What is the option-adjusted spread relative to?
What will be an ideal response?
The option-adjusted spread (OAS) is a spread over the spot rate curve or benchmark used in the valuation. In the case of the binomial method, the OAS is a spread over the binomial interest-rate tree.
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Which of the following statements is correct?
a. The deduction for personal and dependency exemptions is not permitted in calculating the AMT. Therefore, in converting regular taxable income to AMTI, a positive adjustment is required. b. To the extent that itemized deductions exceed the standard deduction for regular income tax purposes, a positive AMT adjustment is required in converting regular taxable income to AMTI. c. The charitable contribution deduction for AMT purposes and for regular income tax purposes can be different. In this situation, a positive AMT adjustment is required for the amount of the difference. d. Only a. and b. are correct. e. a., b., and c. are correct.
The annual _____ plan projects the business in detail over a year; and is the most important planning exercise
A) budget B) operating C) capitalization D) strategic