<span>(10,287.56 - 10,005.23) / 10,287.56 =
(282.33) / 10,287.56 = 0.0274
0.0274/100 = 2.74%
</span><span>At the beginning of the day, the dow jones index was at $10,287.56. at the end of the day, the dow jones index was at $10,005.23. </span>The rate of change of the dow jones on this particular day is 2.74%
<span>Progressive companies who want to attract and keep good employees are now offering their employees fringe benefits, such as onsite dry cleaning services, shoe repair, onsite medical care, and even free breakfasts. These benefits attract quality employees to the companies and the company ultimately benefits from the addition of such employees. It is actually a mutually beneficial effect.</span>
Email can be both formal or informal however face to face communication is usually most effective in business.
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Answer:
Holding period yield is 114.97%
effective yield is 8.72%
Explanation:
holding period yield=(Price at call-initial price+coupon payments)/initial price
=($970-$935)+(13*$80)/$935
=($35+$1040
)/$935
=$1075/$935
=114.97%
The effective yield is the yield to call which can be computed using the excel rate formula:
=rate(nper,pmt,-pv,fv)
nper is the number of payments before the call which is 13
pmt is the periodic payment by bond which is $1000*8%=$80
pv is the current market price of $935
fv is the bond price at end of 13 years at $970
=rate(13,80,-935,970)
rate=8.72%
