Variable interest rate mortgage loans have an interest rate that varies depending on the level of current interest rates.
An interest rate on a loan or security that fluctuates over time because it is based on an underlying benchmark interest rate or index that is interest rates subject to Variable interest rate regular changes is known as a variable interest rate (also known as an "adjustable" or "floating" rate).
A variable interest rate has the obvious advantage that if the underlying rate or index decreases, so do the borrower's interest payments. On the interest rates other hand, if the underlying index increases, interest payments rise. Fixed interest rates are stable, as opposed to variable interest rates.
Variable interest rate mortgage loans have an interest rate that varies depending on the level of current interest rates.
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<span>I specifically find that the banning of athletic shorts would decrease the demand for athletic shorts.Thus. overall monthly and yearly sales will decline. The decrease in demand for athletic shorts will affect economic growth, sales and gross domestic product (gdp).</span>
Answer:
$1.15
Explanation:
Calculation for the net value of a long straddle position
Using this formula
Net value =(Stock price at expiration-Strike price)-Put option selling-Call option selling
Let plug in the formula
Net value = ($35-$29)-$2.90-$1.95
Net value=$6-$2.90-$1.95
Net value=$1.15
Therefore the net value of a long straddle position will be $1.15
Answer:
b. 5.82%
Explanation:
In this case, you are asked to find the I/Y or the YTM. Using a financial calculator, enter the following inputs;
Maturity of the bond ; N = 12
Face value ; FV = 1,000
Coupon payment ; PMT = 7.35%*1000 = 73.5
Price of the bond; PV = $1,130
Next, compute the YTM;
CPT I/Y = 5.815
Therefore, the YTM is 5.82%
