1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nikklg [1K]
3 years ago
5

The Woods Co. and the Speith Co. have both announced IPOs at $52 per share. One of these is undervalued by $11, and the other is

overvalued by $5, but you have no way of knowing which is which. You plan to buy 1,900 shares of each issue. If an issue is underpriced, it will be rationed, and only half your order will be filled. a. If you could get 1,900 shares in Woods and 1,900 shares in Speith, what would your profit be
Business
1 answer:
Sergio039 [100]3 years ago
4 0

Answer:

$11,400

Explanation:

Data provided as per the question is below:-

Shares = 1,900

Undervalued amount = $11

Overvalued amount= $5

The computation of profit is shown below:-

Profit = Shares × Undervalue amount - Shares × Overvalued amount

= 1,900 × $11 - 1,900 × $5

= $20,900 - $9,500

= $11,400

Therefore for computing the profit we simply applied the above formula.

You might be interested in
In which stage of the product life cycle is the smashburger restaurant​ concept?
liq [111]
Smashburger Restaurant Concept is under the stage of GROWTH in product life cycle. They already have 370 corporate and franchise outlet all over the world which operates in 9 different countries. It is the stage wherein they are still expanding and the income is still growing.
5 0
3 years ago
Your friend is looking for investors in a risky business venture. To convince you to participate, she is offering you a 17% rate
telo118 [61]

Answer:

B - $13,556.82

Explanation:

Amount to be invested is equal to the present value of future inflows

Present value = future value/(1+Interest rate)^Number of years

The actual amount at the end of the first year should be $3000 if there is an answer in the options

The amount at the end of the second year is $4000

The amount at the end of the third, fourth and fifth year is $5000

Hence, amount to be invested = 3000/(1.17) + 4000/(1.17)^2 + 5000/(1.17)^3 + 5000/(1.17)^4 + 5000/(1.17)^5

= $13,556.82

Hence, the answer is $13,556.82

4 0
3 years ago
Read 2 more answers
It’s best to use full sentences when taking notes for research.<br> - True<br> ✅False
grigory [225]

Answer:

True

Explanation:

It is true because if you right something that is not the full thing you might not know what the actual answer is (it has happened to me before multiple times)

5 0
2 years ago
Read 2 more answers
The tables show the annual incomes for the citizens in two countries, Melka and Sorare. Use this information to answer the quest
masya89 [10]

Answer: The nation of Sorare

Explanation:

The Gini coefficient is a statistical measure that is used to measure income disparity/ inequality in a country.

The closer to zero the Gini coefficient is, the more equitable the income in a country is. Simply put, if more people in a nation have similar levels of income, the Gini coefficient will be smaller.

In the question, the nation of Sorare has two people earning a high amount of money while others make considerably less. This shows a high income disparity which means that the Gini coefficient here will be higher than in Melka where citizens mostly have similar incomes.

4 0
3 years ago
In order to lower his monthly auto insurance bill, Henry has decided to change his existing policy by increasing the deductible
Len [333]

<span>Since Henry decided to increase the deductible on his existing insurance policy, his monthly auto insurance premium will be lower. This means that higher deductible means lower premium payments. It also affects the insurance coverage of Henry because this mean that Henry must shoulder a specific amount (or high cash-out) before the claim is paid by the insurance company.</span>

7 0
3 years ago
Read 2 more answers
Other questions:
  • assume that the marginal propensity to consume is 0.90 and autonomous consumption expenditures equals $100 billion. Further, ass
    10·1 answer
  • Question help an employee has gross earnings of​ $2,000 with withholdings of​ 6.2% ficaminus−​oasdi, 1.45​ % ficaminus−​medicare
    12·1 answer
  • A beekeeper lives adjacent to an apple orchard. The orchard owner benefits from the bees because each hive pollinates about one
    13·1 answer
  • A new associate recently joined your team. He is struggling with the feedback-rich environment in which team members are encoura
    6·1 answer
  • Gaggle Inc. decides to wrongly infringe on Chirp Chirp's patent and establish a similar "knock-off" product because Chirp Chirp
    5·1 answer
  • A proposed administrative rule is published in 
    5·1 answer
  • Consider the following cash flow items:
    12·1 answer
  • Sources of economic growth would include an increase in:
    8·1 answer
  • Which of the following below is not one of porter's five forces?
    7·1 answer
  • From 2004 to 2006 the Fed raised the federal funds rate gradually in a series of steps. The Fed's purpose was to raise the prime
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!