an example of overconfidence would be: Joe makes a stock price prediction and believes that there is only a 5% chance that his estimate is wrong; overlooking recent articles about the bad financial health of the business.
Buying stocks without any prior knowledge in finance would provide people with 50% rate of success. Good stock traders usually could improve their success rate up to 70% while success rate of 95% is very unlikely. Especially if the financial information showed a bad sign. The fact that Bill still put his money on the company's stock indicates that he is overconfident.
Answer:
False
Explanation:
Required time, budget and resources are the factors to be calculated before development of that project. First phase of a project is requirement, after requirement these factors should be estimated. Once a project is developed then there is no use of these estimates.
Upper-level management uses responsibility accounting <u>performance reports</u> to evaluate the effectiveness of lower-level managers in controlling costs and expenses and keeping within budgeted amounts.
A performance report is a file that a corporation creates to outline and degree its basic success. It presents an outline of ways the commercial enterprise is performing. To do that, overall performance reports in particular collects particular work performance information, analyze it, and offer guidelines to assist in making selections.
A performance report should compare results with regards to earlier years' consequences in order to reveal whether or not overall performance is strong, improving, or declining. To higher contextualize the performance facts with regards to ancient performance and objectives or dreams that might have been set.
Management is the administration of an organization, whether it's for an enterprise, a non-earnings organization, or a central authority body. it is the art and technological know-how of dealing with assets of the commercial enterprise.
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Answer:
6.125%
Explanation:
Calculation for what yield must municipals offer for the investor to prefer them to corporate bonds
The after-tax yield on the corporate bonds is: 8.75% x (1 - 0.30)
The after-tax yield on the corporate bonds is= 0.0875x 0.7
The after-tax yield on the corporate bonds is= 0.06125*100
The after-tax yield on the corporate bonds is= 6.125%
Therefore what yield must municipals offer for the investor to prefer them to corporate bonds is
6.125%
