Answer:
8.63%
Explanation:
The expected rate of return on the bond can be determined using a financial calculator bearing in mind that the calculator would be set to its end date before making the following inputs:
N=17(number of annual coupons in 17 years)
PMT=100(annual coupon=face value*coupon rate=$1000*10%=$100)
PV=-1120(the current price is $1,120)
FV=1000(the face value of the bon is $1000)
CPT
I/Y=8.63%
EXCEL APPROACH:
=rate(nper,pmt,-pv,fv)
nper=N=17
=rate(17,100,-1120,1000)
rate=8.63%
The personality dimensions mentioned in the question all refer to the Five Factor Model; with one of the dimensions missing, which is neuroticism. A person with high levels of (C) conscientiousness would make the best financial decisions, mainly because they are well-organized and prudent about things, which also translates to how they manage their finances.
Answer:
$205,200
Explanation:
Calculation of Pension Expense
Service Cost $198,000
Interest cost $33,000
Expected return on the plan assets <u>($25,800)</u> (258000*10%)
Pension Expense <u>$205,200</u>
So therefore, the pension expense for the year is $205,200.
Confident people are more likely to take risks which leads to success and happiness.
Answer:
The correct answer is option C.
Explanation:
A reduction in spending is going to reduce the income of the consumers in the economy. The consumers do not spend all their income but save it partially. The saving is used to create funds which are invested again and lead to increase in output. The rate of consumption depends on the marginal propensity to consume and marginal propensity to save. The marginal propensity to save is 1-MPC. Smaller MPS will cause saving to be less, consequently investment will also be lower.
So, a reduction in the government spending will be more effective in curbing demand-pull inflation if the marginal propensity to consume is higher and marginal propensity to save is smaller.
