Answer:
Chris paid $109.68 for his bond. Since he paid a premium for the bond, the YTM is lower than the coupon rate.
Explanation:
yield of Cheryl's bond is 6% since she purchased it at par and the bond's coupon is 6%
if Chris's bond yields 80% of Cheryl's, it will yield 6% x 0.8 = 4.8%
we can use the approximate yield to maturity formula to find the market price of Chris's bond:
2.4%(semiannual) = {3 + [(100 - MV)/20]} / [(100 + MV)/2]
0.024 x [(100 + MV)/2] = 3 + [(100 - MV)/20]
0.024 x (50 + 0.5MV) = 3 + 5 - 0.05MV
1.2 + 0.012MV = 8 - 0.05MV
0.062MV = 6.8
MV = 6.8 / 0.062 = 109.68
Answer:
No, he should <u>not</u> pick up the $100 bill
Explanation:
If his salary were those $20 billion (20,000,000,000) by a year. Let's find out how much this is by a second.
First let's find out how much is that salary by <em>a day</em>, then by <em>an hour</em>, then by <em>a minute</em> and finally by <em>a second</em>.
![\frac{20,000,000,000}{year}*(\frac{1 year}{365d})*(\frac{1d}{24h})*(\frac{1}{60min} )*(\frac{1min}{60s} ) \\\\ =\frac{20,000,000,000}{365*24*60*60} \\ \\ =\frac{20,000,000,000}{31,536,000} \\ \\ =634.19](https://tex.z-dn.net/?f=%5Cfrac%7B20%2C000%2C000%2C000%7D%7Byear%7D%2A%28%5Cfrac%7B1%20year%7D%7B365d%7D%29%2A%28%5Cfrac%7B1d%7D%7B24h%7D%29%2A%28%5Cfrac%7B1%7D%7B60min%7D%20%29%2A%28%5Cfrac%7B1min%7D%7B60s%7D%20%29%20%20%5C%5C%5C%5C%20%20%3D%5Cfrac%7B20%2C000%2C000%2C000%7D%7B365%2A24%2A60%2A60%7D%20%5C%5C%20%5C%5C%20%3D%5Cfrac%7B20%2C000%2C000%2C000%7D%7B31%2C536%2C000%7D%20%5C%5C%20%5C%5C%20%3D634.19)
So he would be losing money if he picks up the $100 bill, because he would be missing 634 dollars per second.
The answer to this question is practical
Practical intelligence refers to people's capability in applying the knowledges that they have into real life situation.
In this particular case, Anwar already knew the effect of clothes depending on the weather, and he apply that knowledge in order to achieve a certain desired outcome
Answer:
Missing out on the benefits I get from working out using exercise equipment in my garage.
Explanation:
When an option is chosen from alternatives, the opportunity cost is the "cost" incurred by not enjoying the benefit associated with the best alternative choice. The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen." Since Choice B is the next best choice to hiking, missing out on the benefits of working out will be my opportunity cost.
Answer:
D. Direct materials is a variable cost and rent expense is a fixed cost.
Explanation:
- As clearly seen from the data the direct material cost is varying but the rent cost is fixed cost.