Answer:
The maximum rate is 5.65%.
Explanation:
The break-even 30-day repo rate is the rate at which an investor can make zero profit by carrying the following described trading:
Initially raise 30-day repo at x rate; invest in 90-day bill at 5.30%;
As the 30-day repo is matured, raise fund from 60-day bill at 5.10% to repay the 30-day repo;
Then as the 60-day bill matures, use the proceed from 90-day bill to repay the amount.
In other word, we have the below calculation to illustrate the trading:
Amount repay to 02 fund raising ( through 30-day repo and 60-day bill) = Amount receipt from 90-day bill investment
[1 + x*30/365] x [ 1 + 5.1% *60/365 ] = 1 + 5.30% * 90/365
<=> 1 + x*30/365 = 1.004646 <=> x = 5.65%.
Answer:
Peripheral route.
Explanation:
The peripheral route to persuasion occurs when the listener decides whether to agree with the message based on other cues besides the strength of the arguments or ideas in the message.
Answer:
100 units were sold at $30 per unit
Explanation:
theoretically, in a perfect competition market, the price of a good = marginal revenue = marginal cost. Also, the market sets the price, not the individual firm.
If total revenue = $3,000 and marginal revenue per unit = $30, then we can assume that the sales price of each unit was $30, therefore, they sold $3,000 / $30 = 100 units.
