The nominal interest rate given the effective rate and the number of compounding is 7.5%.
<h3>What is the nominal rate?</h3>
The effective rate is the actual interest rate earned on an investment when the rate of compounding is accounted for.
Nominal interest rate = m × [ ( 1 + i)^1/m - 1 ],
Where:
- M = number of compounding
- i = effective interest rate
4 x [(1.077136)^0.25 - 1] = 7.5%
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Answer:
Where concerns or aims of two different parties are incompatible. Usually when one party has an opportunity for personal gain.
e.g: An instructor cannot have his or her child in the class because the possibility of special treatment arises and creates a conflict of interest between the instructor and institution.
<span>When buyers purchase stock at a certain price, and it falls, and then rises back up to its original purchased price, this is called the weak- form EMH. The weak form EMH states that market and securities are random in nature and are not influenced by past events in stock levels.</span>
Answer:
With respect to gift giving and gift receiving, <u>a bribe</u> refers to money paid before an exchange.
Explanation:
A gift is something given to another person to show affection. In response to giving the gift, the person doesn't have any expectations.
In the business world, a gift becomes a bribe when it is given for any political or business favours. Hence, it is unethical to share gifts for this purpose in the business.
A bribe is usually given before asking for a favour. Bribe is seen as a major cause of corruption and is illegal under the law of almost every country in the world.