Estimating core income
Determining core income is an important first step to estimating permanent income. Explain. What adjustments to net income should be made for estimating core income?
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On June 1 $400,000 of bonds were purchased as a long-term investment at 97.5 and 500 was paid as the brokerage commission. If the bonds bear interest at 12%, which is paid semi-annually on January 1 and July 1, what is the total cost to be debite
Explain why an American option is always worth at least as much as a European option on the same asset with the same strike price and exercise date.
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