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%
Answer: Cross price elasticity is - 0.12
Explanation:
Cross price elasticity measures the responsiveness of quantity demanded of good a to a change in any of its related variable such as good b.
Given,
Pa=6, Pb=3, and M=30,
So, cross price elasticity is given by
Since, cross price elasticity is negative it means that good a and good b are complements to each other.
Answer:A) an investment banker
Explanation: An investment banker is an individual who often works as part of a financial institution and is primarily concerned with raising capital for corporations, governments, or other entities.
Answer: 6.67%
Explanation:
Return on Investment is calculated by dividing Income from operations by average total assets.
Average Total Assets = (Beginning Value + Closing Value) / 2
= (2,700,000 + 3,300,000 )/2
= 6,000,000/2
= $3,000,000
Return on Investment = Income from operations/ Average Total Assets
Return on Investment = 200,000/3,000,000
Return on Investment = 0.06667
= 6.67%
