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tensa zangetsu [6.8K]
3 years ago
8

Kate could not attend the last shareholders' meeting and thus she granted the authority to vote on her behalf to the managers of

the firm. which term applies to this granting of authority?
Business
1 answer:
Brums [2.3K]3 years ago
8 0
<span>Kate could not attend the last shareholders' meeting and thus she granted the authority to vote on her behalf to the managers of the firm. The term that applies to this granting of authority is <u>proxy.
</u>
<u />Proxy refers to the voting mechanism where a person who is not able to attend the voting grants her or his permission to the members of the decision-making process to make that decision in her stead. The other forms still include that person voting on his or her own, and not someone else instead of them.<u>
</u>
</span>
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Arjen owns investment A and 1 bond B. The total value of his holdings is 1,529 dollars. Investment A is expected to pay annual c
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Answer:

In order to find the present value of the bond we have to calculate the present value of investment A and subtract is from 1529. We can find the present value of A by discounting all its cash flows.

As the first cash flow is received today and the last will be received 3 years form now there will be a total of 4 cash flows

1) 218.19 (Will not be discounted as we are receiving it today in the present)

2) 218.19/1.0987 (Discount by 1 year as cash will be received in 1 year)

3) 218.19/1.0987^2 (Discount by 2 years as cash will be received in 2 years)

4) 218.19/ 1.0987^3 (Discount by 3 years as cash will be received in 3 years)

= 218.19 + 198.58 + 180.74+ 164.51 = 762.02

PV of Bond = 1529-762.09= 766.91

Semi annual coupons mean 2 payments a year. Bond B matures in 23 years which means a total of 46 payments (23*2). N=46. A coupon rate of 6.4 percent means that the bond pays $64 (0.064*1000) each year. $64 divided by 2 is 32 which is the amount of each semi annual payment Arjen receives. Pv= 766.91 FV = 1000

In a financial calculator put

PV= -766.91

N= 46

FV=1000

PMT= 32

and compute I

I is 4.38 and we will multiply it by 2 because the payments are semi annual. So we will get an I of 8.76

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3 years ago
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alex41 [277]
Your answer is Profitablity
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2 years ago
Beau Corporation sells a unit of its product for​ $250 per​ unit, while its variable costs per unit are​ $75. Fixed cost are bud
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