Hello, Coolgurl23. Thanks for writing in.
You're asking if with the information given if this is a affordable amount.
The correct answer is NO. You have 700 dollars that you can pay in rent. Therefore, if you add all these costs up - you will get over the 700 dollar limit that is needed for a yes answer.
Therefore, you have NO as your final answer.
Thanks for writing in, best of luck on your assignment Coolgurl23!
Answer:
democracy
Explanation:
Former communist nations of Asia and Europe tend to share the same purpose of committing to free market economics and democratic politics. Even though they are somewhat undeveloped, it is important to note that because of their belief on democratic politics, they show continuous support to Western International businesses for the nation's commitment to democracy.
Answer:
$1,101.58
Explanation:
Tenor: 30 times (15-year maturity * 2 for semiannual)
Coupon rate: 7.25% semiannual -> coupon received semiannual (PMT) = $1,000 * 7.25%/2 = $36.25
Face value (FV): $1,000
Yield To Date (YTD): 6.20% semiannual -> YTD per semiannual = 3.1% (=6.20%/2)
Bond’s price = present value of bond + present value of total coupon received semiannual
Present value of bond = FV/(1+ YTD) ^tenor = 1000/(1+3.1%)^30 = $400.1659
present value of total coupon received semiannual = 36.25/(1+3.1%)^30 + 36.25/(1+3.1%)^29+ ….. + 36.25/(1+3.1%)^1 = $701.4189
(we can use excel to calculate the PV of coupon received = PV(rate,tenor,-PMT) = PV(3.1%,30,-36.25) = 701.42)
⇒ Bond’s price = $400.1659+ $701.4189= $1,101.58
Answer: You or your company should pay the $500 and lock the rate.
Explanation:
You had already given your customer reasonable assurance that you would lock the rate so this is what they expect. You must therefore do as you have promised to your customer regardless of what the cost would be because the fault here lies with you.
You should therefore pay the $500 unless there is some company policy that allows them to pay it instead. Once done, you will be able to lock in the rate and fulfill your obligation to your customer.
