Answer:
a. Price of Bond is $1,333.33
b. Less
Explanation:
a.
Current yield is the ratio of coupon payment to the market value of the bond. It is the rate of income received from bond at current market rate.
As given
Coupon Payment = $1,000 x 8% = $80
Current Yield formula is as follow
Current Yield = Coupon Payment / Market Value
6% = $80 / Market Value
Market Value = $80 / 6%
Market Value = $1,333.33
b.
As we know that
if Price > Face value then YTM < Coupon rate
if Price < Face value then YTM > Coupon rate
if Price = Face value then YTM = Coupon rate
According to given condition
$1,333.33 > $1,000 then YTM < 8%
The bond’s yield to maturity is less than 8%.
Answer: Personal computers must be a normal good.
Explanation:
Normal good is a type of commodity available in a market, in which the commodity's demand increases as income of the buyers increase. The normal goods posses a positive income elasticity of demand(where demand is directly proportional to income).
Answer:
a. True
Explanation:
The foreign exchange market is a market for converting the currency of one country into that of another country.
For example, the conversion of dollars of the United States of America can be converted into naira (Nigeria) at the foreign exchange market.
Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.
The efficient market school also known as the efficient market hypothesis (EMH) is a hypothesis that states that asset (share) prices reflect all information and it is very much impossible to consistently beat the market.
Also, forward exchange rates are exchange rates controlling foreign exchange transactions at a specific future date or time.
Fencer y attacks and records a valid touch while x gets knocked out of a pool match after receiving a yellow card for using non-conforming products. In the end, X is now down 4-2.
These are goods that don't follow product specifications. To stop them from being used or delivered inadvertently, they are identified and regulated. A written method must define the controls, together with the responsibilities and powers that go along with them, for handling non-conforming products.
Non-conforming products items include measuring instruments that are unable to complete their intended measurements.
A company should have a quality assurance manual that details the steps involved in recognizing non-conforming products, cataloging them, and separating them from conforming materials.
No Old Knob Will Do
non-conforming products can be defined as any good or component that is flawed, fake, or does not adhere to the specifications.
Learn more about non-conforming products here
brainly.com/question/20038557
#SPJ4
