The Original Constitution meant that Congress could not ban the slave trade until 1808.
<h3>When did Congress ban the slave trade?</h3>
In the original Constitution of the United States, Northern states wanted to ban the slave trade but the South resisted.
They then came to a compromise where Congress would only ban the slave trade in 1808. This was contained in the Constitution in Article 1, Section 9. The domestic slave trade in the United States continued however.
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Answer:
17%
Explanation:
Market price of a bond is the total sum of discounted coupon payment plus par value at maturity. This is a 10-year bond with semi-annual payment so there will be 20 coupon payment in total. Let formulate the bond price as below:
Bond price = [(Coupon rate/2) x Par]/(1 + YTM/2) + [(Coupon rate/2) x Par]/(1 + YTM/2)^2 + ... + [(Coupon rate/2) x Par + Par]/(1 + YTM/2)^20
Putting all the number together, we have
1,158.91 = [(Coupon rate/2) x 1000]/(1 + 7%) + [(Coupon rate/2) x 1000]/(1 + 7%)^2 + ... + [(Coupon rate/2) x 1000 + 1000]/(1 + 7%)^20
Solve the equation, we have Coupon rate = 17%
Answer:
The answer is B.
Explanation:
In capital budgeting, Companies evaluate the proposed projects at hand. Due to the paucity of fund, all projects wont be selected even if they all have positive net present value is the main determinant in choosing project to invest in.
Mutually Exclusive projects are projects that are competing with one another in which only one will be selected and once this particular project is selected the rest wont be considered again.
Whereas, independent projects are those projects that do not compete with any other project. Its cash flow does not have a negative impact on the others
Hello. You forgot to show the calculations made by Nico and Lorena. The calculations are shown in the attached figure.
Answer:
Nico is correct because he knew -4/5 is equal to -4/5.
Explanation:
As you can see in the image below, Nico and Lorena had to solve the expression (2) x (1/6) x (-4/5).
In this case, the correct resolution is Noco's resolution, since it has the following resolution steps:
2x1x (-4) / 1x6x5 =
-8/30 =
-4/15
The united states and kenya are exploring the possibility of a trade deal. <u>Free Trade </u>refers to a situation in which a government does not attempt to restrict what its citizens can buy from or sell to another country.
<h3>What is Free Trade?</h3>
A free trade policy is one in which imports and exports are not restricted. It is also known as the free market concept applied to international trade. Most countries now participate in multilateral trade agreements negotiated by the World Trade Organization. Goods and services can be purchased and sold across international borders with little or no government taxes, quotas, subsidies, or bans impeding their interchange under a free trade policy. Trade protectionism and economic isolationism are the polar opposites of free trade.
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