Answer:
$961.42
Explanation:
firstly, we calculate the clean clean price below:
FV= 1,000
PMT= 40 (80 / 2)
I= 4.5 (9 / 2)
N= 14 (7 × 2)
Thus, PV= 948.89
Accrued Interest = coupon × (days since last payment/days in current coupon period)= 40 × (57 / 182) = 12.53
conclusively, dirty price = 948.89 + 12.53 = 961.42
Interest rates would increase since the tax-exempt status of municipal bonds would lose some of its appeal and there would be less of a market for them as a result of the lower income tax rates.
When the income tax rate is reduced for municipal bonds, the value of the bonds will also decline because the tax-exempt status for the bonds will also be reduced as a result of the lower income tax rate. Additionally, it lessens the demand for municipal bonds.
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The Consumer Financial Protection Bureau (CFPB) is not well-known to many people. It’s a relatively new government organization that’s part of the Federal Reserve. The CFPB was created after the financial crisis<span> of 2008 to protect consumers – hence the name. Before the CFPB was created, the responsibility to protect consumers was divvied up among several government agencies. But consumer protection is the CFPB’s primary focus. </span>
Answer:
B) David will most likely lose the case as it is legal for police officers to be subjected to mandatory retirement.
Explanation:
According to relevant laws, an officer must retire upon attaining the age of 62 of after 20 years of uniformed service (if it is an Early Retirement) or 22 years of uniformed service (if it is a Normal Retirement).
Regardless of whether it is a Normal or Early retirement, the officer must disengage at the age of 62.
The relevant laws which govern the administration of the NYPD retirement process as wells pensions are:
- the Administrative Code of the City of New York (NYCAC);
- the New York State Retirement and Social Security Law (RSSL), and
- the Rules of New York City Police Pension Fund (NYCPPF)
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Answer:
Explanation:
Answer:
$200000 + $200000 +$50000(to COLE's bonus)
= $450000
Ruby corporation uses accrual method.
A corporation that is using accrual method, cannot claim a deduction for an accrual with respect to a related party until the recipient reports that amount as income.
Here, Cole owns more than 50% (55%) so its a related party and it will report bonus on february 1,2017
Therefore, Ruby can not deduct bonus payable to oliver in 2016
Hence total deductible in 2017 would be $450000.
