Answer:
the interest received is $957.03
Step-by-step explanation:
Given that
The invested amount is $10,000
There is 18 months
And, the interest rate is 6.25%
= (($10,000 × (1 + 6.25% ) × 0.0625 × 6 months ÷ 12 months)) + ($10,000 × 6.25%)
= $332.03 + $625
= $957.03
Hence, the interest received is $957.03
It is the same. Even though you put a 0 in the end can't change the number
Answer: $25
Step-by-step explanation:
Answer:
The cost of Ningbo Shipping Preferred stock is 12.40%
Step-by-step explanation:
In this question, we are asked to calculate the cost of Ningbo shipping Preferred stock.
To calculate this, we make use of the following mathematical relation;
The cost preferred stock Kp = Annual dividends/ Issued price-Cost of Issuing
From the question, we identify the following;
Issued price = $125
Annual dividend = $15
Cost of Issuing = $4
Inserting these into the formula we have;
Kp = $15/$125 - $4 = 12.40%
This means that Cost of Ningbo shipping preferred stock is 12.40%
-m-4=-13
-m=-13+4=-9
m=9
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