Answer:
7.71%
Explanation:
Calculation to determine the bond's nominal coupon interest rate
First step is to determine the PMT using Financial calculator
FV = $1,000
N= 25 × 2 = 50 periods ( semi-annual)
i/y=9.25/2=4.63
PV= - 850
PMT=?
Hence,
PMT=38.55
Second step is to calculate the Annual coupon Payment
Annual coupon Payment =38.55x2
Annual coupon Payement= 77.10
Now let determine the bond's nominal coupon interest rate using this formula
Nominal coupon rate= Annual coupon payment/par value
Let plug in the formula
Nominal coupon rate=77.10/1000
Nominal coupon rate=7.71%
Therefore the bond's nominal coupon interest rate is 7.71%
Answer:
a) 120 skiers per day
b) 6.25% increase in revenue
Explanation:
a) If the average skier stays 10 days, the average turnover is 1/10 of the skiers per day, or 1200/10 = 120 skiers per day.
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b) For a stay of n days, the average skier spends ...
50 +(n-1)30 = 20 +30n
and the average spending per day is ...
(20 +30n)/n = (20/n) +30
So, for a 10-day stay, the average skier spends in restaurants ...
20/10 +30 = 32 . . . . per day
And for a 5-day stay, the average skier will spend ...
20/5 +30 = 34 . . . . per day
The change in restaurant revenue is expected to be ...
(34 -32)/32 × 100% = 2/32 × 100% = 6.25%
Restaurant revenues will be 6.25% higher compared to last year.
The four career pathways in the finance cluster are banking and related services, business financial management, financial and investment planning, and insurance services.
I would assume inside of an office building with cubicles.
Question attached
Answer and Explanation:
Answer and explanation attached
