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2 years ago

Explain about The Panamanian Credit Association.

1 answer:

6 0

The Panamanian Credit Association is the company that helps in providing the credit facilities to the large number of people.

<h3>What is Credit?</h3>

Credit refer to the amount that has to be paid to the lender by the borrower. Companies and bank provides the credit facilities to the customers by paying their amount on time.

The Panamanian Credit Association supports the development of an objective and inclusive credit system for all facets of society. It provides the money resources to the people on credit basis and the person does not reimburse the money immediately but promises to pay in the future.

Therefore, it can be concluded that The organization that assists in giving credit facilities to such a huge number of people is the Panamanian Credit Association.

Learn more about Credit here:

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Autocorrelation functions of covariance stationary series. While interviewing at a top investment bank, your interviewer is im-

Montano1993 [528]

Answer:

Only the first autocovariance function : γ(t,r) is covariance stationary, the remaining are not covariance stationary

Explanation:

For a process to be covariance stationary/ weak stationary/ second order stationary it must satisfy these two conditions below:

In order words, {Xt} is said to be (weakly) stationary if :

1. it is independent of t, and

2. For each h, x(t + ћ, t) is independent of t.

In that case, we write:

γX (h) = γX (h,0⇒)

Hence only the first autocovariance function : γ(t,r) is covariance stationary since Autocorrelation function (ACF) is time independent.

The remaining are not covariance stationary because ACF is time dependent.

3 0

3 years ago

To keep your business plan up-to-date, it should be revised every

Rufina [12.5K]

Answer:

A-month

Explanation:

by revising it monthly, it is the most up to date and can be consistently helpful to you as well as organized.

4 0

3 years ago

McConnel corporation has bonds on the market with 16.5 years to maturity, a YTM of 7.7 percent, a par value of 1000 and current

White raven [17]

Answer:

Coupon rate = 0.08402 or 8.402%

Explanation:

To calculate the price of the bond, we need to first calculate the coupon payment per period. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,

Coupon Payment (C) = x

Total periods (n)= 16.5 * 2 = 33

r or YTM = 7.7% * 1/2 = 3.85% or 0.0385

The formula to calculate the price of the bonds today is attached.

Using the bond price formula and the available values, we calculate the coupon rate to be,

1065 = x * [( 1 - (1+0.0385)^-33) / 0.0385] + 1000 / (1+0.0385)^33

1065 = x * (18.50739407) + 287.4653284

1065 - 287.4653284 = x * 18.50739407

777.5346716 / 18.50739407 = x

x = 42.012 rounded off to $42.01

If the semi annual coupon payment is $42.01, the annual coupon payment will be 42.01 * 2 = $84.02

The coupon rate on bonds is = 84.02 / 1000

Coupon rate = 0.08402 or 8.402%

7 0

3 years ago

The risk premium for common stocks

Brrunno [24]

Answer:

Explanation:

Risk premium is the compensation given to investors for holding risky assets. The more risky an asset is, the higher the premium.

A rational investor would be unwilling to invest in a stock that offers zero premium because there is no compensation for the risk that is borne by the investor.

Risk premium is always positive.

Risk premium = expected rate of return of the asset - expected rate of return of the risk free asset.

The more risky the asset, the higher the expected rate of return. So, the expected rate of return of the asset would always be higher than the risk free rate. This makes risk premium positive

7 0

3 years ago

For March, sales revenue is $1,000,000; sales commissions are 5% of sales; the sales manager's salary is $80,000; advertising ex

nasty-shy [4]

Answer:

$217, 100

Explanation:

The selling expenses are as follows

sales commissions 5% of 1,000,000

=5/100 x 1,000,000 = $50,000

sales manager is $80,000

Adverting expenses $65,000

shipping expenses 1% of 1,000,000

=1/100 x 1,000,000 = $10,000

Miscellaneous expenses 2100 + 1/100 x 1,000,000

=2100 +10,000 = $12,100

Total selling expenses = $50,000 + $80,000 + $65,000 + $10,000 + 12,1000

= $217, 100

5 0

3 years ago