Answer:
Ans. The after-tax rate of return on the municipal bonds is 3% and the after tax rate of return on the corporate bonds is 4.5%
Explanation:
Hi, the formula to find the after-tax rate of return of any taxable income is as follows.
Therefore, in the case of the municipal bond.
So, the after-tax rate of return of the municipal bond is 3%.
And for the corporate bond is.
And the after-tax rate of return of the corporate bond is 4.5%.
It means that taxes on municipal bonds are:
In the case of municipal taxes:
1% taxes for municipal bonds
In the case of corporate taxes:
1.5% taxes for corporate bonds
Best of luck.
Answer:
Contingency
Explanation:
A contingency clause is a condition stipulated in a purchase agreement that must be met before the closing date. Contingencies are normally included in the purchase of properties such as homes and land. A contingency or condition usually relates to issues to do with financing, insurance, appraisal, or financing. A contingency becomes part of the sales contract should the buyer, and the seller agree on the other terms.
Yes, she can make the purchase and have money left over.
The correct answer is Equality
Answer:
Option B
New Credit
Explanation:
An Intended Beneficiary refers to a third-party beneficiary that will benefit from the contract between two other parties.
In this case, New Credit is the intended beneficiary. This is because the original contract is between Lyle and Miranda. However, the terms of the contract bring New Credit in to the picture, as a party who is to have some benefits accrued to him before the contract to be fulfilled.
Hence, in this case, New Credit is the intended beneficiary because he is a third party that is benefiting from the fulfillment of Lyle and Miranda's contract
