regressive. Contoh: • Tiap individu menghitung pajak billnya dengan mengurangi $3000 dari income dan membayar 20% dari sisanya. • Jika perbedaannya negative‚ individu mendapat subsidy Penghitungan pajak progressive 1) Peningkatan yang lebih besar dari average tax rates ketika pendapatan naik‚ sistemnya lebih progressive. Dimana T0 dan T1 adalah pajak liability I0 dan I1 adalah income level 2) Kemungkinan kedua adalah jika salah satu system pajak lebih progressive daripada yang
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Having a personal cash flow statement helps me to organize me finances by allowing me to see where exactly my money is going. I can see the area in which I really do not have to spend as much. For instance‚ housing expenses and transportation would be the priority for me. As much as I love to go out to the movies‚ I would have to cut down on my entertainment expenses. The most interesting thing I learned about completing this worksheet was discovering that most of the time I am spending more
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‚ n.d. Street directory. [Online] Available at: http://www.streetdirectory.com/travel_guide/183448/finance/the_role_of_collateral_manager_in_trade_finance.html [Accessed 24 October 2014]. Fabozzi‚ F. J. & Mann‚ S. V.‚ 2005. THE HANDBOOK OF FIXED INCOME ANALYSIS. 7 ed. United States: McGraw-Hill. Appendix Table 1 Table 2 Table 3
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ANSWERS TO QUESTIONS FOR CHAPTER 1 (Questions are in bold print followed by answers.) 2. What is meant by a mortgage-backed security? A mortgage-backed security is a security backed by one or more mortgage loans. Like a bond that is callable‚ a mortgage-backed security allows the investor to grant the borrower an option. 4. What is the cash flow of a 10-year bond that pays coupon interest semiannually‚ has a coupon rate of 7%‚ and has a par value of $100‚000? The principal or par
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uch a significant effect of the book on people’s mental health‚ however‚ is of much older ancestry. It is said‚ that already in ancient Greece amongst others Aristotle regarded literature as drugs for the soul. During the 1200s‚ it was read even from the Quran to patients in the hospital in Cairo Al-Mansur‚ as part of the treatment. The first doctoral dissertation in bibliotherapy was written in 1949 by the American Caroline Shrodes. There are clear links from psychotherapy to bibliotherapy‚ but
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a certain price bracket in mind‚ say you’re looking for a music system with the best quality and you don’t have a specific price limit in mind. For example‚ “I hadn’t really thought of a price limit‚ but I really want to make sure I get a really good quality music system.” Allow
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CHAPTER 1 (Questions are in bold print followed by answers.) 1. What is the cash flow of a 8-year bond that pays coupon interest semiannually‚ has a coupon rate of 6%‚ and has a par value of $100‚000? The principal or par value of a bond is the amount that the issuer agrees to repay the bondholder at the maturity date. The coupon rate multiplied by the principal of the bond provides the dollar amount of the coupon (or annual amount of the interest payment). An 8-year bond with a 6% annual
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As at 31 December 2014‚ VietinBank total assets reached VND 661‚132 billion‚ increased by 14.7% from 2013‚ equivalent to 103% of target set at the General Meeting of Shareholders. Fund Mobilization: Thanks to numerous fund mobilization and structuring solutions‚ VietinBank continued to maintain stable capital growth in the past several years. Total funding as at 31 December 2014 was VND 595 trillion‚ an increase of 16.3% compared to that of 2013 and reached 104% of the target set at the General
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Midterm Exam #2As the current CEO of Coca-Cola‚ I will pursue the strategy of localization‚ and there are several reasons below. First of all‚ because each country has its own culinary culture‚ Coca-Cola needs to adapt to a variety of culinary culture to increase their sales. Unlike products like cell phones or laptops which can become the best products as long as they are most advanced and practical‚ there is no best beverage because it’s really hard to identify. It means that Coca-Cola should
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CHAPTER 2 BASIC CONCEPTS OF NATIONAL ACCOUNTS AGGREGATES Introduction 2.1 Various concepts of national income and related aggregates used in national accounts connote a particular meaning which may not necessarily conform to the one used in common parlance. It is‚ therefore‚ necessary that these are made familiar to the users to enable them to appreciate these in right perspective. It is with this objective that it has been considered necessary to refer to these in this publication. The basic
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