Answer: 0.05628 = 5.628%
The minimum yield that Mary could receive is 5.628%
Explanation:
Using the YTM (yield to maturity) formula
YTM = C + (f - p) /n ÷ (f+p) /2
C = coupon rate ; 4% of 1,100(par value) = 4/100 × 1,100 = 44
f = face value ( par value) = 1,100
P = market price = 1021.50
n = number of years = (10 - 5)= 5years : since the bond could be called at the end of 5 years.
YTM = 44 + (1,100 - 1,021.50)/5 ÷ (1,100+1,021.50)/2
YTM = 44 + ( 78.5)/5 ÷ 2121.5/2
YTM = 59.7/1,060.75
YTM = 0.05628
= 5.628% as the minimum yield Mary could receive.
Answer:
solicited the bank’s client.
Explanation:
In order for Lisa to have committed solicitation and violated Standard VI(a), she must have actively searched for the bank's former client. The text states that a former client of the bank hired her, but it gives no indication that Lisa went after him. Also, Lisa is no longer working for the bank, if any of the bank's clients looks for her, she isn't doing anything wrong.
Answer:
$1,443.75
Explanation:
The total cost for paving Sam's portion of the road = $35 per linear foot x 110 front feet = $3,850
If the city is going to pay 25% of the total cost, then it will pay $962.50, that would leave a total of $2,887.50 to be paid between Sam and his front neighbor. So Sam's share = $2,887.50 / 2 = $1,443.75
Answer:
$10,500 loss
Explanation:
The computation of the net income affected is shown below:
Since Big Ben purchased shares of Little Trick on 1st April ,so it has the right to receive 30% of the net income for nine months i.e from April 1 to December 31
Now the Earnings from Little Trick is
= $20,000 × 30% × 9 months ÷ 12 months
= $4,500
And, the Compensation paid is $15,000
So, the loss is
= $15,000 - $4,500
= $10,500
Answer: Option C
Explanation: In simple words, planning for resources refers to the activity of NIMS of management which helps in making strategies for resource management. Stock pilling resources and Mutual aid agreements are some of the many examples of it.
In planning for resources under mutual aid agreements two different countries agrees to exchange their resource in such a way that the utility from such resources could be derived to maximum.
Hence from the above we can conclude that the correct option is C .
