Answer:
a. True
Explanation:
The foreign exchange market is a market for converting the currency of one country into that of another country.
For example, the conversion of dollars of the United States of America can be converted into naira (Nigeria) at the foreign exchange market.
Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.
The efficient market school also known as the efficient market hypothesis (EMH) is a hypothesis that states that asset (share) prices reflect all information and it is very much impossible to consistently beat the market.
Also, forward exchange rates are exchange rates controlling foreign exchange transactions at a specific future date or time.
Answer:
I prepared an amortization schedule using an excel spreadsheet. The original monthly payment was $836.44. After the 120th payment, the remaining principal balance was $68,940.64. Since she didn't pay anything for 1 year, the new principal balance will be $68,940.64 x (1 + 8%) = $74,455.89
I prepared another amortization schedule for the remaining 9 years, and the monthly payment is $969.32. She will pay off the loan in 108 months.
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I’m pretty sure the answer is C. To cultivate responsibility in our students
Answer:
Coupon rate is 7.41%
Explanation:
Using the price formula , the yield to maturity can be calculated first of all:
Bond price=coupon interest /yield to maturity
Bond price is $1080
coupon interest is 8%*$1000=$80
$1080=$80/yield to maturity
$1080*yield to maturity=$80
yield to maturity=$80/$1080
=7.41%
However if the price of the bond becomes the par value, the coupon rate can be calculated thus:
$1000=coupon payment/7.41%
coupon payment =$1000*7.41%
coupon payment=$74.1
coupon rate=$74.1/100=7.41%
