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John purchased a U.S. savings bond in the name of his daughter, Brittany, when she was four years old. Last year, Brittany was 18 and in college. She cashed in the bond to pay for her room and board. John claims Brittany on his income tax return. Which statement is TRUE?
A) Brittany can exclude the U.S. savings bond interest income on her income tax return.
B) Brittany must include the U.S. savings bond interest on her income tax return.
C) John may exclude the U.S. savings bond interest income on his income tax return.
D) John must include the U.S. savings bond interest on his income tax return.
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What is the Macaulay duration of a 7.4 percent coupon bond with six years to maturity and a current price of $1,029.90? What is the modified duration?
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Give an example of how your newly acquired knowledge of Time Value of Money (TVM) calculations could better prepare you for the next negotiation or big-ticket purchase in your life.
The Houston Corp. needs to raise money for an addition to its plant. It will issue 300,000 shares of new common stock. The new shares will be priced at $60 per share with an 8.5% spread on the offer price. Registration costs will be $150,000. Present..
Supposed that Volkswagen plans to import 250 Golfs from its plant in Dresden, Germany, to rebadge them as "CTS" and sell them in the US via their dealerships. Explain how Volkswagen can use currency futures to hedge its exchange risk. How many future..
ABC Corporation began operations on January 1st of this year with a cash balance of $250,000. ABC had sales of $200,000 for the month of January, all on credit. ABC allows its customers 30 days to pay. ABC's expenses for January equal $150,000, and A..
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