Answer:
The current price of the bond is $1,114.47
Explanation:
The computation of the current bond price is as follows:
Here we have to applied the present value formula by putting the following information
Given that
Par value = Future value = $1,000
NPER = (10 - 1) × 2 = 18
RATE = 6.5% ÷ 2 = 3.25%
PMT = $1,000 × 8.2% ÷ 2 = 41
The formula is given below:
= -PV(RATE;NPER;PMT;FV;TYPE)
After applying the above formula, the current price of the bond is $1,114.47
Answer:
Business
Explanation:
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Answer:
Price Elasticity of Demand is -4
Explanation:
We can see the graph and easily calculate the Q1 which is 120 units at P1 $140 and Q2 which is 80 units at P2 $160 price.
The starting point formula for calculating price elasticity of demand is given as under:
Price Elasticity of Demand = (ΔQ / Q2) / (ΔP / P2)
Here
ΔQ = Q1 - Q2 = 120 - 80 = 40 units
ΔP = P1 - P2 = 140 - 160 = - $20
By putting value in the above equation, we have:
Price Elasticity of Demand = (40 Units / 80 Units) / (-$20 / $160)
Price Elasticity of Demand = -4
Answer:
Management
Explanation:
Better cash management ensures survival of any firm if well handled and managed.
A Cash Management Strategy includes the use of Banks, Saving & Loan Associations, Credit Unions, and other financial institutions provide a variety of financial services or the use of Account services provide customers with online banking offering deposits, investments, credit cards, loans, mortgages, rewards programs and others.
Effective Cash Management Rules involves: balancing your checkbook regularly and Pay your bills on time
And others.