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lana66690 [7]
3 years ago
7

If a foreign broker-dealer that does not have U.S. based operations wishes to solicit customers in the United States, the broker

-dealer:I. must establish an SEC-registered U.S. subsidiaryII. is not required to establish an SEC-registered U.S. subsidiaryIII. can effect its business through another registered U.S. broker-dealerIV. cannot effect its business through another registered U.S. broker-dealer
Business
1 answer:
Molodets [167]3 years ago
3 0

Answer: I. must establish an SEC-registered U.S. subsidiary.

III. can effect its business through another registered U.S. broker-dealer.

Explanation:

If a foreign broker-dealer that does not have U.S. based operations wishes to solicit customers in the United States, the broker-dealer must establish an SEC-registered U.S. subsidiary and can also effect its business through another registered U.S. broker-dealer.

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Money market mutual funds
katen-ka-za [31]

Answer:

c. carry no loads.

Explanation:

  • They are also called as the mutual funds and are open-ended mutual fund investments in short debit security as the U.S treaty bills and the commercial papers.
  • They are made with the goal of maintaining high stable assets values by liquid investments.
  • Regulated by the investments company act of the U.S of 1940, are important providers of the liquidity to the financial institutions.  
  • <u>These funds seek to limit the exposure of the losses due to the credit, market, and liquidity risks.</u>
8 0
3 years ago
Suppose that on Jan. 1 2018 you bought a bond at par with the following characteristics: Face Value = $20,000 Coupon rate = 4% M
tatuchka [14]

Answer:

* How much did you pay for the bond?

  20,000

* Rate of return if you hold the bond for a year and then sell it, assuming the market interest rate rises by 1 percentage point from the date when you bought the bond is:

3.05%

Explanation:

<u>* How much did you pay for the bond?</u>

Because the bond is bought at par, the amount paid for the bond will be equal to the face value of the bond or $20,000.

<u>* Rate of return if you hold the bond for a year and then sell it, assuming the market interest rate rises by 1 percentage point from the date when you bought the bond is: 3.05% which is calculated as below:</u>

+ Price of the bond of the time of selling is equal to the sum of present value of two future cash flows happening in 1 year time from the bond, discounting at the current market rate which is 5%, which are:

. Bond's face value: $20,000 in one-year time => PV = 20,000/1.05 = 19,047.62

. Coupon: 20,000 * 4% = $800 in one-year time => PV = 800/1.05 = $761.90

=> Price of the bond = 19,047.62 + 761.90 = $19,809.52

+ Total receipt from holding the bond for one year = Selling price of the bond + coupon received for one-year holding = 19,809.52 + 800 = $20,609.52

=>Rate of return = Total receipt from holding the bond for one year/ the amount paid for the bond at the beginning = 20,609.52 / 20,000 = 3.05%

4 0
3 years ago
What best describes the difference between stocks and bonds
Ber [7]
Stocks pay interest to investors through the year. Bonds only pay interest at fixed time during the year.
7 0
3 years ago
Read 2 more answers
A corporate bond has a face value of $1,000 and a coupon rate of 5%. The bond matures in 20 years and has a current market price
user100 [1]

Answer: 4.10%

Explanation:

Solve for the current rate being used using the RATE function on Excel.

Number of periods = 15

Payment = 1,000 * 5% = 50

Present value = Current market price - floatation costs = 900 - 25 = 875

Future value = 1,000 face value

The result will be:

= 6.31%

If tax is 35%, after-tax cost is:

= 6.31% * (1 - 35%)

= 4.10%

8 0
3 years ago
Guiding, teaching, and supervising employees are activities associated with:
Yakvenalex [24]
<span>Guiding, teaching, and supervising employees are activities associated with leading.
If a person is guiding someone or a group of people, he acts as a leader so that is why it is associated with leading. Similar is the case with teaching and supervising employees, a person acts as a leader for other.</span>
5 0
4 years ago
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