Answer :
$1,099.54
Explanation :
As per the data given in the question,
Face value = $1,000
Coupon rate = 8% per year paid semi annual
Time = 6 year × 2 = 12 semiannual period
Coupon payment = 8% × $1,000 × 0.5
= 40
Market interest rate = 6% compounded semiannually is 3% semi annual period
Present value of bond = $40 × (P/A , 3%, 12) + $1,000 × (P/F , 3%, 12)
= $40 × 9.9540 + $1,000 × 0.7013798802
= $398.16 + $701.38
= $1,099.54
We simply applied the above formula
There is not enough information to determine the level of worry you should have. you need to do a profile check of this "pet hotel" and see reviews.
Make them trust you because they know you actually care and don’t just want their money :)
The correct answer is choice 4.
Because it is a new product and there is no demand for the product, marketing and branding are important to attract customers. The primary objective of the introduction stage is to launch the product and build product demand, requiring promotion.