Answer:
8.09%
Explanation:
In this question, we use the Rate formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Present value = $1,000 × 98.27% = $982.70
Assuming figure - Future value or Face value = $1,000
PMT = 1,000 × 7.5% = $75
NPER = 3.5 years
The formula is shown below:
= Rate(NPER,PMT,-PV,FV,type)
The present value come in negative
So, after solving this, the answer would be 8.09%
Answer:
A. cannot be purchased through the IPO
Explanation:
Financial Industry Regulatory Authority (FINRA) prohibits the purchase of equity IPOs (Initial Public Offerings) by industry "insiders." The list of prohibited purchasers includes FINRA member firms for their own accounts, officers and employees of member firms (and their immediate family members), fiduciaries to member firms (such as accountants and lawyers that are retained by FINRA member firms); and investment managers for investment companies, insurance companies, pension plans, who want to buy personally, etc.
The self-supporting spouse has an account with the firm and therefore cannot purchased through IPO.
5130. Restrictions on the Purchase and Sale of Initial Equity Public Offerings
(a) General Prohibitions
(1) A member or a person associated with a member may not sell, or cause to be sold, a new issue to any account in which a restricted person has a beneficial interest, except as otherwise permitted herein.
(2) A member or a person associated with a member may not purchase a new issue in any account in which such member or person associated with a member has a beneficial interest, except as otherwise permitted herein.
(3) A member may not continue to hold new issues acquired by the member as an underwriter, selling group member or otherwise, except as otherwise permitted herein.
Answer:
Option E : $9.75
Explanation:
As per the data given in the question,
The standard reaction function of industry = a-Cb ÷ 2b - 1 ÷ 2 × Qa
P = 30 - (Qa + Qb)
Here, a= 30
b= 1
C = 3
Leader's output (Qa) =( a + Cb - 2Ca ) ÷2b
= (30 + 3 × 1 - 2 × 30) ÷ 2×1
= 13.5 units
Reaction function of industry B,
Qb = 13.5 - 1 ÷ 2 × 13.5
Qb = 6.75 units
P = 30 - (13.5+6.75)
= $9.75
Hence Option E is answer.
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