The average interest on a payday loan is high, roughly 350-450% is added on to the price of the original loan. These loans are typically two week loans, so a person can expect to have around $25 in interest added to every $100 they borrow. These loans are expense to be using on a continuous basis.
Answer:
1) The yield to maturity is required rate of return on a bond expressed as a nominal annual interest rate. For noncallable bonds, the yield to maturity and required rate of returns are interchangeable terms
2) Unlike YTM and required return, the coupon rate used as the interest rate in bond cash flow valuation, but is fixed percentage of par over the life of the bond used to set the coupon payment amount.
3) The coupon rate is constant at 10%. The YTM is 8%.
Explanation:
Answer: Division of Labour
Explanation: This is the division of a task or job role into smaller parts between two or more people.
Division of Labour helps to achieve a higher rate of productivity and efficiency.
By having the same person doing both jobs productivity and efficiency is low, because the workload increase on that individual which directly affects his performance on the job.
Answer:
$16.4
Explanation:
Given: Preferred stock= 1400 shares of $100
Total share outstanding= 29000
Total shareholder´s equity= $615600.
Now, calculating the book value per shares.
Formula; Book value per shares= 
Preferred stock= 
∴ Preferred stock= $140000.
Book value per shares= 
∴ Book value per share= $16.4
