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slava [35]
3 years ago
13

A tax-exempt municipal bond has a yield to maturity of 4.22%. An investor, who has a marginal tax rate of 33.00%, would prefer a

nd an otherwise identical taxable corporate bond if it had a yield to maturity of more than ____%.
Business
1 answer:
DedPeter [7]3 years ago
6 0

Answer:

yield to maturity of more than 6.29%

Explanation:

given data

maturity = 4.22% = 0.0422

marginal tax rate = 33.00% = 0.33

solution

as here we get the yield to maturity of corporate bonds when tax rate is 33%  that is

yield to maturity of corporate bonds = maturity ÷ ( 1- marginal tax rate )  ...............1

put here value and we will get

yield to maturity of corporate bond = \frac{0.0422}{1-0.33}  

yield to maturity of corporate bond = 0.062985

yield to maturity of corporate bond = 6.29 %

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A(n) _______________ leader is one who is focused on developing a long term vision for the company and who uses a charismatic pe
alukav5142 [94]

Answer:

b. transformational

Explanation:

Transformational leadership refers to the kind of leadership wherein a leader uses his appeal or charisma effectively to convey and convince his subordinates with respect to long term vision.

Transformational, as the word suggests refers to those leaders who are capable of transforming the approach of their subordinates owing to their charm and the reputation they have earned for themselves.

Such leaders are good at implementing organizational changes owing to their personality.

3 0
4 years ago
In 2010, Tara used $50,000.00 from funds she had invested in certificates of deposit as a down payment to buy a house. What func
soldier1979 [14.2K]

Answer:

B. medium of exchange.

Explanation:

Money as a medium of exchange is used to facilitate the selling and purchasing of goods and services between parties. Money is widely accepted as a standard of value by parties engaged in the exchange of commodities. It means that one party readily accepts an amount of money in exchange for a product or service that is believed to be worth the amount on offer.

Tara is exchanging her $50,000 for the house. Although the money is only a down-payment, it gives her the right to claim ownership of the house. Once she has fully paid for the house using money, she can only lay a claim on the house,  not the money.

8 0
3 years ago
"A potential client is 81 years old and has asked his representative for recommendations of speculative "Dot Com" stocks. The cu
torisob [31]

Answer:

allocate a portion of the customer's portfolio to "Dot Com" stocks that will not reduce the customer's retirement income below the amount needed for comfortable living

Explanation:

Given that the potential client is concerned that his purchasing power is decreasing and wishes to allocate an increased portion of his portfolio to aggressive growth stocks.

Hence, the best recommendation is to "allocate a portion of his portfolio to "Dot Com" stocks that will not reduce his retirement income below the amount needed for comfortable living"

8 0
3 years ago
Select cost information for Seacrest Enterprises is as follows: 1,000 units of output 5,000 units of output Total Cost/Unit Tota
gayaneshka [121]

Answer:

c. Utilities expense is a mixed cost and rent expense is a fixed cost.

Explanation:

Seacrest Enterprises

                                        1000 units                       5000 Units

                  Total Cost     Total Cost /Unit     Total Cost       Total Cost/Unit

Direct materials  $5,000               $5.00        $25,000          $5.00

Utilities expense  $1,000                 $1.0 0        $3,750            $0.75

Rent expense        $4,000                    $4.00         $4,000            $0.80

Direct Materials show variable Costs

Utilities expense show mixed costs

Rent Expense show fixed costs

The correct answer is

c. Utilities expense is a mixed cost and rent expense is a fixed cost.

4 0
3 years ago
Which of the following best describes the concept of elastic demand?
Trava [24]
------------------elasticity of demand<span> measures the sensitivity of the quantity demanded to changes in the price</span>
4 0
3 years ago
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