The wages are quite a bit higher than industry standard. It's about 33% which is 8% higher.
Answer:
differentiated products.
Explanation:
An oligopoly occurs when a few large firms dominate a market and they aim to maximise profit. The action of one firm has significant effect on the market, so the firm's are interdependent.
There are high barriers to entry including use of government liscences, patents, economies of scale, and actions taken by firms to discourage entry into the market.
However differentiation of products is not a necessary condition for oligopoly. Products can be homogenous or differentiated.
Answer:
7.84%
Explanation:
Given:
Bond's par value (FV) = $1,000
Maturity (nper) = 25 × 2 = 50 periods (since it's semi-annual)
YTM (rate) = 0.0925÷2 = 0.04625 semi annually
Price of bond (PV) = $875
Calculate coupon payment (pmt) using spreadsheet function =pmt(rate,nper,-PV,FV)
PV is negative as it's a cash outflow.
So semi- annual coupon payment is $39.20
Annual coupon payment = 39.2×2 = $78.40
Nominal Coupon rate = Annual coupon payment ÷ Par value
= 78.4 ÷ 1000
= 0.0784 or 7.84%