Answer:
7.74%
Explanation:
The yield to call would be the internal rate of return considering the cahsflow until the bodn is called. W can solve for that using excel IRR function;
We list the cashflow in order.
F0 -1180
F1 105
F2 105
F3 105
F4 105
F5 1205 (105 coupon payment plus 1100 principal)
We now write the function and get the YTC
=IRR(B1:B6) 7.7366%
Based on the amount budgeted and the cost of sight seeing, kari has almost exactly enough left in her budget to see genoa.
<h3>Which city should Kari see?</h3>
Exchange rate is the rate at which one currency is exchanged for another currency. In ths question, 1 dollar is exchange for 0.6859 euros.
- The first step is to convert the amount budgeted to Euros: 585 x 0.6859 = 401.25
- Cost in Euro of seeing Naples : 0.6859 x 71.06 = £48.74
- Cost in Euro of seeing Venice : 0.6859 x 113.38 = £77.77
- Total cost of the sightseeing = £48.74 + £77.77 + £68.77+ £95.41 + £49.69 + £60.85 = £401.25
To learn more about exchange rate, please check: brainly.com/question/13717814
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How much consumers would be willing to pay for a new product
The prime rate is the base rate for any financial transaction. The prime rate is considered for each type of lending instruments by the bank. bank add a margin % over the prime rate and offer loan/instrument at the increased rate.
In the given case, the BestBank's Visa credit card discloses an A.P.R. of "Prime Rate + 5.74% to Prime Rate + 22.74%, which means the A.P.R is calculated on the basis of Prime rate and any change in prime rate will directly affect the A.P.R.
The Prime Rate has increased from 3.25% to 4.25%, it means the increase of 1%. Hence the A.P.R. Shall also increase by 1%.
Hence the correct answer is:
b. Increase in A.P.R by 1%
Answer:
Income elasticity = 2
Normal good
Explanation:
Below is the given values:
Percentage decrease in consumers income = 10%
Percentage decrease in quantity demanded = 20%
Use the below formula to find the income elasticity:
Income elasticity = % change in quantity demanded / % in income
Income elasticity = -20/-10
Income elasticity = 2
Since the elasticity is 2 that means good is normal good.
