Answer: considered to be an offer to buy made by the agent
Explanation:
An offer to buy simply means a proposal made by a buyer to buy an asset, and this becomes legally enforceable once the person who intends to buy the asset accepts the offer made by the seller.
In this case, the agent has contacted the existing client to know if he is interested in selling these shares and once the seller agrees, the shares will be sold at an agreed price.
Answer:
$4,914.06
Explanation:
Calculation for how much will the customer pay by disregarding commissions and accrued interest
The 5M which the customers used to buy the notes means that the customer is buying $5,000 par value of the notes.
Take note that the capital letter M in Latin means for $1,000.
Therefore the customer will have to buy at the ask price of 98 and (9/32nds =0.28125) which means that 98%+0.28125 will gives us 98.28127.
Now let calculate for how much will the customer pay by disregarding commissions and accrued interest
98.28125% * $5,000 par
= $4,914.06
Therefore the amount that the customer pay by disregarding commissions and accrued interest will be $4,914.06
It's not true.
A refrigerator keep the cool temperature by moving the heat from inside the box to outside the box.
If that student open the door, the temperature inside the refrigerator would be equal with the average temperature of the room, which make his effort pretty much pointless.
