Answer:
True
Explanation:
The charter is the authorization for a bank to start its operation. This document is received by each state in which the bank operates.
Answer:
c. It may provide only a temporary market advantage.
Explanation:
According to my research, the first mover strategy is a marketing strategy that offers an advantage by gaining the initial significant occupant of a market segment. This is usually caused by the inquiry of new technological leadership or purchase of early resources, even though this may only provide a temporary market advantage.
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Answer:
In both cases you will reach $1 million in savings
Explanation:
Giving the following information:
Suppose your goal is to save $1 million by the age of 60.
1) What amount of money will be saved by socking away $11,793 per year starting at age 29 with a 6% annual interest rate?
We need to use the final value formula with an annual deposit:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {11793*[(1.06^31)-1]}/0.06= $1,000,066.18
2)What amount of money will be saved by socking away $27,186 per year starting at age 40 at the same interest rate?
FV= {27186*[(1.06^20)-1]}/0.06
FV= $1,000,053.1
Answer:
Expected market return on a security is 9.92 %.
Explanation:
The Capital Asset Pricing Model (CAPM) is used to calculate the cost of equity for a firm as
Cost of Equity = Return on Risk Free Security + Beta × Risk Premium
Where,
Risk Premium = Return on Market Portfolio - Return on Risk Free Security
= Rm - 0.02.
Thus market return (Rm) can be determined as,
0.095 = 1.20 × (Rm - 0.02)
0.095 = 1.20 Rm - 0.024
1.20 Rm = 0.119
Rm = 0.0992 or 9.92 %
Answer:
$15 ; $15
Explanation:
Data Provided in the question
Willing to sell = $30
Agreed price = $45
Willing to pay = $60
So by considering the above information
The computation of gains from trade is presented below:
For Sophie
= Agreed price - willing to sell
= $45 - $30
= $15
For Ruby
= Willing to pay - agreed price
= $60 - $45
= $15