Characteristics of american financial system
Assess the structural characteristics of the American financial system, including both institutions and markets, that lead to its efficiency and effectiveness.
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Nonbusiness bad debt $6,000 ;Business bad debt $2,000 ;Nonbusiness long-term capital gain $4,000; Nonbusiness short-term capital loss $3,000
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You just purchased a bond that matures in 4 years. The bond has a face value of $1,000 and has an 9% annual coupon. The bond has a current yield of 7.63%. What is the bond's yield to maturity? Round your answer to two decimal places.
Discuss the role of central banks, such as the Federal Reserve in the United States, to provide economic growth and stability.
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