Answer:
A) The offer was probably still open the next day because a reasonable length of time would not have expired.
Explanation:
If we consider that Keegan's revocation was ineffective (which I believe was effective), then Oberon would usually have between 1 to 2 days to consider and respond to Keegan's offer. Since no time limit was specified, we have to consider reasonable lengths of time and 1 or 2 days is generally considered reasonable in different states. Whether 1 day or 2 days is the time set by state law doesn't matter in this case since not even 1 day had passed.
Answer:
b. it is less volatile and more like a bond
Explanation:
Preferred stocks pay a fixed dividend and has the potential to appreciate in price.
Preferred share holders have no voting right but they are paid first before common shareholders.
I hope my answer helps you
Answer: The answer is STUDENT SERVICES
Explanation:
The student services page refers to a page on a website where students can get information relevant to them.
This is a page for students provided by the college with links to their services on issues important to the students. Such issues include; date for events, financial aids and so on.
Answer:
a. How much will you have in your retirement account on the day you retire?
- future value of the annuity = annual payment x (FV annuity factor, 11%, 40 periods) = $5,000 x 581.826 = $2,909,130
b. If, instead of investing $5,000 per year, you wanted to make one lump-sum investment today for your retirement that will result in the same retirement saving, how much would that lump sum need to be?
- present value = future value / (1 + interest rate)ⁿ = $2,909,130 / 1.11⁴¹ = $40,320.04
c. If you hope to live for 28 years in retirement, how much can you withdraw every year in retirement (starting one year after retirement) so that you will just exhaust your savings with the 28th withdrawal (assume your savings will continue to earn 11.0% in retirement)?
- payment = present value / annuity factor (PV annuity factor, 11%, 28 years) = $2,909,130 / 8.60162 = $338,207.22
d. If, instead, you decide to withdraw $647,000 per year in retirement (again with the first withdrawal one year after retiring), how many years will it take until you exhaust your savings?
- We can first try to get an approximate answer. The annuity factor = $2,909,130 / $647,000 = 4.49633694. Now looking at an annuity table we can look at the closest amount for 11%. The answer is between 6 years (annuity factor 4.2305) and 7 years (annuity factor 4.7122). This means that in less than 7 years you will have no more money left.
e. Assuming the most you can afford to save is $ 1 comma 000$1,000 per year, but you want to retire with $1,000,000 in your investment account, how high of a return do you need to earn on your investments?
- Again we must use the future value to determine the annuity factor. Annuity factor = $1,000,000 / $1,000 = 1,000. Using an annuity calculator to determine the closest rate (for 40 periods) = 12.9515% ≈ 12.95%
B. A direct qoutatiion that is marked off by quotation marks(APEX VERIFIED)