Answer:
market price = $1,104.20
Explanation:
yield to maturity of zero coupon bonds = (face value / market price)¹/ⁿ - 1
- YTM = 5.97%
- n = 19 x 2 = 38
- face value = $10,000
(face value / market price)¹/ⁿ = YTM + 1
face value / market price = (YTM + 1)ⁿ
market price = face value / (YTM + 1)ⁿ
market price = $10,000 / 1.0597³⁸ = $10,000 / 9.0563 = $1,104.20
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Answer:
Natural monopoly
Explanation:
A natural monopoly refers to a type of monopoly that occurs when the start-up costs or infrastructural costs are high or economies of scale in an industry are very powerful in such a way that only the largest supplier in the industry which is usually the first supplier in the market has a great advantage over potential competitors and therefore becomes the only supplier in the industry.
On the long-run average cost (LRAC) curve, a natural monopoly exists when the quantity demanded is less than the minimum quantity that is required to be at the bottom of the LRAC curve.
Therefore, a <u>natural monopoly</u> exists when the quantity demanded in the market is less than the quantity at the bottom of the long-run average cost curve.
Answer:
not even a little
Explanation:
Ido you know what is physics
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