wolffee895
03.01.2020 •
Business
Aclient invests in an equity indexed annuity that has a guaranteed rate of 3% annual return, a 10% cap and 80% participation. in a year when the reference index increases by 15%, the invester will be credited with interate at the rate of?
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Ответ:
10%
The investor will be credited with the interest at the rate of 10%.
Explanation:
Cap on interest rate which is going to be credited = 10%
Participation=80%
Increase in reference index = 15%
As the participation rate is 80% so the investor can credit the amount of 80% * 0.15= 12% (15% of 80%) but as it is given in the question, the cap of 10% is put on the interest rate credited so the investor will be credited with the interest at the rate of 10%.
Ответ:
The correct option is B. The fair market price for the stock on the day of his father's death.
Explanation:
FAIR MARKET VALUE can simply be defined as the agreed price a seller is ready to take from the buyer which means that Based on the information given in a situation where there was NO alternate valuation date the STOCK BASIS that will be reported on Form 8949 will be The FAIR MARKET VALUE or the asset market value for the stock on the day of his father's death meaning that what the FAIR MARKET VALUE of the inherited ABC stock of 110 shares that was sold on February 2, 2018 was on the day of his father's death will be what will be reported on Form 8949 since there was NO alternate valuation date which he can choose from that will enable him to sell the stock for what the fair market price was on the date the stock was actually sold which is February 2, 2018.