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3 years ago

All are true of the NYSE expect

1 answer:

6 0

29 minutes ago On December 31, management had determined that it would not be able to collect the $1,200 owed to it by one of its customers.

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Top hedge fund manager Diana Sauros believes that a stock with the same market risk as the S&P 500 will sell at year-end at

Brilliant_brown [7]

Answer:

a. 7.71%

b. $57.57

Explanation:

a. The computation of discount rate is shown below:-

Discount rate = Risk free rate of return + Market Risk Premium × Beta

Here Common stock will have the same market risk as S&P 500 i.e Beta of Common Stock is 1

= 1.5% + 7.6 × 1

= 7.71%

b. The computation of stock price is shown below:-

Stock price = Expected Stock Value at year End ÷ (1+ Discount rate) + Expected Dividend ÷ (1 + Discount Rate)

= $60 ÷ (1 + 7.71%) + $2 ÷ (1 + 7.71%)

= $60 ÷ 1.0771 + 2 ÷ 1.0771

= $55.71 + $1.86

= $57.57

7 0

3 years ago

Complete the following statements to demonstrate your understanding of the relationships among the different structures of the F

Anna007 [38]

Answer:

1. Chairman

2. The responsibility of

3. Tenure is more than

4. Federal Open Market Committee (FOMC)

5. Twelve members

6. instructions issued by the FOMC to the Federal Reserve Bank of New York

Explanation:

The Board of Governors of the Federal Reserve is in charge of setting and overseeing monetary policy and is headed by the CHAIRMAN

Monetary policy is supposed to be THE RESPONSIBILITY OF Congress and the president. This goal is aided by the fact that the governors' TENURE IS MORE THAN them to outlast the president who appointed them.

Because Congress initially intended to create a decentralized banking system, there are also smaller branches of the Federal Reserve known as district banks. The presidents of the district banks take turns serving as members of the FEDERAL OPEN MARKET COMMITTEE.

The Federal Open Market Committee (FOMC) is the official policy making body of the Federal Reserve and is made up of TWELVE MEMBERS.

The mechanism for translating FOMC policy into action is INSTRUCTIONS ISSUED BY THE FOMC TO THE FEDERAL RESERVE BANK OF NEW YORK, which outlines the course of monetary policy for the next six weeks.

4 0

3 years ago

Justin Peter earned a salary of $30,000 during 2019. During the year, he was required by his employer to take several overnight

zalisa [80]

Answer:

The answer is: D) $31,500

Explanation:

If Justin didn't account his expenses to his employer, then any extra amount given to him should be added to his gross income. In Justin's case his gross income should be $31,500 ($30,000 + $1,500). On the other hand, if he would have accounted his expenses to his employer, then the $1,500 wouldn't be added to his gross income.

5 0

3 years ago

The Fashion Shoe Company operates a chain of women’s shoe shops that carry many styles of shoes that are all sold at the same pr

Stella [2.4K]

Shop 48's new break-even point in unit sales is 14,000 units and dollar sales is $420,000.

<h3>Break even point in units and sales</h3>

Break even point in units sales

Break even point= Fixed cost /Contribution per units

Break even point=$210,000/ ($30-15)

Break even point=$210,000/ $15

Break even point=14,000 units

Break even point in dollar sales:

Break even point in dollar sales =14,000 ×$30

Break even point in dollar sales=$420,000

Therefore Shop 48's new break-even point in unit sales is 14,000 units and dollar sales is $420,000.

Learn more about break even point in units and sales here:brainly.com/question/15281855

#SPJ1

5 0

2 years ago

Drew wants to save $2,500 to go to the next World Cup. To the nearest dollar, how much will he need to invest in an account now

Akimi4 [234]

Answer:

195

Explanation:

FV/ (1 + r/m)^nm = pv

FV = Future value

P = Present value

R = interest rate

m = number of compounding

N = number of years

2500 / (1 + 0.0625/365)^365 x 4

2500 / (1.000171) = 2499.57

4 0

3 years ago