Answer:
When something is vague, it is not being specific but when something is ambiguous, it has multiple meanings and so can be open to interpretation.
a. Middle class ⇒ Both VAGUE and AMBIGUOUS
Middle class is non specific because it is used as a blanket term for people or things not in either first or lower class. It also has multiple meanings.
b. Odd number ⇒ NEITHER
c. Gold ⇒ AMBIGUOUS
Gold has several meanings such as being a mineral, medium of exchange or even a color.
d. Bank ⇒ AMBIGUOUS
Bank also has different meanings. It could be a financial institution, land next to water or even a repository for blood.
e. Opportunity ⇒ VAGUE
Opportunity is vague unless the opportunity is described.
f. Jaguar ⇒ AMBIGUOUS
Jaguar has multiple means. It could be a animal or it could be a car.
g. Credit ⇒ AMBIGUOUS
Credit has several meaning as well. It could refer to loans, financial entry, increase in bank account etc.
Answer: c. A bilateral contract
Explanation:
In a bilateral contract, the parties involved promise to both perform duties to the other which will make them both an obligor and an obligee.
An obligor is one who owes a duty to another and the obligee is one who a duty is owed to.
Aaron both owes a duty to sell the boat to Matt as well as being owed by Matt the duty to buy his boat. The same goes for Matt thus making this a bilateral contract.
Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 21 years Coupon rate: 9 percent Semiannual payments Calculate the price of this bond if the YTM is 6% (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.):
Answer:
Price of bond = $982.63
Explanation:
<em>The value of the bond is the present value (PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).
</em>
Value of Bond = PV of interest + PV of RV
The value of bond for Microhard can be worked out as follows:
Step 1
PV of interest payments
Semi annul interest payment
= 9% × 1000 × 1/2
= 45
Semi-annual yield = 6%/2 = 3
% per six months
Total period to maturity (in months)
= (2 × 21) = 42 periods
PV of interest =
45 × (1- (1+0.03)^(-21)/0.03)= 693.6
Step 2
PV of Redemption Value
= 1000 × (1.03)^(-21×2)
=288.95
Price of bond
= 693.6 + 288.95
=982.63
Price of bond = $982.63
Lliana saved $460, her gross of which is $2,130 minus her total deductions which is $270. Her fixed expenses which $1,000 we know that it is liability like payment to the bills, the $400 variables expenses can be her food and transportation or other expense that she might need to spend. In calculation, the equation is $2,130 - $270 - $1,000 - $400 = $460
