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Given the following information:
A variable annuity is a tax-deferred retirement vehicle that allows you to choose from a selection of investments, and then pays you a level of income in retirement that is determined by the performance of the investments you choose. The market risk would be if the money invested in the mutual funds is not able to generate required rate of return due to bad market conditions, then it will be difficult for the banks to honor the claims of the customers. Early withdrawal risk occurs if the customers want to withdraw their funds early, the banks will have to change their investment strategies thereby impacting the end returns. A fund switch occurs if a customer wants to change the kind of investment fund the bank must have provisions for the same .
In order to minimize risk banks must make provisions for extra funds as a cushion against the adjustments or shortfall. The banks can enter into derivatives contract to hedge the investment portfolios, like total return swap contract .
Do you think it is important that the customers should also be informed that the investment products are not a deposit or other obligation of a depository institution and not guaranteed by the offering institution?
You just settled an insurance claim. The settlement calls for increasing payments over a five-year period. The first payment will be paid one year from now in the amount of $7,000. The following payments will increase by 3.5 percent annually. What is..
Due to increased mailing cost, the new rate will cost publishers $78 million, this is 13.4% more than they paid the previous year. How much did it cost the publishers last year?
The following data apply to Problems 4 through 10: A pension fund manager is con- sidering three mutual funds. The first is a stock fund, the second is a long-term govern- ment and corporate bond fund, and the third is a T-bill money market fund that..
As a rule of thumb, 8% annualized net return over a minimum holding period of five years is a realistic figure. Pablo Picasso's 1905 portrait 'Boy with a Pipe' sold for $104.2 million in an auction at Sotheby's Holdings, Inc., on June 24, 2004, shatt..
You buy a 20-year bond with a coupon rate of 8% that has a yield to maturity of 9%. (Assume a face value of $1,000 and semiannual coupon payments.) Six months later, the yield to maturity is 10%. What is your return over the 6 months?
A company has Sales- $5000, total assets- $3000, debt to eq ratio=.25, ROE=.15, retained earnings $240 for the year. At what rate can this company grow if it would like to maintain its debt-equity ratio and not issue any new equity for the for see ab..
In January 2007, the average price of an asset was $28,658. 7 years earlier, the average price was $20,808. What was the annual increase in selling price? In percentage form
The Lopez-Portillo Company has $10.4 million in assets, 60 percent financed by debt, and 40 percent financed by common stock. The interest rate on the debt is 11 percent and the par value of the stock is $10 per share. compute earnings per share (EPS..
Analyzing Transactions Using Financial Statement Effect Template (LO3) Sefcik Company began operations on the first of October. Following are the transactions for its first month of business. S. Sefcik launched Sefcik Company and invested $50,000 int..
The current (spot) rate on a seven year security. The implicit forward rates on a seven year security two years from now. The spot rate on a five year security. The expected rate on a two year security three years from now
Your finance text book sold 54,500 copies in its first year. The publishing company expects the sales to grow at a rate of 19.0 percent for the next three years, and by 6.0 percent in the fourth year. Calculate the total number of copies that the pub..
Define the concepts of logistics and JIT. Explain three key advantages of using JIT within a logistics planning process. Discuss any caveats to using JIT. List four of the main modes of transporting goods; also cite two of the benefits and two of the..
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