What does the act of state doctrine assert?
What will be an ideal response?
A general principle of international law is that a country has absolute authority over what transpires within its own territory. In furtherance of this principle, the act of state doctrine states that judges of one country cannot question the validity of an act committed by another country within that other country's own borders. This restraint on jurisdiction is justified under the doctrine of separation of powers and permits the executive branch of the federal government to arrange affairs with foreign governments.
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Fraud abuses in the AP/CD process usually entail creating phony ______________________________ or submitting fictitious _________
Fill in the blank(s) with correct word
Currently, Bruner Inc's bonds sell for $1,250 . They pay a $120 annual coupon, have a 15-year maturity, and a $1,000 par value, but they can be called in 5 years at $1,050 . Assume that no costs other than the call premium would be incurred to call and refund the bonds, and also assume that the yield curve is horizontal, with rates expected to remain at current levels on into the future. What is
the difference between this bond's YTM and its YTC? (Subtract the YTC from the YTM.) a. 2.11% b. 2.32% c. 2.55% d. 2.80% e. 3.09%