Answer:
Yield to Maturity = 3.97%
Explanation:
<em>The yield to maturity is the discount rate that equates the price of the bond to the present value of its future cash flow receivable from it.</em>
The yield on the bond can be determined as follows using the formula below:
YM = C + F-P/n) ÷ 1/2 (F+P)
YM-Yield to maturity-
C- annual coupon
F- Face Value
P- Current Price
DATA
Coupon = coupon rate × Nominal value = 1,000 × 3 1/4%= 32.5
Face Value = 1000
YM-?, C- 32.5, Face Value - 1,000, P-940
YM = (32.5+ (1000-940)/10) ÷ ( 1/2× (1000 + 940) )
YM = 0.0397
× 100 = 3.97%
Yield to Maturity = 3.97%
The period of time before and after an initial public offering (IPO) when communication with the public is limited is called the <u>quiet</u> period.
<h3>What is an IPO?</h3>
An IPO is acronym for initial public offering and it can be defined as a process through which a privately owned company (private corporation) list its shares on a stock exchange, in order to make them available for purchase by the general public.
In an initial public offering (IPO), the period of time before and after when communication with the public is limited is called the <u>quiet</u> period.
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Answer:
False.
Explanation:
A call provision is a stipulation on the contract of a bond that allows the issuer to repurchase and retire debt security. A bind indenture states circumstances that can trigger a call, for example if underlying asset gets to a preset price.
In the question it stated that the bond holder can demand for a call. This is untrue as only the issuer has the right to request a call.
If the bondholder wants to dispose of his shares he will do so through the secondary market and not by requesting a call.
Answer:
Option B
Explanation:
In simple words, The given case is related to the conclusion made by the court in the famous case of Vokes versus Arthur MurrayLinks, in which the jury in the court rules that, a determination of a party carrying better information about a subject matter may be treated as a matter of fact even though it would be treated as an opinion if the parties were speaking for deal on equal conditions.
With prestige products and services, a higher price might lead to a greater quantity sold, but only up to a certain point.
A product is something that can be supplied to a market in order to satiate a customer's need or desire. In case of marketing, a product is an item or service which is made accessible for consumer utility in response to their demand. Products are also sometimes found in form of merchandise in the retail sector, or they are purchased as raw materials and then made into finished things in the manufacturing sector. The most common types of commodities are basic materials which includes metals or agricultural goods, but can also include anything that is readily available in the open market.
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