Answer:
The Luther's new share price is closest to $16
Explanation:
For computing the new share in case of the stock split, first we have to find out the value of total share which is shown below:
Value of share = Outstanding number of shares × price per share
= 5,000,000 × $40
= 200,000,000
Now we find out the outstanding shares after the stock split which equal to
= Value of share × stock split ratio
=5,000,000 × 5 ÷ 2
= 12,500,000
Then, compute the new share price which is equal to
= Value of shares ÷ stock split outstanding shares
= 200,000,000 ÷ 12,500,000
= $16
Hence, Luther's new share price is closest to $16
Answer: $4,642.37
The price of the bond is $4,642.37
Explanation:
Using the price of bond formula :
C × 1 - (1+r) *-n / r. + F / (1+r)*n
C = coupon rate = 2.9% of 10,000
= $290
n = 24years...... years to maturity
F = $10,000...... Face value/par value
r = yield to maturity = 3.4% = 0.034
Price of bond =
290 × 1–(1+0.034)*-24 /0.034
+ 10,000 / (1.034)*24
290× 1 - (1.034)*-24 / 0.034
+ 10,000 / (1.034)*24
290 × (1 - 0.448236347)
+ 4,482.36347
160.011459 + 4,482.36347
Price = $4,642.37 as the price of bond.
Answer:
independent retailer, corporate chain, and contractual systems
Answer:
C.
Explanation:
The best test to detect register disbursement schemes would be to Identify customer sales posted to one credit card and refunds posted to another credit card. This is because a register disbursement scheme is a type of fraud in which the employee replicates an old transaction with a new one while at the same time replacing the transaction type from debit to credit and vice-versa, in order to justify the cash withdrawal.
Answer: Option(a) is correct.
Explanation:
Correct Option : Marginal cost curve above average variable cost for a typical firm in the market.
In a market of perfect competition, the shutdown price of the firms will be minimum point of average variable cost. So, there is supply of goods by the firms if the price is equal or above the shutdown point of the firm.
Therefore, the supply curve of the firm is the above part of the MC curve from the minimum point of average variable cost.
