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wolverine [178]
4 years ago
7

Money in your emergency fund could be wisely used:

Business
1 answer:
Anni [7]4 years ago
6 0
Hi, the answer is C, to pay for an unforeseen health expense. Money in your emergency fund could be wisely used to pay for an unforeseen health expense. :)
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The zero coupon bonds of JK Industries have a market price of $211.16, a face value of $1,000, and a yield to maturity of 7.39 p
Nutka1998 [239]

Answer:

It will take about 22 years until the bonds mature.

Explanation:

This can calculated as follows:

BP = FV/(1 + r)^n ..................................... (1)

Where;

BP = Bond price = $211.16

FV = Face value of $1,000

r = Yield to maturity = 7.39%, or 0.0739

n = number of years for the bond to mature = ?

Substituting the values into equation (1) we have:

211.16 = 1,000/(1 + 0.0739)^n

211.16 [(1.0739)^n] = 1,000

(1.0739)^n = 1,000/211.16

(1.0739)^n = 4.73574540632696

Log-linearizing the above, we have:

nln (1.0739) = ln(4.73574540632696)

n = ln(4.73574540632696)/ln (1.0739)

  = 1.55513913902672/0.0712968818820338  

  = 21.8121620185272

n = 22 years approximately

Therefore, it will take about 22 years until the bonds mature.

4 0
4 years ago
Two hundred people were asked if they had read a book in the last month. The accompanying contingency table, cross-classified by
Rainbow [258]

<em>Question Continuation</em>

<em>The probability that a respondent read a book in the last month and is at least 30 years old is the closest to </em>

<em> A. 0.33 </em>

<em> B. 0.88 </em>

<em> C. 0.46 </em>

<em> D. 0.12 </em>

<em>See Attachment for complete question </em>

Answer:

A. 0.33

Explanation:

To solve this question, we need the intersecting cell of Yes and 30+

n(Yes\ n\ 30+) = 65

The probability is then calculated as follows:

P(Yes\ n\ 30+) = \frac{n(Yes\ n\ 30+)}{Total}

Where Total = 200

P(Yes\ n\ 30+) = \frac{65}{200}

P(Yes\ n\ 30+) = 0.325

From the list of given options; (A) is the closest to 0.325

Hence:

<em>Option A answers the question</em>

3 0
4 years ago
Most products today are composites of global materials and services from throughout the world. true false
Lorico [155]
The correct answer would have to be true :)

3 0
4 years ago
At the present time, Ferro Enterprises does not have any preferred stock outstanding but is looking to include preferred stock i
PSYCHO15rus [73]

Answer:

Cost of preferred stock

= <u>Perpetual dividend</u>

  Current market price

= <u>$14.00</u>

  $134.26

= 0.1043 = 10.43%

Explanation:

Cost of preferred stock is calculated as perpetual dividend divided by current market price. Cost of preferred stock is the minimum rate of return expected by preferred stock holder.

6 0
4 years ago
Lily's apparel, a renowned apparel store, focuses on gen y customers and provides them with a customized clothing experience. th
lara [203]
 lily's apparel has defined its target market by : <span>Psychographic characteristics
A psychograhic characteristic is a way to define a target market by finding similar attitudes, lifestyle , or value.
By knowing this similarities, we could find a product that will fulfill all the needs that is required by the majority of that market</span>
5 0
3 years ago
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