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Xelga [282]
3 years ago
7

The world price of grapefruits is above the price that currently prevails in Cuba in the absence of trade. Assuming that Cuba is

a small economy compared to the rest of the world, what happens if Cuba decides to open up trade with the world grapefruit market?
The price of domestic Cuban grapefruit for consumers will...

(A) Decrease.

(B) Increase.

(C) Not Change.



Cuban exports of grapefruits will...

(A) Decrease.

(B) Increase.

(C) Not Change.
Business
1 answer:
shepuryov [24]3 years ago
6 0

Answer:

B, B

Explanation:

If Cuba decides to open up trade with the world grapefruit market, the price of domestic Cuban grapefruit for consumers will Increase because the opening of trading with the world will decrease amount of grapefruit available for the people in Cuba thereby creating shortage which will lead to increase in price. Cuban exports of grapefruits will Increase by virtue of opening to the rest of the world.

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A year ago, Jasper Inc. sold 20-year bonds at par with a coupon rate of 4.5 percent and semiannual payments. The face value of e
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Answer:

= $877.32

Explanation:

<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).</em>

<em>Value of Bond = PV of interest + PV of RV</em>

The value of bond for Jasper Inc can be worked out as follows:

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<em>PV of interest payments</em>

<em>Semi annul interest paymen</em>t

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= (2 × 19) = 38 periods  <em> (Note it was sold a year ago)</em>

<em>PV of interest = </em>

<em> </em>22.5 × (1- (1+0.028)^(-38)/0.028)

= 22.5 ×23.20871226

= 522.196

Step 2

<em>PV of Redemption Value</em>

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<em>Price of bond</em>

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<em />

                               

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The situation that would typically result from an appreciating U.S. dollar relative to the Canadian dollar is "Americans purchase more Canadian made products."

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Ivenika [448]

Answer:

$68,600

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Total Overhead Assigned = $68,600

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3 years ago
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