1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
inna [77]
2 years ago
15

You are considering investing in a security that will pay you $80 in interest at the end of each of the next 10 years. If this s

ecurity is currently selling for $588.81, then the IRR for investing in this security is closest to:
Business
1 answer:
elena55 [62]2 years ago
7 0

Answer:

the internal rate of return is 6%

Explanation:

The computation of the irr is shown below

Given that

Initial investment = $588.81

And yearly cash flows for the next 10 years is $80

Now for determining the internal rate of return we have to apply the formula

= IRR()

After applying the internal rate of return formula, the internal rate of return is 6%

Hence, the internal rate of return is 6%

You might be interested in
Copper Corporation, a calendar year C corporation, owns stock in Bronze Corporation and has net operating income of $900,000 for
UNO [17]

Answer: $150,000

Explanation:

The Dividend Received Deduction is a Federal tax deduction that applies when a related company pays dividends to another company that owns part of it.

The relevant provision is that when a company owns more than 80% of the company receiving the Dividend, the Dividend Received Deduction amounts to 100% of dividends received.

Cooper Corporation may therefore claim a deduction of $150,000 being the total amount as they own 85% of Broze Corporation Stock.

7 0
2 years ago
Read 2 more answers
Texas ranks in terms of state spending per capita and it ranks in terms of how much money it gets from the federal government
Taya2010 [7]

The given statement " Texas ranks in terms of state spending per capita and it ranks in terms of how much money it gets from the federal government " is TRUE

Explanation:

In 2007, the State spending per capita, fiscal 2007, ranked Texas among 50 States in per capita policy (expenditures) revenue.

i. $ 3,831.00B/2007

Texas is the 43rd largest state and federal government on total per capita general spending.

Texas has been a low-cost country for a long time, often to the exclusion of the most needed services. Public education as well as health care and human services are the two biggest areas of government spending, collectively accounting for over half of all all-funds and general income budgets. Nonetheless, Texas has a low level of spending per pupil and per patient in the field of health care.

3 0
3 years ago
True or False: In a competitive labor market, increasing the minimum wage always raises the number of employed workers.
Brrunno [24]
I believe it’s true
4 0
2 years ago
Cuba is a command economy that suffered a decline in economic growth because of a cut in the aid provided by the former Soviet U
katen-ka-za [31]

Answer:

Experience an inward shift of its production possiblity curve.

Explanation:

Production possiblity curve is a graphical representation of the maximum number of products that a company can produce, if it produce only two product using all the resources efficiently. The maximum production possiblity of one product is shown on one side graph and another product on other side to compare which product can be produced to reduce cost and wastage while maximizing the profit. This also help the management to know the effecient use of resources or factor of production; Land, labour, capital and entrepreneurship. Therefore, lack of resources to Cuba have lead it´s economy to decline.

4 0
3 years ago
Quizlet: Under autarky, consumer surplus is represented by the area
solong [7]

Answer:

The correct answer is option c.

Explanation:

Autarky can be defined as a situation where a nation is self-sufficient and does not trade internationally. Consumer surplus is the difference between the maximum price a consumer is willing to pay and the price he actually has to pay.  

In the case of autarky, the consumer surplus id the area below the demand curve and above the equilibrium price. The producer surplus is the area above the supply curve and below the equilibrium price.

5 0
3 years ago
Other questions:
  • A CPA can accept a gift from a client as long as:
    10·1 answer
  • The Security Market Line (SML) shows the relationship between stocks' required rates of return (measured on the vertical axis) a
    8·1 answer
  • Good Eats Inc. manufactures flatware sets. The budgeted production is for 80,000 sets this year. Each set requires 2.5 hours to
    11·1 answer
  • The following items were drawn from a company’s accounting records: (1) Accounts receivable (2) Accounts payable (3) Cash paid t
    5·2 answers
  • Laura's father, Albert, gave Laura a gift of 500 shares of Liba Corporation common stock in 2017. Albert's basis for the Liba st
    13·1 answer
  • The upper-level managers of Premium Java are meeting to discuss the company's long-range goals and vision. Like any organization
    15·1 answer
  • The _______ system gives both producers and consumers important information they use in making decisions about how to allocate t
    12·2 answers
  • Poorer countries have historically been responsible for the bulk of world carbon emissions because of poor technology and enviro
    8·1 answer
  • Who was probably the most famous anonymous source in 20th-century journalism?
    5·1 answer
  • Several years ago, Tamika Company issued bonds with a face value of $603,000 at par. As a result of declining interest rates, th
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!