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UkoKoshka [18]
3 years ago
14

Which provision of the purchase and sale agreement describes the circumstances under which the closing agent must withhold or no

t withhold taxes to pay to the Internal Revenue Service?
Business
1 answer:
salantis [7]3 years ago
3 0

Answer:

seller Citizenship and FIRTPA

Explanation:

The provision that ultimately decides this would be the seller Citizenship and FIRTPA. This is because a percentage of every sale is taxed and must go to the Internal Revenue Service, but a closing agent is only responsible for withholding taxes from investors that do not have Citizenship in the US. This is because they are not in the system and do not have any responsibilities towards the US government.

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A corporate bond has 22 years to maturity, a face value of $1,000, a coupon rate of 4.6% and pays interest semiannually. The ann
julia-pushkina [17]

Answer:

a. The answer is: $1,008.40

b. The bond's YTM is 3.343%

c. The current yield is 3.826%

Explanation:

a. Bond price formula: ∑(C* / (1+YTM)n )

The price of the bond Intro A with i=1,2...10 is:

∑($1,000 x 3.4% / (1 + 3.3%)i ) = $1,008.40

b.  The price of the corporate bond which has 22 years to maturity is: $1,202.20

Given that the bond is trading at par value, the bond's YTM is:

[Annual Interest Payment + ((Face Value – Current Price) / (Years to Maturity))] / ( ( Face Value + Current Price ) / 2 )

= [$1,000 x 4.6% + (($1,000 - $1,202.20) /  22)]  / (($1,000 + $1,202.20) /2)

= 3.343%

c. The bond's current yield is:

Annual Interest Payment / Current Price = $46 / $1,202.2 = 3.826%

5 0
3 years ago
Lily's apparel, a renowned apparel store, focuses on gen y customers and provides them with a customized clothing experience. th
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3 years ago
An increasingly important advantage of the limited liability company is that its members?
victus00 [196]

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Adding to it, that means if the company fails to pay off its losses or debts to creditors, the personal assets of the members will not be added while paying the debt.

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Moreover, the other benefits of Limited liability company include that this is more flexible than the other corporations and it provides different rights, classes and preferences to their members or managers.

Learn more about limited liability company, refer to the link:

brainly.com/question/3521418

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8 0
1 year ago
Copland submitted a piece for radio broadcast on cbs radio. it eventually became titled:
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The answer is that it eventually became titled as Prairie Journal.
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3 years ago
Which term refers to the target toward which the open management system is​ directed?
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<span>The correct answer is organizational objectives</span>

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