Answer: $61,328.15
Explanation:
The amount paid is per year so this is an annuity. It will begin 11 years from now so one should find the present value in that year:
Present Value of annuity = Annuity * ( 1 - ( 1 + rate) ^ - no. of periods) / rate
= 6,260 * ( 1 - ( 1 + 3%) ⁻¹⁷) / 3%
= $82,419.90
That is the present value if the annuity starts 11 years from now which means that it is the present value 10 years from now (ordinary annuities are paid end of period).
You need to discount to current period:
= 82,419.90 / ( 1 + 3%)¹⁰
= $61,328.15
Answer:
Politics is the set of activities that are associated with making decisions in groups, or other forms of power relations between individuals, such as the distribution of resources or status.
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Answer:
Intensely focusing on the responsibilities of one individual and maximizing the output of the department in the organization in which that individual works.
Explanation:
Ambidexterity as relating to business means simultaneously exploiting and exploring, running and reinventing a business. it refers to organization's ability to be efficient in its management of the current business and also ability to adapt to coping with changing demand over time.
It does not include Intensely focusing on the responsibilities of an individual and maximizing the output of the department in the organization in which that individual works.
The following are ambidextrous behaviour:
(1) Individuals take time and are alert to opportunities beyond the confines of their own jobs;
(2) they are cooperative and seek out opportunities to combine their efforts with others;
(3) they are brokers, always looking to build internal networks; and
(4) they are multitaskers, who are comfortable wearing more than one
Answer:
interest rate parity
(0.8/1) * (1.4*3/12)/(1.25*3/12) = 0.8
Hence It is proved that interest rate parity does not hold because the vale of forward contract is $0.79/CD.
