Answer: For her to sell the stock short immediately
Explanation:
Aria would have to employ selling the stock short immediately for her to gain profit, As people would want to buy much when she does so.
Answer: $446
Explanation:
Antoine will receive the same basis in the stock that was in the property.
The Corporation however, assumed $78 of the liability of the property transferred which would reduce Antoine's basis in that property
Antoine's basis = Property base - Liability assumed by corporation
= 524 - 78
= $446
Answer:
Yes, he paid the correct amount
Total Expected Payment = 103.85 + 8.57 = $112.42
Explanation:
Matthew bought 4 new compact discs at $16.99 each and a carrying case for $35.89. He paid 8 1/4% sales tax on his purchases. If Matthew paid $112.42 total, determine if he paid the correct amount.
Total Purchase cost is ($16.99 x 4) + $35.89 = $103.85
8.25% of $103.85 = $8.57
Total Expected Payment = 103.85 + 8.57 = $112.42
Answer:
1.90%
Explanation:
Note that that CAD exchange rate would be in terms of how many US dollars can be exchanged for 1 CAD, which means that the formula for forward premium would be stated in terms of US dollars, I mean the US$ as the numerator and CAD's interest rate would be the denominator
the forward premium for CAD=((1+US interest rate)/(1+Canada interest rate))-1
the forward premium for CAD=((1+7%)/(1+5%))-1
the forward premium for CAD=1.90%
