1. A retired investor who depends on his/her dividend income will tend to favor what type of dividend policy? What is this effect called?
2. Hong Kong and shanghai are the two international financial center of China. Please use the SWOT model analysis between their respective advantages
3. Death benefit is not included in the insured’s gross estate?Assuming a discount rate of 6% p.a., what is the fair value of a perpetuity that promises to pay $2,500 at the end of this year and for each year ever after?