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Oliga [24]
3 years ago
8

A company has issued a floating-rate note with a coupon rate equal to the three-month Libor + 65 basis points. Interest payments

are made quarterly on 31 March, 30 June, 30 September, and 31 December. On 31 March and 30 June, the three-month Libor is 1.55% and 1.35%, respectively. The coupon rate for the interest payment made on 30 June is:
2.00%.
2.10%.
2.20%.
Business
1 answer:
enot [183]3 years ago
6 0

Answer:

2.20%

Explanation:

Data provided:

Company issued floating-rate note with a coupon rate equal to the three-month Libor 65 basis points

On 31 March three-month Libor  = 1.55%

On 30 June three-month Libor  = 1.35%

Now,

The coupon rate for the interest payment made on 30 June will be calculated as

= 1.55% + 0.65

= 2.20%

Hence, the correct option is 2.20%

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3 0
3 years ago
A client is admitted to the hospital with a diagnosis of lower extremity arterial disease (LEAD) A client with heart disease has
AlekseyPX

Answer:

Blood enters the right atrium via the superior and inferior vena cava, flows to the right ventricle and then into the lungs, returns from the lungs to the left atrium and left ventricle, and exits out the aorta

Explanation:

The blood stream will flow to the right artium through the vena cava and moves to the right ventricle as well as the lungs. The blood is then returned back to the left atrium and ventricle from the lungs. It later flows out through the aorta. That is the sequence of flow of the blood streams to and from the lungs.

6 0
3 years ago
Suppose that consumer income increases and that ground meat is an inferior good. Which of the following will occur in the market
antoniya [11.8K]

Answer:

d. Market clearing price will fall, and equilibrium quantity will fall.

Explanation:

Inferior goods are those goods which do not behave normally to market.

As with increase in consumer spending capacity, their demand decreases.

Accordingly with decrease in demand , the prices will fall.

Thus, either Statement b is correct or statement d.

Since demand and price both tend to fall, the equilibrium quantity will fall for the same, as the demand will be low, the equilibrium quantity will fall to meet the demand level.

Thus, Statement D is correct.

4 0
3 years ago
On November 1, 2018, New Morning Bakery signed a $195,000, 6%, six-month note payable with the amount borrowed plus accrued inte
Blizzard [7]

Answer:

total cash pay is $200850

Explanation:

given data

Bakery signed P = $195000

rate R = 6 %

time T = 6 month

to find out

cash amount will be needed to pay back with interest

solution

we find first interest for 6 month that is 6/12 year

so interest = P×R×T

interest = 195000×0.06×6/12

interest = $5850

so total amount pay = Principal  + Interest

total amount pay =195000  + 5850

total cash pay = $200850

5 0
3 years ago
What is one of the most common mistakes salespeople make?
Damm [24]

Answer: Correct answer is D. Overselling

Explanation:

It’ll be annoying. People just want to hear about the product and what it does.

4 0
3 years ago
Read 2 more answers
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