Answer: -12.1%
Explanation:
Bond Sam was priced at Par which means it could have been priced at $1,000 and its yield was the same as the coupon rate of 8%.
If interest rates rise by 5%, the yield becomes:
= 8% + 5%
= 13%
Price of bond is attached:
Yield = 13% /2 = 6.5% per semiannual period
Coupon = 8% * 1,000 * 0.5 = $40 per semi annual period
Period till maturity = 3 * 2 = 6 semiannual periods
Price = $878.97
Percentage change in price:
= (878.97 - 1,000) / 1,000 * 100%
= -12.1%
Answer:
What would be the result? What additional information, if any, would you need to know to decide the case?
To determine who would win this case, we need to know two things:
- The non-compete agreement was supposed to last how many years, e.g. 1 or 2 years, maybe 3?
- When did Clifford Witter stopped working for Arthur Murray Dance Studios and when did he started to work for Fred Astaire Dancing Studios?
Most states consider non-compete agreements valid only if they last up to 2 or 3 years at most (which is considered a reasonable time). If Clifford started to work at Fred Astaire before the non-compete clause was over (assuming it lasted a reasonable time) then Arthur Murray would win. But if Clifford started to work at Fred Astaire after the non-compete clause was over, then there is nothing Arthur Murray can do to win the case.
The answer is <span>global marketing strategies,
</span><span>global marketing strategies refer to the marketing strategies that created to target potential customers outside the main country where that company is located. Due to differences in cultures, norms, and taboo, the type of advertising that works in a certain country doesn't guarantee that it would work on another.</span>