Answer:
7.59%
Explanation:
Using a financial calculator, input the following to calculate Yield to Maturity (YTM). I'm using Texas Instruments BA II Plus model.
Face value of the bond ; FV = 1000
Annual coupon payment; PMT = Coupon rate * Face value ;
PMT= 8.5%*1000 = 85
Present value of bond or price; PV = -1062.50
Time to maturity in years ; N = 10
then compute annual interest rate ; CPT I/Y = 7.59%
Kevin's profession is most likely a financial manager.
Answer:
$6,000
Explanation:
Since the main the activitity of Carlos' business is dry cleaning services, but not a trade in or business in holding real property, he is only is at risk for $30,000 which is personal money
Therefore, the total of $24,000 will be deducted in the first year while the remaining $6,000 will be deducted in the second year to have a total of $30,000 which is his personal risk.
Therefore, for the second year, Carlos can deduct <u>$6,000</u> of the loss.
Answer:
Development economics
Explanation:
Development economics is a field which deals with the problems dealt by low-income countries and low-middle income countries. The focus of development economics is to solve the development problems by using economic tools and to push these low-income countries to start trade with developing or developed countries. Development economics gained popularity, especially after globalisation, because it provided low-income countries with an opportunity to interact with other countries.