You just have to study them
Answer:
8.55%
Explanation:
For computing the current yield first we have to determine the present value by applying the present value formula which is shown below:
Given that,
Future value = $1,000
Rate of interest = 8%
NPER = 7 years
PMT = $1,000 × 9% = $90
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
After solving this, the present value is $1,052.06
Now the current yield is
= PMT ÷ PV
= $90 ÷ $1,052.06
= 8.55%
Answer:
Will call purchasing
Explanation:
Cash and carry also known as "will call purchasing" or "carry trade" is a sales strategy or method of purchase in which a customer must pay for an item immediately and must take the item with them. It eradicates all forms of credit sales.
Cash and Carry involves paying for an item and taking it along with you. There is no space for future delivery and it doesn't include delivery cost in the price of an item.
Pickup can't be delayed to a later date.
Answer:
"An NMS stock is current quoted at $16.10 Bid - $16.30 Ask. A customer wishes to place an order to buy 1,000 shares of the stock at $16.111. The registered representative should:"
buy the 1,000 shares of NMS stock when the price is $16.111 or below.
Explanation:
This order by the customer is a limit order. It indicates the price at which the registered representative should buy the stock of NMS. A limit order means that the order can only be filled at the specific price or better (below the limit). It is not like a stop order which triggers at the specified price and will then be filled at the prevailing market price, whether it is below or above the stated price.
