A firm in a perfectly competitive market: d. must take the price that is determined in the market.
<h3>What is a
perfectly competitive market?</h3>
A perfectly competitive market can be defined as a type of market in which there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This ultimately implies that, all business firms in a perfectly competitive market must be willing to take the price that is determined in the market.
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Answer:
The YTM is less than 10%
Explanation:
If a coupon rate of a bond is greater than its yield to maturity (YTM), the bond is said to trade at a premium. The Bond's current price would be greater than its Face value
If a coupon rate of a bond is less than its yield to maturity (YTM), the bond is said to trade at a discount. The bonds current price would be less than its face value
In this Question, the bond's current price ($1,197.93) is greater than its face
($1,000) which means that the bond is trading at a premium. Therefore, we can conclude that the bond's YTM is less than its coupon payment. In this question the coupon rate is 10%, therefore the YTM should be less than 10%.
Answer:
$5.59
Explanation:
Calculation to determine the value of the entity multiple of Company X in Year 1
Using this formula
Entity multiple=Market value / EBITDA
Let plug in the formula
Entity multiple=$99,450/$17800
Entity multiple=$5.59
Therefore the value of the entity multiple of Company X in Year 1 will be $5.59
I believe it is to make sure employees can pay their taxes.
Hope it helps!
