Answer and Explanation:
a. The computation of price (expressed as a percentage of the face value) is shown below:-
Price = Face value ÷ (1 + Yield to maturity)^Number of the compounding period
= $1,000 ÷ (1 + 0.0323)^1
= $1,000 ÷ 1.0323
= $968.71
Price expected as a percentage to a face value = Price ÷ Face value × 100
= $968.71 ÷ $1,000 × 100
= 96.87%
b. The computation of credit spread of AAA-rated corporate bonds is shown below:-
Credit spread = Yield of AAA-rated corporate bond - Yield of treasury bond
= 3.23% - 3.15%
= 0.08%
c. The computation of credit spread on B-rated corporate bonds is shown below:-
Credit spread = Yield of B-rated corporate bond - Yeld of treasury bond
= 4.94% - 3.15%
= 1.79%
d. The credit rating for a bond changes with its respective credit risk change. That implies the bond 's rating would be lower the lower risk, and likewise.
The investor is demanding higher returns on risky bonds for additional risk-taking. Hence the credit spread is widening as the rating of bonds falls with an increase in the risk.
The amount of time that is allowed before filing a report with the Michigan Dnr if property damage exceeds $2,.000 is 5 days.
<h3>What is Insurance?</h3>
This refers to the coverage that a product or service has and subscribed for that is covered in the event of theft, loss, or other unforeseen circumstance.
Hence, we can see that in the case of property damage, the maximum amount of time given to file to the Michigan DNR is five days if the damage to the vessel and other property damage totals more than $2,000.
Read more about property insurance here:
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The difference between position management and job management lies in the fact that;
- In Position Management, a position is created for each new employee/opening while In Job Management, no positions are necessary in order to create a job requisition.
<h3>Staffing Models</h3>
Conventionally, there are two types of staffing models:
- Position Management and
- Job Management.
In Position Management, it is necessary that a position is created for each new employee/opening. In such cases, reports show open positions and vacancy rates.
However, In Job Management, no positions are needed in order to create a job requisition.
Read more on staffing Models;
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I had to look for the options and the answer that best fits the blank provided above is the term NEW-PRODUCT DEVELOPMENT. In the first stage of new product development, what happens here is that ideas are being generated which relates to the further progress of the product.
