Answer: the market price is $2,484.1434
Explanation:
Market price =
C × 1 - (1+r)*-n /r + F/ (1+r)*n
C = coupon rate = 5.75% of 2000
= 5.75/100 × 2000
= $115
F= face value = $2,000
r = yield to maturity = 4.7% = 0.047
n = number of years to maturity =22
Price = 115 × 1-(1+0.047)*-22 / 0.047 + 2000/(1+0.047)*22
Price = 115 × 1-(1.047)*-22 / 0.047 + 2000/(1.047)*22
Price= 115 × 1 - 0.364060032/0.047 + 2000/2.74679974
Price =( 115 × 0.635939968/0.047 ) + 928.120063
=( 115 × 13.5306376) + 928.120063
= 1556.02332 + 928.120063
Market price = $2,484.1434
Note: ( * ) means "raised to power"
Options:
a) Gym Newbie: This largest market is new to fitness and working out. Gym newbies work out once a week and are price sensitive about their fitness spending.
b) Weekend Warriors: This large market works out 2-3 times a week and mixes up running with gym time. Weekend warriors typically purchase mid-level shoes and apparel and use a fitness app on their phone to track their workouts.
c) Marathon Madness: This mid-size market works out daily. Workouts often include long distance runs. Quality, durable products are attractive to this market, and marathoners are willing to pay premium prices to get the latest tech.
Answer:
C)
Explanation:
The VP of Marketing has directed you to search for a target market that values fitness technology functionality and are willing to pay for it. Gym newbies and weekend warriors might value the functionality but can get similar products at a lower costs since their needs are very basic.
You need people that workout constantly and for long periods of time. This type of clients really need high quality and durable products, so they are willing to pay for them. These guys and girls are not going to go around running and watching their cellphones, they are trying to improve their performance, not to worsen it. They are constantly looking for ways to be better athletes and train harder, and any help they can get is very valuable for them.
Agricultural markets. In some cases, there are several farmers selling identical products to the market, and many buyers. ..
Answer:
Correct Answer:
The correct sequence of crossing include:
<em>First, the Analyst takes the flashlight and crosses the bridge with the Associate. This takes 2 minutes. </em>The Analyst then returns across the bridge with the flashlight taking 1 more minute (3 minutes passed so far). The Analyst gives the flashlight to the VP and the VP and MD cross together taking 10 minutes (13 minutes passed so far).
The VP gives the flashlight to the Associate, who recrosses the bridge taking 2 minutes (15 minutes passed so far). The Analyst and Associate now cross the bridge together taking 2 more minutes.<em> Now, all are across the bridge at the meeting in exactly 17 minutes.</em>
<em></em>
Explanation:
The above is the only logical way through which all of them could be able to cross the bridge while still arriving to the meeting at/on the exact time.
Banks lend money from saving accounts to people who need loans
