Answer: The last clear chance doctrine allows the plaintiff to recover damages despite proof of contributory negligence .
<u>Explanation:</u>
The rule of last clear chance doctrine law states that if the plaintiff is negligent it is not taken into account when the damage or the injury caused by the accident could have been prevented by the defendant before the accident. This law can save the careless behavior of the plaintiff and can claim for the damages or the injuries caused due to the accident.
Even if the negligence of the plaintiff is proved not to be the cause of the injury. The defendant could have prevented from the accident.
Answer:
Rate of return < current YTM
Explanation:
In order to determine whether the current YTM is greater or less,we need to first of all determine the current YTM using excel rate formula as shown below:
=rate(nper,pmt,-pv,fv)
nper is the number of coupon payments the bond pay which is 15
pmt is the annual coupon payment of $100(10%*$1000)
pv is the current price of $890
fv is the face value of $1000
=rate(15,100,-890,1000)=11.58%
Since the rate of return is 8.8% while the current YTM is 11.58%,the third option is correct
Answer:
a. 6.9
Explanation:
55/8 = 6.875 = 6.9
This means purchase a share of this company is paying 6.9 times his annual earnings.
<u>It could be interpreted both ways:</u>
- if this is high, the market can expect to grow their earnings soon or...the share is overstated and will not increase his value shortly.
- If this is considered low, then the market expects its earnings to decrease or ... the share is understated and will increase their valuation soon
Answer:
$4,240
Explanation:
A listing contract is a contract between the owner of a property and real estate broker. It's a legal document that gives the real estate broker the rights to sell your home.
In this case, since the house was sold by the owners during the listing period, the real estate company is entitled to the 4% on sale agreed upon.
Thus,
Commission entitled = 106,000 × 4%
= 106,000 × 0.04
= $4240
Answer: No
Explanation: Unless it is invested in short-term securities, there will be no interest income for cash in any financial statement.