Answer:
Yield To Maturity is 7.82% per year and 3.9% per 6 months
Explanation:
Assuming Coupon value is $100
C = Coupon Payment = 100 x 8.1%/ = $8.1
F = Face Value = $100
P = Price = $102
n = number of years = 10
Yield To Maturity = ( C + ( F - P )/n ) / ( ( F + P ) / 2 )
Yield To Maturity = ( $8.1 + ( $100 - $102 )/10 ) / ( ( $100 + 102 ) / 2 )
Yield To Maturity = $7.9 / $101
Yield To Maturity = 7.82%
Your money will double in approximately 11 years and quadruple in approximately 22.
Use the Rule of 72 for doubling (72/interest rate= number of years to double) and the Rule of 144 to quadruple (144/interest rate= number of years to quadruple).
Answer:
Endowment effect
Explanation:
Endowment effect also referred to as divestiture aversion occurs where individual places or ascribes much higher value than market value on product they already have. where endowment effect is at play the owner of an asset will refuse to sell the asset owned at a the market price higher than the initial cost. and even not ready to buy same item at the market price when offered.
This surprising behavioural pattern was discovered by a psychologist Richard Thaler in the 1970s
Social security number. SSN
There are five commonly known management functions: <u>planning, organizing, staffing, directing, and controlling. </u>
The management function that Jerome is engaging in when he’s monitoring time to hire and cost of hires is called controlling.
Controlling is defined as <em>ensuring that things are going well by measuring the rights metrics and comparing to expected performance, as well as taking corrective actions when necessary.
</em>