20 year. The reason for this highly unusual situation is that the United States has earned a higher rate of return on its investments abroad than foreigners earn in the United States. Since 1990 the difference between the two has averaged 1.3 percent (Exhibit 1.5). Ho...
Current offers a rewards debit card, plus an interest rate of 4.00% on its Savings Pods for customers with direct deposits. But there are limitations to that very high rate, and the bank has limited options for customer support. Best for: Customers who are looking for a rewards debit card...
After hitting deductible, medical costs will be split between you and the insurance provider. Copayments or copay is one of the ways to do this. Copayments have a flat rate depending on the specific service or prescription. For example, the flat rate for a check-up would be different from...
Consolidated Cash Balance means, at any time, the aggregate amount of cash and cash equivalents, marketable securities, treasury bonds and bills, certificates of deposit, investments in money market funds and commercial paper, in each case held by the Parent and its Consolidated Subsidiaries. Consoli...
Call-in trades of corporate bonds, municipal bonds, government agency bonds, and brokered CDs purchased on the secondary market require a fee of $30 per trade + $1 per bond over 10 bonds ($270 maximum). There is no fee premium for call-in trades of U.S. Treasury bills, notes, and ...
Explain why interest rates on short-term Treasury bills will be closely tied to the level of the federal funds rate. Suppose the Federal Reserve raises its federal-funds-rate target from 0.38% to 1.00%. Explain, both verbally and with a graph of the market for bank reserves (federal fun...
Product Features and Benefits Bundled account that comes with our alternate channels Internet Banking, Mobile banking Account opening balance of N5,000 Zero operating balance Account maintenance fee (AMF) of ₦Negotiable AMF rate for accounts with high debit turnover ...
for U.S. Treasury Bonds, Notes, and T-Bills Taxable Equivalent Yield (TEY) = Treasury Yield (100%− State Tax Rate %− Local Tax Rate %) Taxable Equivalent YieldExample for U.S. Treasuries TEY = 4% Treasury Yield (100%− 10% state tax− 1% local tax) = 4.5%Thus, a ...
Safety5. Marketability20An Examination of Yield and Maturity CharacteristicsMarketable securities21Marketable SecuritiesWhen a firm has excess funds, it should be converted from cash into interest-earning securitiesTypes of securities:Treasury bills: Short-term obligations of th 18、e governmentTreasury ...
The most recently issued Treasury security of a particular type. For 13-week Treasury bills that are auctioned each Monday, the current issue is the bill issued on the most recent Monday. Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copy...