<u>Answer:</u> The rate of interest per year is 18.49 %.
<u>Explanation:</u>
To calculate the rate of interest, we use the equation:
where,
Interest paid = $ 53.95
Amount borrowed = $ 700
Rate of interest = ?
Time = 5 months = (Conversion factor: 1 yr = 12 months)
Putting values in above equation, we get:
Hence, the rate of interest per year is 18.49 %.
Answer: high coupon and low call premium.
Explanation:
An issuer interested in reducing its interest cost can use the call provision to call in outstanding bond issues. The issuer is most likely to call bonds with a high coupon and low call premium.
Since we've been informed that the issuer is interested in reducing the interest cost and can use the call provision to call in outstanding bond issues, he or she should call in bonds with a high coupon and low call premium.
Answer:
A service is basically a action of helping or doing work for someone.
Explanation:
Answer:
The correct answer is letter "B": Merit pay provides an incentive for teachers to work harder.
Explanation:
The "<em>merit pay</em>" would allow teachers' to have access to better payments according to their performances. There must be a set of rules well established that determine if teachers are doing their job well or not. For those with lower ratings, the "<em>merit pay</em>" could represent an incentive to take a look at their daily labor activities to improve them so they can also access to higher income.