Answer:
has a comparative advantage in textiles.
Explanation:
Comparative advantage occurs when a particular country has the capability to produce a particular product at a lower cost than any other country.
If a country is capable of producing a particular product at a reduced cost this will lead to an increase in demand for such product thereby leading to an increase in the revenue.
Vietnam has a comparative advantage in the production of textiles because they are able to produce it at a low opportunity cost.
An installment payment is equal payments every month, meaning it is the correct answer. (B)
Answer:
O B. The conversion of money from one system to another system
Explanation:
Currency exchange is converting the currency of a country into the currency of another country. It is the conversion of the country's A currency to the country's B currency. The rate of converting the currency of one country to another is the exchange rate.
Currency exchange takes place in the foreign currency exchange market. Demand and supply factors determine the exchange rate between currencies of two countries.
Answer:
$1,159.22
Explanation:
to determine the price of the bond immediately after it pays its first coupon:
YTM = {coupon rate + [(face value - market value)/n]} / [(face value + market value)/2]
0.063 = {75 + [(1,000 - market value)/9]} / [(1,000 + market value)/2]
0.0315 x (1,000 + x) = 75 + [(1,000 - x)/9]
31.5 + 0.0315x = 75 + 111.11 - 0.1111x
0.0315x + 0.1111x = 154.61
0.1426x = 154.61
x = 154.61 / 0.1426 = $1,084.22
the price of the bond immediately before it makes its first coupon payment = $1,084.22 + $75 = $1,159.22
