Answer:
The market price of this bond is: $1,069.8.
Explanation:
To calculate the market price of the bond, we have to use the following formula:
Bond Price= C*((1-(1+r)^-n)/r)+(F/(1+r)^n)
C= periodic coupon payments: $1,000*7%= $70
F= Face value: $1,000
r= Yield to maturity: 5.85%
n= No. of periods until maturity: 8 years
Bond Price= 70*((1-(1+0.0585)^-8)/0.0585)+(1,000/(1+0.0585)^8)
Bond Price= 70*((1-0.635)/0.0585)+(1,000/1.58)
Bond Price= 70*6.24+633
Bond Price= 436.8+633
Bond Price= 1,069.8
Answer:
Employment of low wage workers will decrease and which in turn increase the unemployment.
Explanation:
Perfectly competitive labor market, is the one which is described as the composite of many firms or companies that are in the competition for the workers. The firms will not be in power to set the wages for the workers, the market also determines the competitive wage.
But if this is a low wage labor and on that the government establish or form the minimum wage then it will result in the employment of the low wage workers will decrease and the consequence of which is increase in the unemployment.
Note: Options are missing so providing the direct answer
If the banking system does NOT want to hold any excess reserves, $250,000 will be <u>added </u>to the money supply.
<h3>What is an excess reserves?</h3>
Excess reserves is known to be the capital reserves that is said to be held by a bank or financial institution and it is one that is too much or is in excess of what is needed by regulators, creditors, or others.
Since there is $25,000 worth of U.S. Treasury bills, one will multiply it times 10 = $250,000
Therefore, If the banking system does NOT want to hold any excess reserves, $250,000 will be <u>added </u>to the money supply.
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Answer:
840 breads size oven.
Explanation:
According to Little's law,
Inventory = flow rate × flow time
Inventory (I) is the number of flow units that are currently handled by a business process.
I= unknown
Flow rate (R) is the number of flow units going through the business process per unit time.
R= 4200 breads per hour or 70 breads per minute (4200/60)
Flow time (T) is the amount of time a flow unit spends in a business process from beginning to end.
T= 12 minutes.
Inventory = flow rate × flow time
Inventory = 70 breads per minute × 12 minutes
Inventory = 840 breads size oven
Therefore, for the company to produce 4200 breads per minute, 840 breads size oven is required.
