COBRA- Consolidated Omnibus Budget Reconciliation Act, is the name of the federal law that guarantees employees who have lost their jobs continuing access to health insurance.
<h3>What is Federal COBRA?</h3>
When your employment terminates or your hours are reduced, federal COBRA is a law that enables you to preserve your group health coverage. All insured employees, their spouses, ex-spouses, and dependent children must be provided with continuous coverage under federal COBRA. Employers and group health plans with 20 or more members are subject to the federal COBRA.
<h3>How does COBRA work?</h3>
Under certain conditions, including voluntary or involuntary job loss, a reduction in hours worked, a change in employment, death, divorce, and other life events, the COBRA allows employees and their families who lose their health benefits to choose to continue receiving group health benefits from their group health plan for a finite amount of time. The full price for coverage up to 102% of the plan's cost may be demanded of qualified persons.
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Capitalism is when a country's industry is controlled by individual owners, not by the state. Free enterprise is an economic system where businesses compete without much state control. Hope this helps!
Answer:
$12.20 per share for a total of $61,000,000
Explanation:
Calculation to determine how much will the managing underwriter's fee will total:
First step is to calculate the underwriting risk. Amount
Underwriting risk=($0.65 - $0.40)
Underwriting risk=$0.25
Second step is to calculate The total spread is
Total spread=($0.15+ $0.25 +$0.40 )
Total spread=$0.80
Now let determine the amount The issuer will receive and the Total
Amount received = ($13.00 - $0.80)
Amount received=$12.20 per share
Total= ($12.20 x 5,000,000 shares)
Total = $61,000,000
Therefore When the issue is completely sold, the managing underwriter's fee will total:$12.20 per share for a total of $61,000,000
If the total cost of his college education is 30,000, he will have enough resources to pay.
