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LekaFEV [45]
3 years ago
6

A hospital revenue bond issue is being underwritten on a negotiated basis. The offering consists of $20,000,000 par value of ter

m bonds. The underwriter has agreed to a spread of $30.00 for each $5,000 bond. The manager has set the additional takedown at $12.00 per bond and the selling concession at $15.00 per bond. If a selling group member sells a $5,000 par value bond directly to the public, the selling group member earns:
Business
1 answer:
ddd [48]3 years ago
6 0

Answer:

The selling group member earns $12 on that sale

Explanation:

When selling a bond directly to the public, a group member earns a total takedown which is the total of the additional takedown plus the selling concession.

$12 + $15

= $27

Now if a selling group member finds a customer, then $15 which is the selling concession is given up leaving the member to earn $12 (the additional takedown) on that sale.

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B. Jack, who was fired for being tardy for work too often.

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3 years ago
Suppose a local bank increases the fees they charge for their bank accounts by 2020 percent. In​ response, the demand for their
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3 years ago
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Strategic planning provides long-term direction to an organization's decision-makers.

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Strategy planning remains a mere planning process until the formulated strategies go through these stages: formulation, implementation, successful outcomes, and evaluation.

Thus, at Ada Inc., there is an ongoing strategic planning process.

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<h3>Question Completion with Answer Options:</h3>

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4 0
1 year ago
Elaine is a secretary for a business. One day a customer comes in to file a new contract while Elaine is seated at her boss’s de
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Here in the given situation, since, Elaine is an employee of the business and knowledgeable enough to deal with the contract filing, it is implied that she is acting as an employee agent, that she can help the customer in filing the contract.

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7 0
2 years ago
Read 2 more answers
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