Answer:
Market price today $955.1347
Explanation:
To know the current market price we will calculate the present value ofthe cuopon payment and the maturity at the yield to maturity rate of 8.73%
<u>Present value of the annuity</u>
Cupon Payment: 1,000 face value x 8% / 2 payment per year = 40
time = 9 years x 2 payment per year = 18
rate = 8.73% = 0.0873 = 0.0873/2 = 0.04365
PV $491.6747
<u></u>
<u>Present value of the maturity</u>
Maturity = face value = 1,000.00
time 18.00
rate 0.04365
PV 463.46
<u>Now we add both together to get the present value of the bond</u>
PV c $491.6747
PV m $463.4599
Total $955.1347
Answer: True
Explanation:
Beef surplus in the market simply means that there's excess of beef in the market. In this case, the quantity supplied for beef is more than the quantity that the consumers demand, which means that the price at which beef is sold is more than the equilibrium price.
Due to thus reason, the government must mandate lower prices as this will help in increasing the quantity demanded of beef, reduce quantity supplied and hence, the surplus will be curtailed.
It makes the biloating rating obecyive monplly to the form of the inverstjgatdd
Answer:
Explanation:
the file attached shows the full explanation and i hope its explanatory enough
Answer:
Watercraft store
Explanation:
In a situation such as this one, the loss of the boat is ultimately suffered by the Watercraft store. This is mainly due to the fact that they agreed to keep the boat for Ursula until she picks it up, which in doing so they ultimately agreed to take responsibility for the boat during that time. Therefore, any and all damages that have occurred to the boat are suffered by Watercraft and Ursula can sue them for a full refund of the boat.