Answer:
exports more than it imports
Explanation:
Trade surplus is when export exceeds import.
Export is the sum total of goods and services sold to other countries. For example, if clothes are sold to China, it constitutes export.
Import is the sum total of goods and services bought from other countries. If a laptop manufactured in China is sold to someone in the US, this is import
Trade deficit is when a country imports more than it exports
I think it's "<span>hypothecation" but I'm not 100% sure.</span>
Solution :
a). The current market value of the unlevered equity

= $ 40.45 million
b). The market value of the equity one year from now is

= $ 44.5 million - $ 18 million
= $ 26.5 million
c). The expected return on the equity without the leverage = 10%
The expected return on the equity with the leverage = 
= 0.93 %
d). The lowest possible value of equity without the leverage = $20 million - $ 18 million
= $ 2 million
The lowest return on the equity without the leverage = 10%
The lowest return on the equity with the leverage = 2 % as the equity is eroded.
Technology innovates more and more products in this century. It makes the lives of people much easier. Therefore, they are attracted to buy such products that are directly offered by these companies who have hired technicians and scientists to innovate products. Or, another case would be that they have bought these technologies from companies that have sold it to them. Technology provides efficiency and therefore, it makes an effective solution to attract consumers, or customers in the process.
Answer:
$1,302.82
Explanation:
The computation of the price that need to sell the bond is shown below:
Here we calculate the present value for the same
Given that
RATE = 5%
NPER = 30 - 1 = 29
PMT = $1,000 × 7% = $70
FV = $1,000
The formula is shown below:
=-PV(RATE;NPER;PMT;FV;TYPE)
After applying the above formula, the present value is $1,302.82