Answer:
C) the syndicate member assumes liability for unsold shares and the selling group member does not.
Explanation:
In the trading of a security, the dealer's spread refers to the difference between the bid and asked prices of a security, which represents the dealer's markup, or profit from a security transaction.
Simply stated, the bid-ask spread refers to the amount by which the bid price by a dealer is lower than the ask-price for a security or an asset in the market at a specific period of time.
The bid-ask spread exists because of the need for dealers to cover expenses and make a profit. A bid-ask spread is use in the transaction of the following items; options, future contracts, stocks, and currency pairs.
The primary difference between an underwriting syndicate member and a selling group member in a firm commitment underwriting is that the syndicate member assumes liability for unsold shares and the selling group member does not.
Answer:
$38,851 approx
Explanation:
As per the information provided in the question, the minimum annual rate of return would be at-least equal to the usual rate of return the investor (here uncle) earns. Here it is 9% per annum.
Anything earned below this rate of return will not satisfy the investor since this represents the minimum required rate of return.
A= ![P(1 + r)^{n}](https://tex.z-dn.net/?f=P%281%20%2B%20r%29%5E%7Bn%7D)
Where A= Amount
P= Principal
r= Annual Rate Of Interest
n= period of loan
Therefore, A= ![30,000(1 + .09)^{3}](https://tex.z-dn.net/?f=30%2C000%281%20%2B%20.09%29%5E%7B3%7D)
A= $38,850.87 or $38,851 approx.
Answer:
A healthy 65-year-old couple retiring in this year will need close to $300,000 to cover health-care expenses, including Medicare Parts B and D, according to HealthView Services.
Answer:
Real GDP (2014 price) = $ 250
Explanation:
GDP is the total value (PxQ) of goods & services, produced by an economy during a period of time. Real GDP is the value at constant base year prices.
Given [2015] : Fish Quantity = 5 , Computer Chip Quantity = 20
Base Year [2014] price : Fish = $10 , Computer Chip = $10
2015 Real GDP at 2014 base year price = Price 2014 x Quantity 2015
= (Fish PXQ) + (Computer Chip PXQ)
= (10 x 5) + (10 x 20)
= 50 + 200
= $ 250