In order for a statewide income tax to be approved, there must be a vote with the majority approving the measure.
<span>Texas will not implement a statewide income tax in the immediate future because the voters will disapprove the measure.</span>
Answer: American call
Explanation:
The price of the underlying stock is going to increase to at least $36 which is more than the exercise price on the option of $35. The option that would have more value therefore is a Call option because call options make profit when the exercise price is less than the market price.
The more valuable call option between the European and American call options is the American call option. This is because with an American call option, the holder is free to call in the option at any point in time up to the exercise date while a European option has to wait till the exercise date.
The American Call option is therefore the option with the most value today.
Answer:
14.3%
Explanation:
Interest rate = (par value of the bond / price of the bond ) - 1
(200/175) - 1 = 0.143 = 14.3%
Answer:
D)The yield to maturity of a callable bond is calculated as if the bond were called at the earliest opportunity.
Explanation:
The callable bond should be trade at the less price so it would generate the high return as compared with the non-callable bond. Whenever it is low it generated the high return but it could not increase over and above to the call value at the time when the yield is less. Also prior to the call date the investors expected that the issuer would follow and the price of the bond represent the given strategy
but the yield to maturity should not be measured at the time when the bond can be called
Therefore d option should be considered
Answer:
Cash balance= $500
Explanation:
Giving the following information:
Started her business baking dog treats by investing cash of $1,000.
Had revenues of $3,000.
She paid her assistant $1,000 in cash.
The business paid cash dividends of $500.
<u>The cash account is affected by every entrance or exit of money. For example, if a purchase is made on account, the cash balance is not affected.</u>
Cash balance= -1,000 + 3,000 - 1,000 - 500
Cash balance= $500
