The Simone Trust reported distributable net income of $120,000 for the current year. The trustee is required to distribute $60,000 to Kent and $90,000 to Lind each year. If the trustee distributes these amounts, what amount is includible in Lind's gross income?

A. $0
B. $60,000
C. $72,000
D. $90,000

Answer: C. $72,000

Business

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Indicate whether the statement is true or false

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Assume S = $60, K = $65, ? = 0.15, r = 0.05, T - t = 122 days, div = 0.015, and a jump probability = 0.003. What is the value of a call?

A) $0.67 B) $1.67 C) $2.67 D) $3.67

Business