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Trava [24]
3 years ago
13

An American Depositary Receipt​ (ADR) is a security issued by a U.S. bank and traded on a U.S. stock exchange that represents a

specific number of shares of a foreign stock. For​ example, Nokia Corporation trades as an ADR under the symbol NOK on the NYSE. Each ADR represents one share of Nokia Corporation​ stock, which trades under the symbol NOK1V on the Helsinki stock exchange.
If the U.S. ADR for Nokia is trading for $ 7.18 per​ share, and Nokia stock is trading on the Helsinki exchange for euro 5.43 per​ share, use the Law of One Price to determine the current ​$/euro exchange rate. ​(Round to three decimal​ places.)
Business
1 answer:
Gnom [1K]3 years ago
4 0

Answer:

Explanation:

Nokia is trading in US at $ 7.18 per share and at € 6.08 on Helsinki stock exchange.

Law of one price - Price of Nokia must be the same in both the countries. So current exchange rate is $7.18/€6.08 = $1.18/€  

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Which statement is true? A. In economics, land refers to all the natural resources found on land alone. B. In economics, capital
jekas [21]

Answer: C

Of the four statements, only C is true.

In economics, land refers to all the natural resources found not on land alone. In economics, capital includes not only tangible objects used for production but also intangible.

A point on the PPC (Production Possibilities Curve) indicates maximum utilization of available resources, while a point under the PPC indicates inefficient and not overutilization of available resources.

6 0
3 years ago
23.
AlexFokin [52]

Answer:

23)  A)  higher than the market rate of interest.

24) D)  6%.

Explanation:

23) Whenever a bond sells at a premium it means that the stated interest rate on the bond is higher then the market interest rates because of which investors are willing to pay more for the bond than its par value, because similar bonds are offering less coupon payments. Whenever a bonds stated interest rate will be higher than the market rate of interest investor will pay more than the par value of the bond.

24) Whenever we need to calculate the present value of a bond we use the market interest rate to discount it because that is the rate that the investors require from the bond, where as the stated interest rate on the bond is what the bond is offering, and we cannot use the stated interest rate to calculate the PV because the stated interest rate is set by the issuer and in order to calculate the the present value we will use the market rate interest because that is the rate that the investors require from the bond. In this case the market rate interest is 6%.

6 0
3 years ago
Breezy Company is considering the replacement of equipment that has a current book value of $340,000. Breezy has an oppprtunity
Rzqust [24]

Answer:

$340,000

Explanation:

A sunk cost is a cost that has already been incurred and cannot be affected by any decision that someone makes. E.g. once you pay an expense like rent, the cost will not be recovered or altered by any decision that you make. Sunk costs is simply money that has been spent and cannot be recovered.

7 0
3 years ago
Grace and her buyers, Sam and Kim, have been looking at homes in a particular new development for over a month. It's obvious to
SVEN [57.7K]

If Grace shares the aforementioned information with Sam and Kim, the kind of closing technique which this is, is: Standing room only.

<h3>What is closing?</h3>

In sales and marketing, closing is a terminology which is typically used with respect to sales and it can be defined as the strategic process of making a business sale successful, such as through the exchange of money for a particular product or goods between a buyer and a seller.

In order for a salesperson to be able to close sales, he or she require abilities such as negotiation skills, courage, active and good listening ears, and interpersonal skills to do so or achieve a successful sales.

<h3>What is a standing room only close?</h3>

Standing room only close can be defined as a type of closing technique in which the salesperson such as Grace, gets a quick commitment from a buyer to a purchase, especially by telling him or her that the demand for the product is very high and only limited quantity is available for purchase at a particular price.

Read more on closing technique here: brainly.com/question/15418317

#SPJ1

Complete Question:

Grace and her buyers, Sam and Kim, have been looking at homes in a particular new development for over a month. It's obvious to Grace that Kim loves the development. The homes are selling fast and there is only one left. Grace has heard that this developer will not be building any more homes in this price range; he plans to go more upscale. If Grace shares this information with Sam and Kim, what kind of closing technique is this?

Assumptive

Alternative

Ownership

Standing room only.

7 0
1 year ago
Land and Sea Incorporated would like your opinion about various countries as potential markets and investment sites. What genera
Pie

Answer:

Land and Sea Incorporated

Country Attractiveness:

The following are general information that can be used to assess the overall attractiveness of a potential country as a market and investment destination:

1. Economic Factors: Some consideration should be paid to the foreign exchange practices, the economic competitiveness, and the fiscal policies, including taxation of the destination country.

2. Political/Legal Factors: An investment destination needs a stable political system with smooth regime-transitions.  Investors should be able to secure their basic property and intellectual property rights.

3. Socio-Demographic Factors: The market potentials (market growth, entry and exit, and profit growth) and the ease of doing business in an environment are also important considerations.

4. Physical Infrastructure: It is very important to understand how the destination country is developing its physical infrastructure.  Are power and energy resources readily available?  Does the country possess good transportation networks that will enable the free movement of persons and goods?  The security of life and property is an important factor that should never be overlooked when considering the physical infrastructure.

Explanation:

Country attractiveness is the measure of a country's readiness to welcome both domestic and international investors and provide the enabling environment for business activities.  However, there should be a thorough evaluation of potential investments in a foreign country to determine the country’s suitability is in terms of its external business environments.  The critical decision to invest should not be left to sentiments and political rhetorics.  Some governments are experts in advertising the attractiveness of their countries.  Some of them, with their investment campaigns, are not bankable.

3 0
3 years ago
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