Answer:
TRUE
Explanation:
The coupon rate for a bond is fixed and is paid by the issuer of the bond to the bondholder. The cash outlay/inflow to the issuer/bondholder is always the same reardless of the market rate.
The effect of the market rate is on the cost to acquire the bond in the secondary market. It do not change the coupon obligation.
Options:
Yes, Joe is an agent who has that authority.
No, Joe is an employee, but the employee does not have that authority.It depends whether Joe signed a written contract for his employment.
Yes, Joe is an employee.
No, not unless he possesses authority from the principal because Joe is an independent contractor.
Answer:No, not unless he possesses authority from the principal because Joe is an independent contractor
Explanation: An independent contractor is a third party engaged by a principal to transact certain specific jobs or accomplish a certain task on his behalf. An independent contractor does not have any power or authority to represent his or her principal especially when he or she is not authorized to do that on behalf of the principal.
JOE DOESN'T HAVE THE POWER OR AUTHORITY TO ENTER INTO ANY CONTRACT OR AGREEMENT WITH ANOTHER ENTITY FOR HIS PRINCIPAL EXCEPT WHEN GIVEN THE AUTHORITY TO DO SO.
Answer:
The first step is to show where the supply curve will shift, and in this case, the supply curve will shift to the right.
This is because OPEC has decided to increase oil production, or in other words, it has decided to shift the oil supply to the right. After this, the equilibrium price will probably fall, unless demand also rises proportionally.
