<em>Answer:</em>
<em>A drug cartel is a criminal organization with the intention of supplying drug trafficking operations. They range from loosely managed agreements among various drug traffickers to formalized commercial enterprises.</em>
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Answer:
Explanation:
Par value =1000
Coupon rate = 5.7
Semiannual coupon payment= Par value*coupon rate/ 2 =1000*0.057/2=$28.5
Par value or FV=1000
Semiannual coupon payment(PMT) = 28.5
Years to maturity=22*2=44 semiannual
Annual yield to maturity=6.5
Semiannual yield to maturity = 3.25
For calculation, the formula attached will be used:
Price=28.5*(1-1/(1+0.0325)^44/0.0325)+1000/(1+0.0325)^44 =
= 28.5* ((1-0.2448)/0.0325) + 1000/4.0847= (28.5*23.2364) + 244.81 = $907.05
So, the bond is trading at dsicount because the current price (907.05) is below the face value
Answer:
Guile
Explanation:
Guile is associated with a person who is crafty or understands right/wrong behavior but uses tricks to obtain an unfair advantage.
For instance, you have an urgent appointment such as a meeting with a business partner but you chose to deceitfully distract him from the fact that you are already lagging behind schedule (time) by telling a joke or mind blowing story. This is typically an example of Guile.
AS natural monopoly could be like emeralds from Colombia say or softwood from British Columbia, Canada whereby there are few competitors that have the product. The government may want to regulate the price of such goods such that it can't be accused of flooding the market on the world market (ie not too low a price) and this could be regulated by trade agreements like NAFTA or may limit the upper price limit to allow more purchasers to buy the product. Personally it is felt that so-called 'free-trade' agreements interfere far too much in the economies of member countries especially junior partners as they encourage the influx of cheap goods from other countries, thus putting out of business or lowering standards for good production within the country and also violating the laws of the country by provisions which overrule the laws normally used to protect goods from the country like import duties for example.