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Observed yield on strips can be used to construct an actual spot rate curve, but it is not free from drawbacks. There are some problems with this; first, the liquidity of the strips market is not as much as that of the Treasury coupon market. The second drawback is related to the tax treatment. The tax treatment of strips and treasury coupon is quite different. In strips, accrued interest is taxed even though the investor receives it in cash.
It is the organized and established firms that constitute the venture capital industry.
QUESTION 1 Part A i) Define the terms finance lease and operating lease and explain how you would distinguish between the two leases ii) When accounting for fina
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