The duration of Security P based on the info given will be 11 years.
<h3>How to calculate the time?</h3>
From the information given, Security P is a preferred stock and Security Z is a zero coupon bond that has 11 years remaining until maturity.
Therefore, the duration will be:
= (1 + y)/y
= (1 + 0.1)/0.1
= 1.1/0.1
= 11 years
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Answer:
B. $300
Explanation:
The interest revenue is computed below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $20,000 × 6% × (3 months ÷ 12 months)
= $300
The 6 months is calculated from October 1 to December 31
Simply we use the simple interest formula by considering the principal amount, rate of interest and time period so that the correct revenue can be computed
Answer:
It is True. the option (a) is correct
Explanation:
Solution
Given that:
The statue of fraud can be refereed to as the requirements for specific kind of contract that should be in writing and signed by the parties involved with sufficient evidence. the main idea is to stop fraud and other types of injury.
The vital aspect of statute of frauds include the following:
- It applies to particular types of contract and they are six classification It include contracts for an interest for the sale of land, contracts that need to be performed in more than a year, contracts about someone else's debt presumed by other, contract in which marriage is a deliberation, contracts for good sold value more than $500 and promises by executors or administrators.
- The motive of the contract is that it formalize the concurrence between the parties so that it can be thought seriously.
- The statute of frauds avert fraudulent conduct of one party to another.
Answer:
An e-tailer
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