and GDP will fall
Explanation:
If the money supply falls, that makes money more valuable because there's less of it to go around. Interest rates will reflect this change in the value of money, with interest rates increasing because with money more valuable, there will be a greater opportunity cost to lending money. GDP, in turn, will fall, because money is one half of all economic transactions and so a decrease in the money supply necessarily decreases the number of economic transactions made.
Answer:
Business risk usually occurs in one of four ways: strategic risk, compliance risk, operational risk, and reputational risk.
Explanation:
Answer: The customer will receive $7,513 less any applicable commissions
Explanation: Based in the description made in the scenario above, with the initial execution report carrying a trade value different from the actual trading value of the shares. Since the error actually occurred in the initial execution report and not in the actual trade bargain, the the customer will receive $75.13 which happens to be the actual trading price as opposed to the $75.50 as reported initially. Hence, the initially issued and faulty execution report is withdrawn and the customer is issued with a corrected copy carrying a value of $75.13.
