Hmm, i'm not super sure about this one can I go and research it?
Answer:
Bond Price = $875.6574005 rounded off to $875.66
Explanation:
To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is an annual bond, the coupon payment, number of periods and annual YTM will be,
Coupon Payment (C) = 1,000 * 0.05 = $50
Total periods (n) = 3
r or YTM = 0.10
The formula to calculate the price of the bonds today is attached.
Bond Price = 50 * [( 1 - (1+0.10)^-3) / 0.10] + 1000 / (1+0.10)^3
Bond Price = $875.6574005 rounded off to $875.66
<span>A company wins a contract to be the sole provider of phone and cable television service for a city.</span>
Answer:
D. Benefit both Steve and Tom
Explanation:
As Tom produces baseball gloves and baseball bats. Steve also produces baseball gloves and baseball bats, but Tom is better at producing both goods. In this case, trade could benefit both Steve and Tom. The basic logic behind this answer is that, although Steve is not better at producing baseball gloves and bats but still can compete with Tom, where Tom's better quality products will encourage Steve in order to produce bit better quality in order to remain him in the market and competition. On the other hand, when Steve is not producing much quality products, this will give more competitive advantage to Tom, which definitely help him in earning more profits and loyal customers, therefore, in this cycle, both Steve and Tom will get benefit.
Sameee ugh lol!! Wanna talk :/
