Answer: a. an e-brand brand
Explanation:
An e-brand is one that provides just an online service for merchandise sales. These companies do not have physical locations but rather show you all that they sell on their websites and then when you purchase something, they deliver it as a physical good. The most popular example of such is Amazon.
The advantage of such brands is that they get to save on the rental and other property costs related to establishing brick-and-mortar stores because they are online.
Answer:
7.3%
Explanation:
Bond price is the sum of present value of coupon payment and face value of the bond. If the price is available the coupon payment can be calculated by following formula
As per given data
n= 18 years
Par value = $1,000
Price = $965
YTM = 7.7%
As we have the value of the bond we need to calculate the coupon payment using following formula:
Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]
$965 = C x [ ( 1 - ( 1 + 7.7% )^-18 ) / 7.7% ] + [ $1,000 / ( 1 + 7.7% )^18 ]
$965 = C x 9.57 + $263.10
$965 - 263.10 = C x 9.57
701.9 = C x 9.57
C = 701.9 / 9.57 = 73.34
Coupon rate = 73.34 / 1000 = 7.334%
This is a trick question. it's technically D.
APR determines the amount of interest you are charged if you do not pay your bill in full each month.
A) Bank Loan
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