Answer:
c. $1,300 gain
Explanation:
In this scenario, Susan recognized a $1,300 gain on this sale. This is because Susan originally purchased the stock for a total price of $6,000. When she sold the stock, she sold it for a higher price than what she originally paid for it therefore recognizing a gain. To calculate this gain we simply subtract her initial purchase price from her selling price of the stock which would give us a $1,300 gain.
$7,300 - $6,000 = $1,300
Answer:
YTM = 0.6940%
Explanation:
THe Yield to Maturity (YTM) is the return that you expect from the bond if you held the bond till maturity.
The formula would go as:
YTM = 
Where
F is the face value, or par value
P is the current price
n is the time period, maturity period
Given,
F = 1000
P = 920
n = 12, we have:
YTM = 
Thus, the yield to maturity would be:
YTM = 0.6940%
It is a true statement that Oprah Winfrey has received recognition for her success in the entertainment industry, and well as her philanthropic work.
<h3>Who is
Oprah Winfrey?</h3>
Oprah Winfrey is an American television personality, actress, and entrepreneur who has impacted so many lives in the country. She is one of the richest and most influential women in the United States.
At age 19, she has became a news anchor for the local CBS television station and after her graduation from Tennessee State University, she was made a reporter and coanchor for the ABC news affiliate in Maryland. She also found herself constrained by the objectivity required of news reporting and in 1977 she became cohost of the Baltimore morning show People Are Talking.
Full sentence "Oprah Winfrey has received recognition for her success in the entertainment industry, and well as her philanthropic work True/False"
Read more about Oprah Winfrey
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Answer:
Maximum Amount Payable = $8333.33
Explanation:
Perpetual Annuity Payment = $500
Growth Rate = 3%
Discount Rate = 9%
Maximum Amount Payable = Present Value of Perpetual Annuity
Present Value of Perpetual Annuity = Perpetual Annuity Payment / (Discount rate - Growth rate)
Maximum Amount Payable = $500 / (0.09 - 0.03)
Maximum Amount Payable = $500 / 0.06
Maximum Amount Payable = $8333.33
