Answer:
The answer is 2.71 percent
Explanation:
The interest payment is annually.
N(Number of periods) = 12 years
I/Y(Yield to maturity) = ?
PV(present value or market price) = $1,470
PMT( coupon payment) = $73.5 ( [7.35 percent x $1,000)
FV( Future value or par value) = $1,000.
We are using a Financial calculator for this.
N= 12; PV = -1470 ; PMT = 73.5; FV= $1,000; CPT I/Y= 2.71
Therefore, the Yield-to-maturity of the bond annually is 2.71 percent
Answer: C. have a conflict of interest because the investment was suitable for the client
Explanation:
Conflict of interest occurs when the aims of two different parties are not thesame. In such scenario, the best interest of an individual is different from the best interest of the other person.
Since the client funds placed for investment brought about a good return, then the investment manager doesn't have a conflict of interest because the investment was suitable for the client.
<span>A public in-state college charges less for in-state tuition than for out-of-state tuition.
</span>Tara will most likely have to pay room and board expenses at an out-of-state public college, but might be able to commute to a public college in state.
Kosi will be counted as an unemployed because even though he is willing and able to work, he was out of employment due to a reason beyond his control.
