Answer:
interest rate is 2.25 %
Explanation:
given data
sell bond = $715
bond matures = 15 years
redeem = $1,000
solution
we apply here formula that is
amount = principal × 
................1
here put value and we get
1000 = 715 × (1+r)^{15}
= 
solve it we get
r = 0.022617
so rate is 2.25 %
Price is important to managers because it has a substantial effect on a company's profitability and sustainability.
<h3>Why is pricing important?</h3>
The importance of pricing is traced to the fact that defines the value or worth of a product and the number of customers that demand the product.
For the consumer of products, price is a key factor that determines purchase decisions.
Thus, price is important to managers because it has a substantial effect on a company's profitability and sustainability.
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<h3>Question Completion:</h3>
Why is price important to managers?
The right answer is keep social exchanges proactive and with intent.
What are Social exchanges ?
- Social exchange Proposition proposes that social behavior is the result of an exchange process.
- The reason for this exchange is to increase benefits and less costs.
- According to this proposition, people weigh the implicit benefits and pitfalls of their social connections. When the pitfalls overweigh the prices, they will terminate or abandon the relationship.
Most connections are made up of a certain quantum of give- and- take, but this doesn't mean that they're always equal.
Social exchange suggests that it's the valuing of the benefits and costs of each relationship that determine whether or not we choose to continue a social association.
Melina manages a platoon that's all remote. She wants to unite with her platoon to design and make a culture when working. So the suggestion to her and her team is to keep social exchanges proactive and with intent.
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