B.81.06 because joe began saving listen to began saving
Investment banks focus primarily on the creation and sale of securities to help companies, governments, and large institutions achieve their financing objectives.
<h3>What are Investment Banks?</h3>
- A provider of financial services that serves as a middleman in significant and intricate financial transactions is known as an investment bank.
- When a young firm is ready to launch its Initial Public Offering (IPO) or when a company combines with a rival, an investment bank is typically engaged.
- Additionally, it serves as a financial advisor or broker for major institutional clients such as pension funds.
- An investment bank's advising division receives compensation for its services. Based on how well the trading division does on the market, commissions are earned.
- As previously mentioned, many also have retail banking divisions that generate revenue by lending money to individuals and companies.
To learn more about Investment banks refer to:
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Answer:
business is something to help out people by giving them money it doesn't matter what the actual thing you are doing but it is basically a online website or store or something or some sort till just make money and talk with people and business business is a lot of things I can't really name all of them because it's just a lot but LOL
Explanation:
sorry I know this is probably a not a probably not a good answer but yeah
Answer:
Rate of return < current YTM
Explanation:
In order to determine whether the current YTM is greater or less,we need to first of all determine the current YTM using excel rate formula as shown below:
=rate(nper,pmt,-pv,fv)
nper is the number of coupon payments the bond pay which is 15
pmt is the annual coupon payment of $100(10%*$1000)
pv is the current price of $890
fv is the face value of $1000
=rate(15,100,-890,1000)=11.58%
Since the rate of return is 8.8% while the current YTM is 11.58%,the third option is correct
