If Pam and Marian are successful in their application to New Hempshire and Connecticut, they will get a Certificate of Registration.
<h3>What is a certificate of registration?</h3>
This is a legal document that is issued by the government of an area to show that a company can operate in the area because they have met the necessary requirements.
If Pam and Marian are cleared by the Connecticut and New Hampshire states, they will get Certificates of Registration.
Find out more on Registering a business at brainly.com/question/26101756.
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Answer:
If a CPA does an audit irresponsibly, the CPA will be held liable to third parties who were recognized and not foreseeable to the CPA for gross negligence.
It needs to be specified if the third party had been “anticipatable,” liability; it may be recognized for ordinary negligence within a Rosenblum v. Adler decision.
Explanation:
Answer:
<em>The current market price for the bond is $903.05</em>
Explanation:
<em>Steps taken to arrive at the current market price of the bond</em>
<em>Recall PV=present value</em>
<em>face value=$1000</em>
<em>percent bond=4.5,</em>
<em>A semiannual interest payments of 7 years, yielding a maturity rate of=6.23%</em>
<em>PV = [(.045 × $1,000)/ 2] ×{(1 - {1 / [1 + (.0623/ 2)]14}) / (.0623 / 2)} + $1,000 / [1 + .0623 / 2)]14
</em>
<em>PV = $903.05</em>
Answer:
- Stock is overpriced/ overvalued.
- Sell if you own it.
- Don't buy if you don't.
Explanation:
Use CAPM to find the required return on the stock:
Required return = Risk free rate + beta * ( Market return - risk free rate)
= 2.5% + 1.3 * (7% - 2.5%)
= 8.35%
Price based on Constant Dividend Growth Model (CDGM):
Price = Next dividend / (Required return - growth rate)
Next dividend = 1.40 * ( 1 + 4%)
= $1.456
Price = 1.456 / (8.35% - 4%)
= $33.47
<em>Stock is selling for $35. It is overvalued. Don't buy the stock. Sell if you have the stock. </em>
