Answer:
d. not enforceable
Explanation:
Usury state laws are strict in limiting the maximum limit among interest rates. If the usury statute limits the max interest rate to 3.5%, William's bank is violating it by putting it to 4.5%.
Usury laws are highly strict when it comes to regulations, so this kind of contract is not enforceable.
These laws are specifically tailored by the government to protect consumers from usury practiced by some banks and "loan sharks".
Answer:
cutting taxes by $125 billion
Explanation:
given data
economy = 0.8
expenditure gap = $100 billion
to find out
cutting taxes
solution
we get here cutting or reduce taxes that is express as
cutting taxes =
......................... 1
cutting taxes =
solve we get cutting taxes
cutting taxes = $125 billion
so cutting taxes by $125 billion
Answer:
Option D (Job analyses) is the correct choice.
Explanation:
- Assessment including its particular characteristics of such a job profile by careful evaluation including a critical review of the systematic tasks, facilities needed, employment conditions, as well as development level in some kind of an employee typically as either a complementary approach towards a job description.
- Analysis of career helps in understanding which assignments are relevant and how they've been conducted out.
Some other options don't apply to the format prescribed. So option D is indeed the right one.
Answer:
a. How far away is the horizon date?
IV. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2.
b. What is the firm's horizon, or continuing, value? Round your answer to two decimal places. Do not round your intermediate calculations.
to determine the horizon value we can use the Gordon growth formula:
stock price = future dividend / (required rate of return - constant growth rate)
Div₀ = $3.75
Div₁ = $4.6125
Div₂ = $5.673375
Div₃ = $6.97825125
since the terminal value is calculated for year 2, we must use Div₃ in our calculations:
stock price = $6.97825125 / (9% - 6%) = $232.61
c. What is the firm's intrinsic value today, P0? Round your answer to two decimal places. Do not round your intermediate calculations.
we have to calculate the present value of:
P₀ = $4.6125/1.09 + $5.673375/1.09² + $232.608375/1.09² = $4.2317 + $4.7752 + $195.7818 = $204.7887 ≈ $204.79