Based on the information given, it can be deduced that the annual percentage rate (APR) is 24%.
The annual percentage rate simply means the yearly interest that's generated by a sum that's charged to a borrower. In this case, the APR is 24% after 6 months.
Also, the credit cards that have an annual fee will be credit card 2 and 3. It can also be deduced that the grace period is the same for the three credit cards while credit 3 has a membership.
If one pays the credit card bill on time and the balance each month, the best credit card is credit card 1. Lastly, when one has a balance from time to time credit card 1 is still the best.
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Answer:
While manufactured fibers are manmade using materials like glass, metal, and plastic, natural fibers are processed and prepared for market without the use of any environmentally destructive synthetic filler fibers.
Explanation:
A longitudinal study (or longitudinal survey, or panel study).
A longitudinal study is an observational research method in which data is gathered for the same subjects repeatedly over a period of time.
Answer:
Explanation:
Revenue recognition= [Transaction price-(Payment to advertisement-fair value)
Transaction price = $43,000
Payment to advertisement = $9,000
Fair value = $5,000
Thus, the revenue should Lewis co. record for the merchandise sold to Adco is:
= $43,000 - ($9,000 - $5,000)
= $39,000
Answer:
≈66 shares
Explanation:
Given data:
Current price ( S ) = $25
strike price ( K ) = $30
risk free rate ( r ) = 4% = 0.04
Standard deviation ( std ) = 30% = 0.3
In( s/k ) = In ( 25/30 ) = -0.1827
t = 30 / 365
To determine the number of shares of stock per 100 put options to hedge the risk we will apply the relation below
Number of shares to hedge risk = | N(d1) - 1 | * 100 ----- ( 1 )
where :
N(d1 ) = cumulative distribution function = 0.3394
back to equation 1 = 0.6606 * 100 = 66 shares
attached below is the remaining part of the solution
