Inferential Statistics is your answer
Nancy's union has negotiated a three-year wage contract that provides for a 2.4% increase indexed to inflation. The rates of inflation are forecast to be 1.62%, 1.93% and 2.21% respectively Nancy's wage increase be expressed in the new contract as -COLA plus 2.4%
Explanation:
From the question it is clear that the rate of inflation is forecasted to be either 1.62%,1.93% or 2.21% in the near future
But As per the wage contract of the Nancy's union the increase in inflation is assumed to be 2.4%
So,the Nancy's wage increase in the new contract will be expressed as -COLA plus 2.4%
(The term COLA refers to the cost of living adjustment)
<u>Wage increase =cost of living adjustment(COLA)+increased inflation</u>
Answer:
$620,000
Explanation:
the total cash received (dirty price) = clean price + accrued interest = (1.02 x $600,000) + ($600,000 x 8% x 2/12) = $612,000 + $8,000 = $620,000
the clean price of a bond refers to the price of the bond without any type of accrued interest, i.e. the price that the issuer would receive if it sold them at the same date that they were issued.
The dirty price includes both the clean price plus any accrued interest
A because capitalism is FREE enterprise and public companies don’t relate to either of them