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2 years ago

The Sherman Antitrust Act (1890)

1 answer:

4 0

The Sherman Antitrust Act of 1890 was the first measure passed by the U.S. Congress to prohibit trusts. It was named for Senator John Sherman of Ohio, who was a chairman of the Senate finance committee and the Secretary of the Treasury under President Hayes. Several states had passed similar laws, but they were limited to intrastate businesses. The Sherman Antitrust Act was based on the constitutional power of Congress to regulate interstate commerce.

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Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, h

allochka39001 [22]

Answer:

Explanation:

CR Semi annually 7.2/2 3.6%

Semi Annual Cash-flow 1000*3.6% 36

Rate of Return 15.5 7.75%

Present value of bond at 7.75% semmi annually return

Due to series of c/F apply annuity 1-(1+0.0775)^-20

Due to one single c/F apply compound 1/(1+0.0775)^20

No of Cash flows Discount facto5 @ 7.75% annuity Present Value

Cashflows P=R*(1-(1+I )^-n) / i

20 36 9.966011947 358.7764301

1 1000 0.222651068 222.6510682

Present values 581.4274982

CR Semi annually 9.2/2 4.6%

Semi Annual Cash-flow 1000*4.6% 46

Rate of Return 15.5 7.75%

Present value of bond at 7.75% semmi annually return

No of Cash flows Discount facto5 @ 7.75% annuity Present Value

Cashflows P=R*(1-(1+I )^-n) / i

20 46 9.966011947 458.4365495

1 1000 0.222651068 222.6510682

Present Value 681.0876177

There is no transaction cost and CR = IRR thats why the present value of the bond will be equal to face value of bond

CR = 15.5%

IRR = 15.5%

Present value of bond at 7.75% semmi annually return

No of Cash flows Discount facto5 @ 7.75% annuity Present Value

Cashflows P=R*(1-(1+I )^-n) / i

20 77.5 9.939402948 770.3037285

1 1000 0.22472657 224.7265701

995.0302985

Difference is due to decimals

8 0

3 years ago

Bramble Corp. purchased a delivery truck for $38,800 on January 1, 2019. The truck has an expected salvage value of $1,800, and

Debora [2.8K]

Answer:

Depreciable cost per mile= $0.37

Explanation:

Giving the following information:

Purchase price= $38,800

Salvage value= $1,800

Expected to be driven 100,000 miles over its estimated useful life.

<u>To calculate the depreciable cost per mile, we need to use the following formula:</u>

Depreciable cost per mile= (original cost - salvage value)/useful life of production in miles

Depreciable cost per mile= (38,800 - 1,800)/100,000

Depreciable cost per mile= $0.37

6 0

3 years ago

Financial markets have the ultimate purpose of:________

Softa [21]

Answer:

Financial markets have the ultimate purpose of:

C. Bringing several parties together in order to engage in buying, selling, and trading activity of financial assets

Explanation:

A financial market is a platform that brings several parties together in order to engage in buying, selling , and trading activity of financial assets. It generally offers an opportunity to investors in financial assets to either buy or sell the assets. Some examples of financial assets include; securities, bonds, stocks, and currency.

In capitalistic economies where there is high competition, the access of financial assets play a major role in ensuring that such economies run smoothly. Financial markets make it is for companies to trade their financial assets in an easy and fast manner. It also provides more accessibility to borrowers and also give an opportunity to the lenders to earn some interest on their money.

Financial markets involve the buying and selling of various financial assets and thus there is need for transparency to ensure that the market prices are fair. The information about the prices need to be clear and appropriate to protect investors.

7 0

3 years ago

Rosa was promoted to a management position from her specialist role. During her previous role, she gained firsthand experience o

Andreas93 [3]

Answer: Implement teams to provide greater challenges for employees.

Explanation:

Rosa needs to form teams within the workers to reduce individuality and increase team corporation. In forming a team from employees which are specialists in several fields, a whole lot can be achieved as the different employees would contribute an aspect of their knowledge to the team success.

7 0

3 years ago

The risk-free rate is 2.2 percent and the market expected return is 11.9 percent. What is the expected return of a stock that ha

zepelin [54]

Answer:

the expected return of a stock is 10.542%

Explanation:

The computation of the expected return on a stock is shown below:

Expected return on stock is

= Risk free rate + beta × (market rate of return - risk free rate)

= 2.2% + 0.86 × (11.9% - 2.2%)

= 2.2% + 0.86 × 9.7%

= 2.2% + 8.342

= 10.542%

hence, the expected return of a stock is 10.542%

We simply applied the above formula so that the correct value could come

And, the same is to be considered

5 0

3 years ago