Answer:
C. indirect; 142.86
Explanation:
Simply put, quotation shows the trading relation between two currencies. There are two basic types of quotation:
- direct quotation represents the value of foreign currency compared to domestic one (in this case a dollar). So, direct quotation represents the value of foreign currency in dollars.
- indirect quotation, on the other hand, does the opposite; it compares domestic currency (a dollar) to a foreign one. Or, indirect quotation represents the number of units of foreign currency per dollar.
So, with this in mind, number of yen per dollar is indirect quotation and its value is calculated when we divide 1 with direct quotation, which is 1/0.007, which equals to 142.86
Answer:
The correct answer is Finance American involvement in the First World War.
Explanation:
Apart from war bonds, there was another source of financing for the First World War which consisted of borrowing very high amounts in order to be paid in a relatively short period of time. With the bonds, a series of obligations of the states are acquired that must be fulfilled in a period of time and at a determined interest rate.
Answer:
The aim of financial management is the maximization of shareholder's wealth. Shareholder's wealth takes into consideration dividend payments and capital appreciation to the shareholders.
The concept of stakeholders take into account shareholders, customers, suppliers, employees and workers of an organization and is thus a wider concept.
Focusing merely upon current stock value i.e current market value is short sightedness from the point of managers. Managers should rather focus upon long term implications of the projects and financing decisions.
More attention should be assigned to the long term performance and efficiency of a firm with respect to dividend and investment decisions which cast a long term bearing on the operations and performance of a firm.
Steve Matthews, CFA, is a principal at Carlson Brothers, a leading regional investment bank specializing in initial public offerings of small to mid-sized biotech firms. This action is a violation of the Standard concerning fair dealing. This is further explained below.
<h3>What is
fair dealing. ?</h3>
Generally, "Dealing" with" copyrighted works without permission is a copyright user's privilege known as "fair dealing."
In conclusion, Carlson Brothers, a major regional investment bank specializing in initial public offerings of small to midsize biotech companies, has Steve Matthews, a CFA, as a partner. According to the Fair Dealing Standard, this is a breach of the law.
Read more about fair dealing.
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Answer: Macaulay Duration = 2.6908154485 = 2.69
Explanation:
Macaulay Duration = Sum of Cash flows Present Value/ current bond price
Cash flows: year 1 = $12
Cash flows: year 2 = 12
Cash flows: year 3 = 100 + 12 = 112
Sum of Cash Flow PV = (1×12÷ (1.118)^1) + (2×12÷ (1.118)^2) +(3×112÷(1.118)^3)
Sum of Cash Flow PV = 270.37857712
Current Bond Price or Value = Face Value/ (1+r)^n + PV of Annuity
Current Bond Price or Value = 1000/ (1.118)^3 + (30×(1 - (1+0.118)^-3)/0.118
Current Bond Price or Value = 100.48202201
Macaulay Duration = 270.37857712 ÷ 100.48202201
Macaulay Duration = 2.6908154485 = 2.69