Answer:
The amount paid to the issuer is $2,971,080.
Explanation:
The total number of shares is 135,000.
Though only 122,400 shares are sold to the public.
The initial selling price is $24.
The spread percentage is given at 8.3%.
The amount paid to the issuer will be
=Total number of shares*Initial selling price (1-spread)
=135,000*24*(1-0.083)
=135,000*24*0.917
=2,971,080
So, the amount paid to the issuer is $2,971,080.
Answer:
For every $1.00 spent in manufacturing, another $2.79 is added to the economy
Explanation:
hope this helps
Answer:
B) Jeremy is facing a moral, legal, and ethical decision.
Explanation:
Jeremy knows that what he is doing is not legal, since the legal limit for exhaust system noise is 95 decibels and he will alter the cars muffler so that it reaches 125. Besides that, he faces moral and ethical dilemmas because his business is not doing well and his son has just been diagnosed with cancer and he needs money and a lot of it.
Answer:
short-term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash
Explanation:
A liquidity ratio can be regarded as type of financial ratio which is been utilized in determination of a ability of a company to pay out its short-term debt obligations. The metric is way to determine if there is a possibility for company to use its current as well as liquid and assets to cover up for its current liabilities.
It should be noted that A liquidity ratio measures short-term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash.
Answer:
At Yield to maturity = 11%
Price = $1,000
Explanation:
As for the provided information we have:
Par value = $1,000
Interest each year = $1,000 
11% = $110
Effective interest rate semiannually = 11%/2 = 5.5% = 0.055
Since it is paid semiannually, interest for each single payment = $110 0.5 = $55 for each payment.
Time = 8 years, again for this since payments are semi annual, effective duration = 16
Price of the bond = 
Here, C = Coupon payment = $55
i = 0.055
n = Time period = 16
M = Maturity value = Par value = $1,000
Therefore, if yield to maturity = 11% then,
P = 
= $1,000
