Answer: A. Impossibility of performance
Explanation:
Impossibility of contract is a doctrine where by a contract is rendered invalid on the bases of uncontrollable circumstances which renders performance of contract impossible. Impossibility of performance can be difficult to prove.
Answer:
they will actually experience 2 years of unemployment
Answer:
The answer is 'The price of the bond will increase'
Explanation:
Bond and its price are indirectly related i.e If one goes up, the other goes down. What this means is that, if the yield of the bond is lower than coupon rate(coupon rate greater than bond yield), the price of the bond will increase. And also if the yield of the bond is higher than coupon rate(coupon rate lower than bond yield), the price of the bond will decrease.
Answer:
The interest rate is 0.06%
Explanation:
Step one :
Given data
final amount $1,000
initial principal balance $850
annual interest rate=?
time (in years)=5 years
Step two:
Applying the
Simple interest/Formula
A = P (1 + rt)
A = final amount
P = initial principal balance
r = annual interest rate
t = time (in years)
Plugin our data into the formula We have
1000=850(1+r*5)
1,000=850(1+5r)
Opening bracket we have
1,000=850+4,250r
Colleting like terms we have
1000-850=4250r
250=4,250r
Dividing both sides by 4,250 we have
r=250/4250
r=0.058
Hence the interest rate is 0.06%
Answer:
$45.47
Explanation:
Data provided as per the given question below:-
Stock's Current Price = $35.25
Growth rate = 5.25%
Years = 5
The computation of stock's expected price is shown below:-
Stock's expected price = Stock's Current Price × (1 + growth rate)^5
= $35.25 × (1 + 5.25%)^5
= $35.25 × (1.0525)^5
= $35.25 × 1.29
= $45.47
