Answer:
D. Reimbursement
Explanation:
A principal may be defined as a company's agent dealing with a contractor. The principal has the duty to reimburse an agent for the amount of money used up while carrying out his/her duty. Reimbursement may be from expenses like cost of travelling, cost of meals, cost of lodging and so on. In other words, if an agent makes authorized spending while doing a job for the principal, the principal has the duty to reimburse the agent for the money spent.
Answer:
$2,189.76
Explanation:
<em>The price of a bond is the present value (PV) of the future cash inflows expected from the bond discounted using the yield to maturity.</em>
<em>The price of the bond can be calculated as follows:</em>
<em>Step 1</em>
<em>PV of interest payment</em>
Interest payment =( 5.94%× $2000)/2
= $59.4
Semi annual yield = 5.1/2 = 2.6%
PV of interest payment
= 59.4× (1-(1.026)^(-20×2))/0.026)
= 59.4 × 24.41400537
=<em>$ 1,450.19</em>
Step 2
<em>PV of redemption value</em>
= 2,000 × (1+0.051)^(-20)
= 2,000 × 0.369781925
= 739.56
Step 3
<em>Price of bond </em>
= $1,450.19 + $739.56
=$2,189.76
Answer:
3%
Explanation:
Data provided as per the question
Nominal interest rate = 100%
Inflation rate = 7%
The computation of the real interest rate is shown below:-
Real interest rate = Nominal interest rate - Inflation rate
= 10% - 7%
= 3%
Therefore, for computing the real interest rate we simply deduct the inflation rate from the nominal interest rate.
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