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Who owns a credit union? Explain. The term Credit unions are owned by their members. While credit union members put money in their credit union, they are not exactly "depositin
How are financial trades made in an over-the-counter market? Discuss the role of a dealer in the OTC market. In difference to the organized exchanges, which have physical locat
In the case of dual currency bonds, the interest is paid in one currency, while the principal repayment is made in another currency. Deep Di
ADVANTAGES OF BUDGETARY CONTROL 1. Profits are maximizes. 2. It makes easy the controlling of activities. 3. Effective co-ordination is made achievable. 4. Executive
Types of Mutual Funds The objectives of a Mutual Fund are as follows: To provide an opportunity for lower income groups to acquire property without much difficulty in the
A bond is said to be currently callable if the issue is not protected against early call provision. But most new bond issues, even if currently callable, us
The formula explained in the above paragraph enables the investor to compute the value of a bond with an embedded option as the difference between the value of an
Management Accounting: Management accounting on the other hand tends to focus internally. Reports generated through management accounting processes will be used by the organisa
Q. How cash flow problems arise? It is significant first to distinguish between profitability and cash availability. The key scheme relates to insolvency since even profitable
Current Yield Current yield is defined as the annual coupon interest received on the market price. Current Yield =
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