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Which of the following factors is the critical or deciding characteristic that indicates that a trust should be classified as a charitable remainder uni trust, rather than a charitable remainder annuity trust?
A. The amount of income specified for the non charitable income beneficiary must be paid annually out of income and/or principal.
B. A fixed percentage of the fair market value of the principal, as revalue annually, must be payable to the non charitable beneficiary.
C. The amount payable to the non charitable beneficiary must be at least 5% of the fair market value of the property initially transferred to the trust.
D. The trust must be irrevocable and not subject to a power by the donor, the trustee, or the beneficiary to alter or amend the trust.
Provide a detailed explanation. This is estate planning.
Viento Windmills is a utility that charges customers for their wind generated electricity. With their current technology, they earn a total of $65 million each year to pay out to their 3 million shareholders.
Project A has an initial cost of $80,000 and provides cash inflows of $34,000 a year for three years. Project B has an initial cost of $80,000 and produces a cash inflow of $114,000 in year three. The projects are martially exclusive. Which project(s..
Patton Paints Corporation has a target capital structure of 25% debt and 75% common equity, with no preferred stock. It’s before-tax cost of debt is 8% and its marginal tax rate is 40%. The current stock price is P0 = $22.50.
On Sept 30th, the Disney Corp had a Retained Earnings balance of $7,933 million. One year later it had jumped to $9,557 million. They sold no stock during the year but did pay $442 million in common dividends. Their DPS = $0.51. Given this informatio..
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Discuss the advantages and disadvantages to using a traditional IRA, including when it may be advantageous to use a non deductible IRA
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Holding company Scully Corporation holds enough stock in company B to give it voting control of both firms. Consider the accompanying simplified balance sheets for these companies. What percentage of the total assets controlled by Scully Corporation ..
Isabella purchased $20,000 worth of 26-week T-Bills for $19,525. What will be the rate of return on her investment? An individual purchased a 6-year, $10,000 promissory note with an interest rate of 3.5%/year compounded semi annually. How much did th..
Relation between spot and discount rates Suppose the spot rates for 1 and 2 years are s1=10.5% and s2=17.9% with annual compounding. Recall that in this course interest rates are always quoted on an annual basis unless otherwise specified. What is th..
Corporate bonds issued by Johnson Corporation currently yield 8%. Municipal bonds of equal risk currently yield 6%. At what tax rate would an investor be indifferent between these two bonds?
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