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2 years ago

If you were going to get a loan to purchase a new car, which financial intermediary would you use?

1 answer:

7 0

If you were going to get a loan to purchase a new car, financial intermediary you would use is a commercial bank.

Financial intermediary is that entity that acts as an intermediary or the middlemen between the two parties during any financial transaction.

Financial intermediaries can be a commercial bank, an investment bank, pension fund or the mutual funds.

Commercial bank is that financial institution which offers different financial functions such as accepting deposits, offers various loans, offering checking account facilities, and also offers some basic facilities such as saving accounts to the customers.

It provides personal loans, mortgages, commercial loans to the customers.

To know more about commercial bank here:

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A 30-year maturity bond making annual coupon payments with a coupon rate of 12% has (Macauley) duration of 11.54 years and conve

dsp73

The price of the bond if the yield to maturity falls to 7%, based on the period and amount will be $1,620.45.

<h3>What is the price of the bond at 7%?</h3>

We shall assume that the bond has a face value of $1,000.

The coupon is:

= 12% x 1,000

= $120

The price is:
= (Coupon x Present value interest factor of annuity, 30 years, 7%) + Face value of bond / ( 1 + rate) ^ number of periods

= (120 x 12.409) + (1,000 / (1 + 7%)³⁰)

= $1,620.45

Find out more on bond pricing at brainly.com/question/25596583.

7 0

2 years ago

Sales of denim shorts and denim jeans for may totaled $1,955. the shorts sold for $15 each, and the jeans sold for $28 per pair.

Vesnalui [34]

Number of shorts sold=xnumber of Jeans sold =y 100 items were sold x +y=100 eq 1x=100-y The shorts sold for $15 each, and the jeans sold for $28 per pair.Sales of denim shorts and denim jeans for May totaled $1,955. 15x+28y=1955 eq 2

substitute the value of x in second equation 15(100-y) +28y=1955 1500-15y+28y=1955 13y=455 y=35 x=100-35=65 Number of shorts sold=x=65
number of Jeans sold =y=35

7 0

3 years ago

Mr. Cooper would like to customize his Excel software so his students can create an electronic graph in Excel for their lab repo

rusak2 [61]

<span>Mr. Cooper would like to customize his Excel software so his students can create an electronic graph in Excel for their lab reports. Which process would best help the students locate the chart tools options? Adding the Chart Tools options as a main tab. I would add this option versus create a graph template because the tool will allow more customization for the students to have. If they go off of a template, they likely won't know how to edit the graph template and they will all look the same. </span>

4 0

3 years ago

Two products, QI and VH, emerge from a joint process. Product QI has been allocated $12,300 of the total joint costs of $33,000.

LuckyWell [14K]

Answer:

Profit from selling at the split-off point = $13 x 1,900 units = $24,700

Profit from Processing further: = $15 x 1,900 - Processing total cost of $11,000

= $28,500 - $11,000

= $17,500

<u>Comparison</u>

$24,700 - $17,500

=$7,200

There is a decrease in overall profit

Conclusion: If product QI is processed further and sold, then overall profit will decrease by $7,200.

5 0

4 years ago

A U.S. company (like Jelly Belly) makes its gourmet jelly beans in the United States, and sugar is about half the cost of produc

Svetradugi [14.3K]

Answer: Highly doubtful.

Explanation:

U.S. sugar protection policies save producers in the U.S. billions of dollars so those companies continually lobby for the government to keep up the policies.

A company such as Jelly Belly is not influential enough to fight off the various sugar interests unless there are other players like Jelly Belly in the game. The text makes no mention of them however so it must just be Jelly Bean and they do not have the influence to get the government to reverse policy.

3 0

3 years ago