The maximum price to be paid for the bond at a 5% required rate of return is $4,329.48.
Let us have a required rate of return of 5%.
The decision to buy the bond will be based on present value of cash inflows:
present value of cash inflows = A* [1-(1+r)^(-n)]/r
here
A = $1000 per month
r=5%=>0.05
n=5 years.
$1000*[1-(1.05)^(-5)]/0.05
=>$1000*4.329476.
=>$4,329.48.
Since the present value of cash inflows is lower than the price of the bond , we need not purchase the bond.
The maximum price to be paid for the bond at 5% required rate of return is $4,329.48.
Our decision is based on the required rate of return of 5%, the higher the required return the lower will be the amount to be paid for the bond.
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Answer: Lead generation
Explanation: In simple words, lead generation refers to the process under which an entity tries to make their potential customers interested in their product for the first time. It can also be seen as the initiating step in building the customer base.
In the given case, the Texas department is trying to attract tourists to visit their state. It is the first time they are trying to do so by inviting the readers of magazines.
Hence from the above we can conclude that the primary purpose of their ad was lead generation.
The answer to everything is to find your inner and outer happiness. As long as you are happy, thats all that matters.
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T<span>he advertisement is using the scientific approach. In this approach, the product is introduced to the consumers as either effective or reliable through the provision of scientific evidence. It would be using quantitative data to persuade the consumers of the effectivity of the product. Just like in this example, the company were able to test their product proving that 80% of the stains would be erased without adding any additional additives. In </span>these advertisements<span>, the product is claimed to be effective through several successful experiments. Another example of this advertisement is a commercial where the company will be conducting a live experiment. They will be comparing two products and test which of the two is effective.</span>
Certain types of contracts must be in writing pursuant to the statute of "frauds".
A state statute that necessitates certain kinds of agreements to be written, expected to guarantee that terms of imperative contracts are not overlooked, misconstrued, or fabricated, reason for this is to smother misrepresentation, fraudulent cases, some of the time envisioned in light of ensuing occasions or basically invoked.
