Parity bonds have equal rights to the coupon ornominal yield. In fixed-income investments, the coupon is the annual interest rate paid on a bond. Consider a $1,000 bond with a 7% coupon rate. The bond will pay $70 per year. If new bonds with a 5% coupon are issued as parity bonds...
Consequently, price parity has become an instrument of influence and dominance of OTAs in the hospitality market and has also become a topic of heated professional discussions. Price parity laws: is it obligatory at all? Rate parity clauses are typically included in contracts between hotels and ...
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Our previous post,Mental Health Parity Is Not a Panacea: Lessons to Date, examined the success (or lack thereof) of parity laws to date. While a few outcomes, primarily out-of-pocket costs, were improved, there was little evidence that legislated parity increased overa...
What are some laws and regulations that theoretically prevent a free-market economy from descending to feudalism? What is market disequilibrium? What is more efficient: a market incentive program or a regulatory program? Why? What is the mechanism of the stock market? How can someone make/lose ...
What are the most egregious "barriers to entry" put in place by governments? What are common front businesses for money laundering? What is absolute advantage? What practices do anti-trust laws prohibit? What are the differences between pure and impure public goods?
Open-data initiatives are increasingly common globally. These include the UK’s Open Banking Implementation Entity, the EU’s second Payment Services Directive, Australia’s new consumer protection laws, Brazil’s drafting of open-data guidelines, and Nigeria’s new Open Technology Foundation (Open ...
26:44 Shouldn’t the Earth’s orbit be spread out at perihelion and clustered closer together at aphelion, to be consistent with Kepler’s laws?Yes, you are right; there was a coding error here. 26:53 What is the reference for Einstein’s “idea of pure genius”?Actually, the precise...
How many states have pay transparency laws? At least eight states — California, Colorado, Connecticut, Illinois, Maryland, Nevada, Rhode Island and Washington State — have pay transparency laws in place, and this number is likely to grow in the coming years....
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