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Ghella [55]
3 years ago
15

Ruth and Stella were sisters. They owned a house as joint tenants with right of survivorship. Ruth sold her half interest to Roy

. Thereafter, Stella died, and Roy claimed the entire property by survivorship. Was he entitled to it?
Business
1 answer:
vekshin13 years ago
3 0

Answer: No. He was not.

Explanation:

Roy, in this case as a third party was simply a TENANT - IN - COMMON with Stella and is not entitled to the RIGHTS OF SURVIVORSHIP.

In a Joint Tenancy, there is a common ownership of property with the Rights of Survival. If Party A and B have Joint ownership and Party B dies, Party A automatically takes over the property. That is the Right of Survival.

However, third parties do not have such rights because they did not take the title at the same time or with the same instrument. When sold an interest they simply become a Tenant in Common with the remaining owner.

So even though Ruth sold her interest to Roy, upon Stella's death, the property passes in it's entirety to Ruth as Roy was just a Tenant in Common, not a joint owner.

If you need any clarification do react or comment.

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John has decided to start to learn how to wrestle. his first day at practice, a seasoned wrestler slams the back of his head to
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eye sight would be my guess

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The primary purpose of a special occasion speech is to convey information to an audience.
Hunter-Best [27]

Answer:

The answer is FALSE

Explanation:

It is certainly false that the primary purpose of a special occasion speech is to convey the information to the audience. A graduation address and a toast at a wedding are the two instances of speeches for special occasions.  

One noteworthy motivation behind a special occasion speech is to concentrate consideration on the individual that is being tended to.  

All the more explicitly, a special occasion speech may present a speaker, engage a group of people, or rouse individuals. Another expression for stylized speech is special occasion speech, a speech that pays special honors to an occasion, phenomenal individual, occasion, event idea, or monument.

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4 years ago
The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $430 million. It has liabilities of $8
SashulF [63]

Answer:

5.21%

Explanation:

The Stone Harbor Fund

NAV= Investment in portfolio - liabilities/ Numbers of share outstanding

(430-8)/10

=422/10

=$42.2

Discount will be : $42.2 -40 shares

=$2.2

Hence:

$2.2/$42.2

=5.21%

Therefore the premium or discount as a percent of NAV will be 5.21%

4 0
3 years ago
Now assume a risk-free rate of interest of 4%, an expected rate of return on the global market portfolio of 8% and a global beta
never [62]

Answer:

7.6%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Global Beta × (Global Market rate of return - Risk-free rate of return)

= 4% + 0.90 × (8% - 4%)

= 4% + 0.90 × 4%

= 4% + 3.6%

= 7.6%

The (Global Market rate of return - Risk-free rate of return)  is also called global market risk premium

7 0
3 years ago
Dave invests in a bond that yields 3. 50% annual effective for 10 years. The bond pays coupons at a rate of 3. 50%, payable semi
Inga [223]

The annual effective yield for Mike's bond is <u>3.20%</u>, which is less than Dave's 3.50%.

<h3>What is the annual effective yield of a bond?</h3>

The annual effective yield is the total return expected from a bond if the bond is held till maturity.

The annual effective yield rate is the rate at which all future expected cash flows are discounted to find out the current value or the price of the bond.

We can use the following Yield to Maturity formula to calculate the annual effective yield rate.

Yield to Maturity = [Annual Interest + {(FV-Price)/Maturity}] / [(FV+Price)/2]

<h3>Data and Calculations:</h3>

Mike's investment:

Quarterly Interest = $3.50 ($100 x 14% x 1/4)

Annual interest = $14 ($100 x 14%)

FV = Face Value of the Bond = $100

Price = Current Market Price of the Bond at Redemption = $150

Maturity = Time to Maturity = 5 years

= {$14 + ($100 - $150)/5} / {($100 + $150)/2}

= $14 + -10 / 250/2

= 4/125

= 3.2%

Thus, the annual effective yield for Mike's bond is <u>3.20%</u>, which is less than Dave's 3.50%.

Learn more about the yield to maturity at brainly.com/question/26657407

5 0
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