Under what situation should the clean price, dirty price, and the price calculated by the basic annuity and present value (PV) equations for a bond be equal?
What will be an ideal response?
Answer: Typically, while drawing the timeline for bond cash flows, the price calculated is the price on the date of coupon payment. Even on this date there would be a pre-coupon payment price and a post-coupon payment price. The clean price, dirty price and the price calculated by the annuity and present value (PV) equations converge to a single price right after the coupon has detached from the bond and paid to the holder.
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When did the SEC drop its long-standing rule that required foreign companies that filed financial statements with it to adjust those statements to conform with U.S. GAAP and allow them to use IFRS?
a. 2001 b. 2007 c. 2009 d. 2013
If you are 100 percent sure that you cannot overcome an objection, never ask for the order.
Answer the following statement true (T) or false (F)
There are three cases of pronouns— possessive, nominative, and objective
Indicate whether the statement is true or false
Some unions, especially in the construction industry, have tried a tactic called _______________________________, in which paid union organizers try to get hired as regular employees for the purpose of organizing the workers.
Fill in the blank(s) with the appropriate word(s).