Answer:
Letter c is correct!
Explanation:
This question addresses the hierarchy of an organization, which is the structure of task distribution in a company for business success. In the case exemplified in the question, Blue company is at the top of the company hierarchy because it was she who had the authority to name Gage. as an agent and authorized him to appoint Vond, a subagent to assist with car sales. Therefore Vond in Blue's hierarchical structure, owes a fiduciary duty to Blue and Gage.
Answer: $112
Explanation:
The following information can be gotten from the question:
Growth Rate = 5%
Dividend at end of year,D1 = 5.60
Required return, ke = 10%
Then, the current market value will be:
P0 = De/(ke-g)
= 5.60/(10% - 5%)
= 5.60 / 5%
= 5.60/0.05
= $112
Therefore, the current market value of a share of IBM stock is $112.
Answer:
19.05%
Explanation:
the approximate yield to maturity (YTM) formula is:
approximate YTM = {C + [(FV - PV) / n]} / [(FV + PV) / 2]
- C = coupon payment = $130
- FV = face value or value at maturity = $1,000
- PV = present value or current market value = $690
- n = 10 years
approximate YTM = {$130 + [($1,000 - $690) / 10]} / [($1,000 + $690) / 2] = ($130 + $31) / $845 = $161 / $845 = 0.1905 or 19.05%