Answer:
D) 4.95 percent
Explanation:
The current yield formula can be used to determine the coupon payment which would thereafter be used to compute coupon rate as required:
current yield=coupon payment/current market price
current yield=4.87%
coupon payment=unknown
current market price=101.6533%*$10,000
current market price=$10,165.33
4.87%=coupon payment/$10,165.33
coupon payment=$10,165.33 *4.87%
coupon payment=$495.051571
coupon rate=coupon payment/face value
coupon rate=$495.051571
/$10,000
coupon rate=4.95%
I would say to try and keep all A's until you are finished with school\
It has significantly decreased
Answer:
Individual firms and workers are wage takers because they cannot exert any control over the market wage rate.
Explanation:
Remember, a labor market shows the availability of employment and labor, in terms of their supply and demand.
This scenario occurs in a purely competitive labor market.
In this market there many qualified workers with identical skills; meaning the workers share similar skills while the demand for such skills is high because of their importance to firms.
