Process of elimination:
Flexibility is a characteristic because entrepreneurs are designing their own path (path being vague for whatever their entrepreneurship is focused on), allowing for flexibility
Risk is a characteristic because being on your own and doing your own thing is much more unstable than simply working for a well-founded company
Innovation is a characteristic, because the flexibility that comes from being an entrepreneur allows for freedom of ones own ideas, making innovation more likely.
Profit is not a particular characteristic, due to the risk factor.
Profit is the right answer :D
Inventory because the things they have in stock is their inventory and I cannot see how any of these other options could be linked to the pumpkin spice.
Hope this is helpful:)
Consumers buy products from the producers because they produced it. if that is the question that you are asking.
Answer:
Bond Price = $149.1136446 million rounded off to $149.11
Explanation:
To calculate the price of the bond today, we will use the formula for the price of the bond. 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) = 180 million * 0.08 * 6/12 = 7.2 million
Total periods (n) = 20 * 2 = 40
r or YTM = 0.1 * 6/12 = 0.05 or 5%
The formula to calculate the price of the bonds today is attached.
Bond Price = 7.2 * [( 1 - (1+0.05)^-40) / 0.05] + 180 / (1+0.05)^40
Bond Price = $149.1136446 million rounded off to $149.11