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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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Upon graduating from college, you make an annual salary of $58,381. You set a goal to double it in the future. If your salary in
Fynjy0 [20]

Answer: 9.20

Explanation:

In finance there is a rule for calculating this called 'The Rule of 70'.

With The Rule of 70, you are able to calculate the amount of time it will take an investment to double if you divide 70 by the growth rate of the investment.

In this scenario, the investment is your salary and the growth rate is 7.61% pee year.

The amount of time it will take to double is therefore,

= 70 / 7.61

= 9.19842312746

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It will take 9.20 years to double.

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Blanchard and Hersey's Situational Leadership style used which two dimensions to determine employee readiness?
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Answer:

According to Hersey and Blanchard, readiness refers to "the extent to which a follower has the ability and willingness to accomplish a specific task" (1988, p. 174). The two dimensions composing employee readiness are willingness and ability related to a specific task.

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Ostrovityanka [42]
Cameras barbed wire electric fence depends on the situation but mainly a security system
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Full-time employees must have money deducted from their paychecks for
DedPeter [7]

The correct answer is C. Federal income tax

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What’s the answer .......
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