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MrRa [10]
3 years ago
12

Which of the following is an example of successive approximation

Business
1 answer:
nadya68 [22]3 years ago
5 0
Giving positive reinforcement when a student comes close to what you wanted 
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Compute the modified duration of a 9% coupon, 3-year corporate bond with a yield to maturity of 12%.
iragen [17]

Answer:

C. 2.45

Explanation:

Pv of cash flow

1000x9%/(1+0.12)

= 90/1.12

= 80.36

Weight = 1

Weighted pv of cash flow = 80.36

Pv of cash flow

= 1000x9%/(1+0.12)²

= 90/1.2544

= 71.75

Weight = 2

Weighted pv of cash flow = 71.75x2

= 143.5

Pv of cash flow

= (1000+1000*9%)/(1+0.12)³

= 1090/1.404928

= 775.84

Weight = 3

Weighted pv of cash flow

= 775.84x3

= 2327.52

Total pv of cash flow = 80.36+71.75+775.84

= 927.95

Total weight of cash flow pv =

80.36+143.5+2327.52

= 2551.38

Duration = weighted pv/pv

= 2551.38/927.95

= 2.75

Modified duration =

Duration/1+0.12

= 2.75/1.12

= 2.45

6 0
3 years ago
Many financial advisors say that it is important to start saving for retirement as early as possible. What is the main reason fo
dem82 [27]
<span>D. Social Security often does not provide enough money for retirees to be able to afford their accustomed lifestyles.

</span>
8 0
3 years ago
Which growth strategy is designed to increase sales of existing products to current customers, non-users, and users of competiti
s2008m [1.1K]

Answer:

market penetration:

Explanation:

Market penetration refers to the approach of selling the service and product in the market that is specified for a particular product.

it is calculated by determining the total amount of product sales in the market compared to goal of selling products in the market.

it involves all process that is needed to promote or to grow the market percentage in a particular business.

it is calculated as

market penetration= \frac{market\ covered}{target\ market} \times 100

7 0
4 years ago
When planning a procurement, it is useful to ______________.
Gre4nikov [31]

Answer & Explanation: When planning a procurement, it is useful to at least conduct a make or buy analysis which aids in determining the most cost effective approach, to consult and liaise with in-house experts in the departments of procurement, human resource, and legal, and also to insure the sponsor of the project signs off on the procurement plan. The goal of procurement planning is to increase the transparency and predictability of the procurement process while also deciding on what to buy, when and from what source.

5 0
3 years ago
Suppose good X and good Y are perfect complements to each other. The kinks of indifference curves are along the y=2x straight li
Harrizon [31]

Answer:

D. 3 Unit of goods x and 6 unit of good y

Explanation:

Option include as attached.

We have y = 2x

And budget constraint equation

PxX + PyP = M

2X + 1Y = 12

Now put y = 2x

2X + 2X = 12

4X = 12

X = 3

Y = 2X

Y = 2(3)

Y = 6

8 0
3 years ago
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