Answer:
The answer is 5.71%
Explanation:
Solution
Given that
Coupon rate = 7%
Bond = $1050
Sale of the bond = $1040
n = 10 years, n = 1 year
Now we find the investor's rate of return
Thus
Coupon payment = 7%* 1000
=70
1050 = 70/(1+r) + $1,040/(1+r)
r= 5.71%
Therefore the rate of return of the investor is 5.71%
or
Rate of return = (P1-P0+ Interest ) /P0
= (1040 -1050 + 70 )/1050
= .0571 or 5.71%
Answer:
a. True
Explanation:
A minimum wage above $10 per hour is the binding minimum wage in the labour market so this would prevent the labor market from reaching equilibrium.
Answer: 0
Explanation: Fixed overhead is the amount of overhead that remains fixed and is independent of the level of output produced by the entity.
FIXED OVERHEAD PER UNIT = TOTAL OVERHEAD PER UNIT - DIRECT MATERIALS PER UNIT - DIRECT LABOR PER UNIT - VARIABLE OVERHEAD PER UNIT
FIXED OVERHEAD = $2.02 - $0.57 - $0.83 - $0.62 = 0
so, the company do not have any fixed overhead .
Answer: Realizes that a sloping surface gives a greater possibility of falling
Elijah's behavior is an expected behavior exhibited by a child that undergoes both physical and mental development. His frequent falls from a sloping surface gives him an idea that a sloping surface will most likely caused him to fall again and from there he gets to devise a technique not to fall again.
Answer:
e. can be used in place of another good, fulfilling the same basic purpose
Explanation:
Substitute goods are products used in place of another when it becomes unavailable or beyond cost and even for other reasons. Such products are however only recognized as substitute products where it fulfills the basic purpose as the other.
For example, a person may choose to make a trip by train rather than by bus. The basic purpose of the bus is to get the person to a desired destination and where the train is used in place of the bus to get the person to the desired destination.
As such, the train is a substitute to the bus.
Hence the right option is e. can be used in place of another good, fulfilling the same basic purpose