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Vilka [71]
3 years ago
10

A customer has signed a Letter of Intent (LOI) to buy $25,000 of XYZ mutual fund to qualify for a breakpoint that reduces the sa

les charge from 7% to 6%. The customer deposits $15,000 into the fund over the next 13 months. At the end of 13 months, the NAV is $20,000. How much does the customer have to deposit to complete the LOI?
A. 0
B. $5,000
C. $10,000
D. $15,000
Business
1 answer:
Liono4ka [1.6K]3 years ago
6 0
Hthjttjbbtnntntnybbbybt
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When a bond contract rate is less than the current market rate on the date of issuance, the bond will be sold at a(n)?
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When a bond contract rate is less than the current market rate on the date of issuance, the bond will be sold at Discount

          Discount = Contract rate is less than the market rate.

What is meaning of discount and its types?

When a reduction in the amount is allowed in order to encourage more purchase or to have an on time payment is referred to as discount. Discount are classified as: Trade discount: The discount which is allowed when purchases are made in large quantity is known as trade discount.

Contract rate:

The contract rate; also called the coupon rate, stated rate, or nominal rate; is the interest percentage listed on the face of a note or bond. In other words, this is the interest rate that will be paid on the principle balance for the life of the note or bond.

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1 year ago
The ultimate goal of the capital budgeting process is to​ ________. A. list the projects and investments that a company plans to
Tanzania [10]

Answer:

The correct option which represents the ultimate goal of capital budgeting is D) .

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Answer:d. What do you think about the new ice-cream flavor

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An open ended question is a statement that requires a response. The response can't be yes/ no or a static response

The question What do you think about the new ice-cream flavor can't be answered with yes or no. The answer can either be I like the ice cream flavour or I don't like the ice cream flavour.

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<span>D. Because mechanical convection is the transfer of heat to a free flowing fluid on a heated surface.</span>
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What is (are) the main problems in using a balance sheet to provide an accurate assessment of the value of a company's equity?
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