Does business has a liability in respect of accountnt salary
Moonshine Enterprises hired an accountant at the rate of $1 000 per week. The person is to commence duty on 1 February. On 1 February, does the business have a liability in respect of the accountant's salary? Explain.
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AIG was effectively the largest unfunded investor in the super-senior tranches of the Abacus 2004 deal.This means that AIG: Effectively would sell the underlying subprime collateral as the mortgages began to default.
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Suppose the prices of defautable and default free zero coupon bond with principal of $1, for different maturities (in years) are as follows:
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Describe the manner in which put-call parity can be used to price other types of derivative securities, such as forwards or futures contracts.
On January 2, 2011, Mize Co. (Morton) issued at par $300,000 of 9% convertible bonds. Each $1,000 bond is convertible into 30 shares. No bonds were converted during 2007.
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