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eimsori [14]
3 years ago
12

Section 16(b) of the 1934 Securities Exchange Act _____

Business
1 answer:
tino4ka555 [31]3 years ago
8 0

Answer:

Section 16(b) of the 1934 Securities Exchange Act provides for recapture by the corporation of all profits realized by an insider from the purchase or sale of corporate stock within a 6 month period.

Explanation:

This section of the 1934 Securities Exchange Act was put in place to uphold fairness and equity in the financial markets. Without its provision, insiders could advantage of privileged information and exploit it for personal gain.

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In each of the following situations, state whether the bonds will sell at a premium or discount. Required a. Valley issued $300,
IrinaK [193]

Answer:

a. Premium

b. Discount

c. Discount

Explanation:

a. Valley issued $300,000 of bonds with a stated interest rate of 7 percent. At the time of issue, the market rate of interest for similar investments was 6 percent.

Premium (discount) = Bond's stated interest rate - Market rate of interest for similar investments = 7% - 6% = 1% premium

Therefore, Valley's bond will sell at a premium.

b. Spring issued $220,000 of bonds with a stated interest rate of 5 percent. At the time of issue, the market rate of interest for similar investments was 6 percent.

Premium (discount) = Bond's stated interest rate - Market rate of interest for similar investments = 5% - 6% = -1% discount

Therefore, Spring's bond will sell at a discount.

c. River Inc. issued $150,000 of callable bonds with a stated interest rate of 5 percent. The bonds were callable at 102. At the date of issue, the market rate of interest was 6 percent for similar investments.

Premium (discount) = Bond's stated interest rate - Market rate of interest for similar investments = 5% - 6% = -1% discount

Therefore, River Inc.'s bond will sell at a discount.

3 0
3 years ago
True or false: The fundamental activities of a business are selling activities and marketing activities.
astra-53 [7]

Answer:

i think its false

Explanation:

6 0
3 years ago
What is a major function of both retail and business banks?
dimaraw [331]

Answer:

A. Providing checking and savings accounts

Explanation:

"Bro had a stroke mid comment" LOL

4 0
3 years ago
If the month-end bank statement shows a balance of $36,000, outstanding checks are $10,000 , a deposit of $4,000 was in transit
sukhopar [10]

Answer:

The correct answer is C

Explanation:

The amount of correct balance which is shown in the bank account at the month end is:

= Month end balance - Outstanding balance + Deposit in transit at month end + Check which was erroneously charged by bank

= $36,000 - $10,000 + $4,000 + $600

= $26,000 + $4,600

= $30,600

Therefore, the month end balance amounts to $30,600 in the bank account.

4 0
2 years ago
When people are employed but are treated differently once employed, receiving few job-related rewards, resources, or opportuniti
Dafna1 [17]

Answer:

treatment discrimination

Explanation:

Treatment discrimination is a discrimination against people. It is also known as Disparate treatment and may be defined as one type of the unlawful discrimination in the United States labor law. In US, this discrimination means any unequal behavior towards some employee because of a particular caste, color, race, region or gender which is provided under the Title VII of the United States Civil Rights Act.

Treatment discrimination is the discrimination shown to the people especially the blacked people as they are paid less for equal work as compared to whites.

5 0
3 years ago
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