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Natalka [10]
3 years ago
8

The Treasury Department auctioned $21 billion in 3-month bills in denominations of $10,000 at a discount rate of 4.965%. What wo

uld be the effective rate of interest? Round your answer to the nearest hundredth percent.
Business
1 answer:
egoroff_w [7]3 years ago
8 0
- Interest = $10000 x .04965 x 13/52 weeks = $124.13 
- Proceeds = $10000 – 124.13 = $9875.87 
- Effective interest rate = $124.13 / (9875.87 x 13/52) = 5.03% 
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The most recurring item on a data list
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An efficient market reflectsA) only historical information.B) only the information related to events that have already occurred.
Masja [62]

Answer:

The correct answer is option D.

Explanation:

The efficient market hypothesis is a theory in modern financial economics which states that the share prices reflect all available information and alpha generation is impossible. Neither fundamental nor technical analysis can give excess returns which are also risk-free.

Share prices in an efficient market reflect all the information, both public and private. This information includes future predictions. All this information is widely available to all the investors and they correctly interpret this information and quickly adjust to it.

4 0
3 years ago
Suppose Hubert and Kate are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix
FinnZ [79.3K]

Answer:

Best response for Kate  

If Hubert chooses left, Kate would have to choose Right so that Kate can make a payoff of 5.  

If Hubert chooses right, Kate would still choose right to make a payoff of 5.

Best response for Hubert  

If Kate chooses left, Hubert would choose Left to get a payoff of 8.  

If Kate chooses right, Darnell would choose right so as to make a payoff of 6.

The dominant strategy is the one that a player can pick regardless of the action of the other play.

<h2><em>The only dominant strategy in this game is for </em><em><u>Kate</u></em><em> to choose </em><em><u>right.</u></em></h2>

Kate will choose right regardless of what Hubert does because it will give the higher payoff. This is the dominant strategy.

<h2><em>The outcome reflecting the unique Nash equilibrium in this game is as follows: Hubert chooses </em><em><u>right</u></em><em> and Kate chooses </em><em><u>right</u></em><em>.</em></h2>

Kate will always choose right which would prompt Hubert to pick right as wel as as to make a payoff of 6.

7 0
2 years ago
1. (30 points) Please elaborate what will happen to Net Earnings to Sales and Net Earnings to Total Book Assets when you observe
marta [7]

Answer:

Impact on Net Earnings to Sales and Net Earnings to Total Book Assets:

a) A company's Net Earnings to Sales and Net Earnings to Total Book Assets will increase due to the 30% increase in sales.  This result will be different with an increase by a similar margin in the Cost of Goods Sold.

b) Net Earnings to Sales and Net Earnings to Total Book Assets will decrease by 30% as a result of the increase in Property, Plant, and Equipment, because this increase also increased the operating and administrative expense (depreciation), even though Sales and Cost of Goods Sold remained constant.

Explanation:

The net earnings to sales is an expression of the ratio of the net income to the sales revenue.  The net earnings result after deducting all costs from sales revenue.  The net earnings to total book assets are the same expression as the Return on Assets.

6 0
3 years ago
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