Answer:
• It could prevent a will from going into probate
•It avoids confusion if the primary beneficiary on dies first
•It allows for another option if the primary beneficiary cannot inherit it
Explanation:
A Secondary beneficiary otherwise known as contingent beneficiary is a person or an entity who has been named in a Will, insurance policy or trust to inherit assets therein should the main or primary beneficiary dies before the grantor.
Secondary beneficiary is important because should the primary beneficiary dies first, he is entitled to the benefits therein inorder to avoid confusion as to who should inherit the deceased's assets. It is also important because it provides other option where the primary beneficiary is not able to inherit the will i.e not found at the time of grantor's death or disclaim inheritance in the will, the secondary beneficiary inherits same and also prevent the will from going into probate i.e allowing it to pass through the court process which is oftentimes time consuming .
Answer:
The statement in the question is true (The manufacture is trying to alleviate the financial Risk)
Explanation:
<u>Buying a product that offers a money-back guarantee or offers a warranty helps to ensure the consumers peace of mind.The Money back guarantee may allow the purchaser to get their money back in case the product does not work as expected.</u>
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<u>The Money Back Guarantee as as a guarantee that the product will perform as expected. </u>
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Answer:
14%
Explanation:
Data provided as per the question
Face value = $1,000
Present value = $690
Nper = 10
PMT = $80
The computation of yield to maturity. is shown below:-
YTM = Rate(Nper,PMT,PV,FV)
= Rate(10,80,690,1000)
= 14%
Therefore for computing the yield to maturity we simply applied the formula and put it into an excel sheet.
Answer:
It can be a good way to increase portfolio value.
Explanation:
Arbitrage trading involving buying an investment instrument in one market and simultaneously selling it in another. Arbitrage trading takes advantage of unadjusted/ unsynchronized prices (market inefficiency) in different markets. Stock XY may be trading at a price of $45.41 in market A and $45.51 in market B. An investor can buy the stock in Market A and, at the same time, sell it in market B, thereby gaining $0.10 per stock.
Arbitrate trading is a low-risk investment strategy, but its returns could be great. Trades are executed simultaneously, minimizing risk. Rewards are constant. Arbitrate trading is a good way of growing a portfolio due to its low-risk and almost guaranteed profits characteristics.
