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Answer:
The gas at station A is $0.02 per gallon more expensive
Explanation:
Data provided in the question:
Cash rebate provided by the AMEX card = 2%
Cash rebate provided by the VISA card = 1%
Price of the gas = $2.00 per gallon
Now,
Amount of rebate provided by the AMEX card per gallon = 2% of $2.00
= 0.02 × 2.00
= $0.04
Amount of rebate provided by the VISA card per gallon = 1% of $2.00
= 0.01 × 2.00
= $0.02
Since station A does not accept AMEX card
Therefore, VISA card will be used at station A
Thus,
Rebate at station A = $0.02
And rebate at station B = $0.04
Difference in rebate = $0.04 - $0.02
= $0.02
Hence,
The gas at station A is $0.02 per gallon more expensive
Answer:
The market price of the bond is $913.41
Explanation:
The coupon payment is annual, meaning it is being paid once a year.
N(Number of years/Number of periods) = 5
I/Y(Yield-To-Maturity) = 5 percent
PMT(coupon payment) = $30 [(3/100) x $1,000]
FV(Future value/Par value) =$1,000
PV(present value or market value) = ?
Now to solve this, lets use a financial calculator (e.g Texas BA II plus)
N= 5; I/Y = 5%; PMT = $30; FV = $1,000; CPT PV = -$913.41
Therefore, the market price of the bond is $913.41
Answer:
The answer is D.This is called adaptation.
Explanation:
