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blondinia [14]
3 years ago
9

All other factors being equal, what would the premium be like in a survivorship life policy as compared to the premium in a join

t life policy
Business
1 answer:
icang [17]3 years ago
7 0

Answer:

All other factors being equal, the premium in a survivorship life policy as compared to the premium in a joint life policy should be higher

Explanation:

All other factors being equal, the premium in a survivorship life policy as compared to the premium in a joint life policy should be higher because it effectively contains the premium of two people which would be paid out upon the demise of both parties to their heirs. Unlike in the case of first-to-die joint life policy that pays to the surviving partner upon the death of the first.

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If the price of jelly goes up by 10 percent, we observe a decrease in the quantity demanded of peanut butter of 20 percent. the
Sedaia [141]
Cross price elasticity refers to the measure of responsiveness of the quantity demanded of a product to a change in price of another good. 
From the question given above, 
cross price elasticity = -20% / 10% = -2.
The cross price elasticity for the goods above is - 2. Which means that the goods are not substitutes. 
A positive cross price elasticity which is greater than zero means that the goods are substitutes.
6 0
3 years ago
On january 8th your account was charged $30.00 for an overdraft fee. why did that happen?
Zanzabum

On January 8th the account was charged $30.00 for an overdraft fee because It was time to pay the monthly account maintenance charge.

<h3>Why bank charges an overdraft fee?</h3>

When a bank's customer don't have enough money to cover a purchase made using a debit card or a cheque, then the bank will charge the overdraft fee. Rather of denying a charge, the bank will pay it and charge a fee.

In the given case, because it was time to pay the monthly account maintenance charge, the account was charged $30.00 for an overdraft fee on January 8th.

Therefore, bank charged overdraft fee as the date of payment comes.

Learn  more about the overdraft fee, refer to:

brainly.com/question/1739416

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5 0
2 years ago
Suppose the following bond quotes for IOU Corporation appear in the financial page of today’s newspaper. Assume the bond has a f
natulia [17]

Answer:

YTM = 4%

Explanation:

Company (Ticker) Coupon  Maturity   Last Price    Last Yield      EST Vol (000s)

IOU (IOU)                6       Apr 19, 2034  111.44              ?                     1,851

<u />

<u>Determine the yield to maturity </u>

YTM = Rate * 2

years to maturity = 2034 - 2018 = 16 years

NPER = 2 * 16 = 32

PMT = ( face value * coupon rate ) / 2 = ( 2000 * 6% ) / 2 = 60

price of coupon ( PV ) = 2000 * 111.44% = 2228.8

Rate = 2% ( excel function : RATE(32,60,-2228.8,2000)

hence YTM = 2% * 2 = 4%

6 0
3 years ago
I want to sell homework answers but I need to contact people without people finding out I did
zavuch27 [327]

Answer:

sell?

Explanation:

4 0
3 years ago
The fair values of all of Sirius's assets and liabilities were equal to their book values except for inventory that had a fair v
lubasha [3.4K]

Answer:

$0

Explanation:

The fair value is the value above the book value. The financial statements are prepared at historic cost and when the value of assets rises a revaluation account is created to present financial statements accurate. The fair values of Sirius's assets are equal to book value and all assets are presented at cost or book value. There will be no revaluation charged to the consolidated statement.

5 0
3 years ago
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