Gerald buys a new beard trimmer. However, once he starts using it, he finds out that the trimmer has no settings to adjust the l
ength of beard he wants to trim. Unsatisfied with the product, he considers returning it. Gerald decides that he would return the trimmer and buy another one that suits his requirement. In this scenario, which of the following types of ethical evaluation does Gerald demonstrate?
A. Retrospective evaluation
B. Deontological evaluation
C. Teleological evaluation
D. Analogical evaluation
A. Retrospective evaluation
B. Deontological evaluation
C. Teleological evaluation
D. Analogical evaluation
1 answer:
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Answer:
a. 4.89%
b. 5.23%
Explanation:
We use the rate formula which is shown in the attached spreadsheet
Given that,
Present value = $2,000 × 108.96% = $2,179.20
Future value or Face value = $2,000
PMT = $2,000 × 5.7% ÷ 2 = $57
NPER = 16 years × 2 = 32 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this,
a. The yield to maturity of the bond is 4.89%
b. The current yield would be
= 57 × 2 ÷ $2,179.20
= 5.23%
