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riadik2000 [5.3K]
3 years ago
11

Discuss how dollar-cost-averaging and the ten percent solution could make someone wealthy

Business
1 answer:
labwork [276]3 years ago
6 0
Dollar cost averaging is an investment technique which can make a person wealthy in the long run. In this technique, you will buy a particular stock constantly and regularly, regardless of the price. This will add-up and without noticing, you have acquired more than you'd imagine. On the other hand, Ten Percent Solution, you invest 10% of your earnings in a long-term investment, and is done on a regular basis.   
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A large group of fans are upset about the high price of tickets to many events. As a result of their lobbying efforts, a new law
Mashcka [7]

Answer:

C. <u>shortage</u>; <u>elastic</u>; <u>the same number of</u>

Explanation:

The law of demand states an inverse relationship between quantity demanded of a good and it's price.

Price elasticity of demand refers to the degree of responsiveness of quantity demanded to a change in price. When quantity demanded changes less relatively to change in price, it is termed as inelastic demand while when the change in quantity demanded is lot more than the change in price, it is termed as elastic demand.

In the given case, after the upper limit price has been capped and fixed, this would create a rush and tickets for the sports events would be sold off since the quantity demanded would rise.

This would result into a shortage since demand shall exceed supply and since the price cannot be raised above $50.

The more elastic the demand, more shortage of tickets it would result into and the same number of people will attend the events i.e the seating capacity is not increased.

7 0
3 years ago
Read 2 more answers
A bond has a par value of $1,000, a current yield of 6. 90 percent, and semiannual coupon payments. the bond is quoted at 101.17
poizon [28]

If the bond's par value is $1000,current yield be 6.90% and the bond is quoted at 101.17 then the each coupon payment is $34.9.

Given the bond's par value is $1000,current yield be 6.90% and the bond is quoted at 101.17.

We are required to find the amount of each coupon payment.

Bond value=$1000

Current yield=6.90%=0.0690

Bond quoted=101.17

Payment method=Semi annual =2 payments

Computation of annual coupon amount:

Current yield=Annual coupon/(Bond value*Bond quoted)

0.0690=Annual coupon/(1000*101.17%)

0.0690=Annual coupon/1011.7

Annual coupon=1011.7*0.0690

Annual coupon=$69.8073

Computation of each payment:

Each payment=Annual coupon /2 payment

Each payment=69.8073/2

Each payment=34.90365

Hence the amount of each payment of bond having par value of $1000 is $34.9.

Learn more about bond at brainly.com/question/25965295

#SPJ4

6 0
2 years ago
Financial literacy is the set of skills and knowledge needed to make informed decisions about __________. A. career matters B. m
Likurg_2 [28]

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5 0
3 years ago
Jamie is looking for a new job. she used to be the top sales representative for the region and was expecting to be promoted. how
s2008m [1.1K]

Answer:

Performance-reward relationship

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Jaime is used to having her high performance (top sales rep) earn her the rewards of recognition and success. Now that someone who hasn't reached the same level of performance that she has but got all the rewards (the promotion) she can no longer trust that better performance will lead to better rewards. When trust in work relationships is broken, people will lose satisfaction and search for new opportunities.

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