This scenario illustrates that the company is aiming at fulfilling its <u>"discretionary responsibility".</u>
Discretionary responsibilities are those that are voluntarily expected by a business association. They incorporate advertising exercises, great citizenship, and full corporate social obligation. Through advertising exercises, chiefs endeavor to improve the picture of their organizations, items, and administrations by supporting noble purposes. This type of discretionary obligation has a self-serving measurement.
<span>Don is a leader within the company that can be in charge of a group of people under his responsibility and direction. You can also be a supervisor and head of a division or department. He has enough qualities to play a leadership role, which is why he becomes a leader in the company with great positive and efficient aspects.</span>
Answer:
$274.54
Explanation:
Given:
n = 15 years
Future Value, FV = 1000
rate, r = 9%
Required:
Find the initial price of the bond
Given that we have a zero coupon bond here, it means the par value is paid at date of maturity, and no issuer pays no regular coupon payment.
To find the initial price of the bond, use the formula:
Substitute figures:
The initial price of the bond should be $274.54
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