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Recommended textbook solutions Essentials of Investments9th EditionAlan J. Marcus, Alex Kane, Zvi Bodie 689 solutions Century 21 Accounting: General Journal11th EditionClaudia Bienias Gilbertson, Debra Gentene, Mark W Lehman 1,012 solutions
Accounting: What the Numbers Mean9th EditionDaniel F Viele, David H Marshall, Wayne W McManus 345 solutions Intermediate Accounting14th EditionDonald E. Kieso, Jerry J. Weygandt, Terry D. Warfield 1,471 solutions Municipal bond quotations between dealers are required to be bona fide, or firm, quotes. They are required to be fair and reasonably related to the current market. The withdrawals from Section 529 plans are federally tax exempt, but they may be taxed as income in some states. The money that is invested in a Section 529 plan is always after tax. To avoid taxation, the withdrawals must be used for qualified education expenses (e.g., tuition, books, lecture fees, lab fees), including up to $10,000 per year for K-12 education. Withdrawals to pay expenses that are not qualified incur tax liability. The owner of a life annuity with 10-year period certain will receive payments for life, subject to a minimum of 10 years. If the contract holder dies before the period expires, the remaining payments are made to the beneficiary. An example would be if a contract holder of a life annuity with 10-year period certain died after 5 years, payments would continue for 5 more years to the beneficiary and then stop. Regulation SP deals with protection of client information. Initially, and annually, the firm's privacy policies must be disclosed to its retail (individual) customers. Remember, consumer has a special meaning under SP. It is a one-time relationship, such as someone who received stock as a gift and wants to sell it through the member firm, take the money, and conduct no further dealings. Business and institutional clients are not covered by the regulation. Only the closed-end company is legally permitted to issue senior securities (preferred stock and bonds). Any tax taken on dividends received from ADRs is taken in the country of origin. This is a foreign withholding tax for U.S. investors. The foreign withholding tax may later be taken as a credit against any U.S. income taxes owed by the U.S. investor. In a variable life insurance policy, a minimum death benefit is guaranteed, but no cash value is guaranteed. There is a contract exchange privilege during the first 24 months, allowing the conversion of the variable policy to a comparable form of permanent insurance, and the 75% cash value loan minimum applies after the third year of coverage. Nonqualified plans do not provide a tax deduction to the employer until the employee receives the economic benefit as income at some point in the future. They are, however, more flexible because they do not have to comply with ERISA reporting and nondiscrimination requirements. Warrants usually have lifetimes of 2 to 10 years; rights expire in 30 to 45 days. A corporation may attach warrants to other securities, such as bonds, to make the bonds more marketable. Warrants have no intrinsic value when issued and may expire without ever having intrinsic value. Before expiration, they may be, and often are, traded in the secondary market. When a limited partnership is liquidated (dissolved), the priority of payments to settle accounts are made from first to last in which order? A)
Students also viewedUnder Rule 144, either the weekly of past 4 weeks or 1% Under Rule 144, having held the fully paid restricted shares for at least 6 months, the affiliate can begin selling subject to the volume restrictions of Rule 144. The affiliate can sell the greater of 1% of the total shares outstanding or the weekly average of the prior 4 weeks' trading volume (the 4 weeks preceding the Form 144 filing). In this case, 1% of the total shares
outstanding equals 24,000, (1% × 2.4 million). The weekly average of the prior 4 weeks' trading volume is 24,500. Therefore, the most the affiliate can sell during the 90 days following the form filing is 24,500 shares. 1% = 24,000 or 4 weeks average = (23+25+26+24_/4 = 24,500 Which type of fund has lowest expense ratio?Index funds and ETFs have a much lower expense ratio since they have to spend on active management.
Which of these is different between ETFs and mutual funds?While they can be actively or passively managed by fund managers, most ETFs are passive investments pegged to the performance of a particular index. Mutual funds come in both active and indexed varieties, but most are actively managed.
Which of the following funds is the least likely to provide income quizlet?Which of the following funds is the LEAST likely to provide income? A sector fund invests in the securities of a specific industry or geographic location and typically does not have income as a primary objective.
Which of the following types of investment company securities is the most likely to have a NAV that is 90% of its offer price?D) Open-end company share. The market determines the offer price of closed-end company shares; the offer price may be either more or less than the NAV. Because the NAV in this situation is 90% of the offer price, this must be a closed-end share.
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Which of the following securities would most likely have the lowest expense ratio quizlet?
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