Answer:
a. Increase the direct costs of the state's debt.
Explanation:
When a bond's rating is downgraded is a signal to the investors that investing in the bond now is riskier than it was prior to the rating downgrade, hence, a perceived higher risk using the risk/return relationship means that the bond issue would have to offer a higher return to entice the investors to invest in the bonds.
As a result, the higher required rate of return translates into a higher direct cost of the state's debt since their interest rate offered has increased
If dan's baseball card collection is stolen after he entered into an agreement to sell the cards, the contract must be discharged, because of the impossibility of performance.
What is the agreement?
A contract between two or more people to do something is referred to as an agreement. Two or more parties must agree to the terms of the agreement in order to create a legally binding commitment.
The baseball card collection entered into an agreement to sell the cards, the contract must be discharged, and the performance is impossible. The credit card was taken. This is the primary reason for the performance's impossibility.
As a result, the agreement of the discharge of the contract.
Learn more about the agreement, here:
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Answer:
The answer is c.8%.
Explanation:
The internal rate of return is the rate of an investment where the cash outlay and the actual value of the cash flows are the same, so the return is eqaul to zero. The actual value of the cash flow are calculated: annual cash flow multiplied by an annuity of $1 at a selected interest. So, the result has to be equal to the outlay (208,240). In this case, x is the annuity.
The annuity of 5.206 is obtained with the interest of 8%.
Answer:
23.16%
Explanation:
net amount of money received by Wliey Oakley = 7,750,000 stocks x $21.39 per stock = $165,772,500
total flotation costs including direct and indirect costs = [($26.30 - $21.39) x 7,500,000] + $1,350,000 + $210,000 = $38,385,000
flotation costs as a percentage of funds raised = $38,385,000 / $165,772,500 = 0.2316 = 23.16%
