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3 years ago

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An old bond's market value is above its par value, the bond is selling at a ________. this occurs because the old bond's coupon

rate is ________ the coupon rates of new bonds with similar risk. 1) premium; above 2) premium; below 3) discount; below 4) discount; above

1 answer:

notka56 [123]3 years ago

3 0

The answers are; 1) Premium, above.

<em>Hope this helped! :)</em>

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Answer:

Truth in Lending Act (TILA)

Explanation:

Mortgage brokering can be defined as a process which typically involves a mortgage broker acting as an intermediary between a financial institution (mortgage bank) offering loans and an individual that seeks to collect a loan.

This ultimately implies that, a mortgage broker acts as an intermediary (middleman) by connecting a creditor (lender) to those seeking to get a loan (borrower).

The Truth in Lending Act (TILA) also known as Consumer Credit Protection Act (CCPA) is a federal law of the United States of America that was enacted by the 89th US Congress and signed into law by President Lyndon B. Johnson on the 29th of May, 1968.

The main purpose of this federal law (Act) is to protect the consumer while using credit by mandating businesses to provide a full disclosure of the terms and conditions with respect to the credit.

According to the Truth in Lending Act (TILA), businesses are required to explain all collection fees, finance charges, late charges and interest charges up front before the time of service or application process commence.

In this scenario, a mortgage broker advertised a 30-year fixed-rate loan with an interest rate of 2.00%.

However, when the borrower arrived at the office of the mortgage broker and begins an application, the broker then went ahead to explain that the 2.00% interest rate is no longer available because his office was only able to do a limited number of them.

Thus, this broker is in violation of Truth in Lending Act (TILA).

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3 years ago

Who lowered interest rates on government bonds in order to create a fund to pay an annual sum to the survivors of the emigres wh

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Answer:

Charles X

Explanation:

Charles X was a king of France between 1824 and 1830 and for the greater part of his life was known as the Count of Artois. During his reign as king, Charles X, whose full name is Charles Phillipe, lowered interest bonds to create funds to pay survivors of the emigres who forfeited their lands. He also restores primogeniture(the right of succession of the throne by first borns). He also enacted the law of death or imprisonment for sacrilege in his support of the Roman Catholic Church.

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2 years ago

Regional Economic Integration Threats (textbook) In a way, price differentials in the same economic integration would decline in

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Answer:

TRUE

Explanation:

The integration of countries from the same region into a trade bloc has the purpose of free movement of goods and services among lower-priced member countries. This is because from integration, countries give up tariffs and customs barriers, allowing products to be marketed to everyone at a lower cost, aiming at the common good. If countries use the same currency, the benefits of integration are even greater as they eliminate currency conversion costs.An example of this type of integration is the European Union, where products move freely between member countries and are sold in the same currency, the euro.

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3 years ago

n January 1, 2018, Waller Sales issued $ 20 comma 000 in bonds for $ 18 comma 300. These are eightminusyear bonds with a stated

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Answer:

$18,106.25

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For computing the carrying value of the bonds , first we have to determine the discount amortization for 8 years which are shown below:

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