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Ira Lisetskai [31]
4 years ago
7

Jamie works as a salesperson at a car dealership. He takes his sales very seriously. After selling a car to a customer, he waits

two weeks and then calls the customer to see how they like their new car. He tries to reinforce the fact that they made a smart investment and that the dealership is there for any problems they might have. Jamie is attempting to reduce
Business
1 answer:
Delicious77 [7]4 years ago
6 0

Answer:

cognitive dissonance

Explanation:

Cognitive dissonance this can be defined as a state of mental conflict that occurs when beliefs or assumptions are contradicted by new information. So, for Jamie to have called the buyer, trying to reassure the customer of making a good decision in purchasing of the car. That will have have given the customer a better assurance from the one he/she has before purchasing, even if there were thoughts of changing his/her mind, that call made by Jaime could have eradicated it.

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Sqeekers Co. issued 11-year bonds a year ago at a coupon rate of 8.3 percent. The bonds make semiannual payments and have a par
mojhsa [17]

Answer:

The price of the bond today is $1,131.48

Explanation:

Face value (FV): $1,000

Coupon rate: 8.3%

-> counpon received semi- annually (PMT) = $1000 * 8.3%/2 = $41.5

Tenor: 11 years -> number of payment (NPer) = 11*2 = 22

YTM: 6.6% -> semi-annual rate = 6.6%/2 = 3.3%

Present value = Future Value/ (1+ YTM)^tenor

We can use excel to calculate Present Value of annual payment

= PV(Rate,NPer,-PMT) = PV(3.3%,22,-41.5) = $641.94

The price of bond today = present value of face value + present value of coupon received annually

= 1000/(1+3.3%)^22+ 41.5/(1+3.3%)^22 + 41.5/(1+3.3%)^21+....+ 41.5/(1+3.3%)^1

= 1000/(1+3.3%)^22 + 641.94

= 1,131.48

3 0
4 years ago
A bond issue with a face amount of $496,000 bears interest at the rate of 10%. The current market rate of interest is also 11%.
mart [117]

Answer: Less than $496000.

Explanation:

This is the case where market rate of interest is greater than the coupon rate.

current market rate of interest = 11%

face amount = $496000

bears interest at the rate of 10%

In this case, buyer will purchase these bond below the face value and hence bonds are issued at a discount. So, the price of these bonds are less than the face value.

This is due to the higher market interest rate because if a buyer can get higher return from market, so why would he buy these bonds.

∴ These bonds will sell at a price that is less than $496000.

5 0
3 years ago
You are involved in an Information Systems project. The project's scope has widened, but there is no change in cost, quality, an
LenKa [72]

Answer:

True

Explanation:

Project scope deals with the specific requirements or tasks necessary to complete the project. Scope is important to manage on any project, because if you can’t control the scope of the project, you’re not likely to deliver it on time. Also should the scope get widened it will result in time taken to complete the project.

Every project is faced with the triple constraint, which are the time, scope and cost.

Kindly see the attached for further clarity

3 0
3 years ago
Bond A sells at $975. Bond B sells at $1010. Both bonds have a coupon rate of 4%. All else equal, which bond has more interest r
Softa [21]

Answer:

Bond A

Explanation:

Interest rate risk is the likelihood of loss to bondholders emanating from an increase in a bond's market interest rate which is also the yield to maturity.

However, a bond is issued at a premium when its market interest rate is lower than the coupon rate and at a discount when the reverse is the case.

In this instance, bond A was issued at a discount  while B was issued at a premium, hence, the market interest rate of Bond A is higher and it has a higher interest rate risk due to its yield to maturity which made it trade at a discount to the face value of $1000 per bond

7 0
3 years ago
1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are im
barxatty [35]
Capitalism, most businesses have a profit motive. Describe at least one reason that businesses with a profit motive may be helpful for society and at least one reason that they may be harmful for society
6 0
3 years ago
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