Answer:
More information is required
Explanation:
A company has a market value of $990 million
The shares that are outstanding is $10 million
ROE is 20%
The first step is to calculate the net income
Net income = ROE × shareholder's equity
The shareholder equity value is not given in the question
Therefore it will be impossible to calculate the Earnings per share
Hence more information is required
Answer:
The correct answer is letter "C": The effective annual rate equals the annual percentage rate when interest is compounded annually.
Explanation:
Interest Rate is the cost of borrowing money, expressed as a percentage of the loan amount. Interest rates are the primary yardsticks for measuring how much return lenders will get.
The effective annual interest rate is a way of restating the annual interest rate so that it takes into account the effects of compounding. Using the effective annual interest rate helps us understand how differently a loan or investment performs if it compounds annually, semiannually, monthly, or in any other time frame. If compounded annually, the effective interest rate equals the annual percentage rate.
Answer:
The right solution is "decrease by $50,000". A further explanation is description if provided below.
Explanation:
The given values:
Sell amount,
= 10,000
Reserve ratio,
= 20%
i.e.,
= 0.2
Now,
The decrease in money supply will be:
= 
On substituting the values, we get
= 
= 
($)
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