Honesty , Trustworthy , Determined & Passionate .
Answer:
-3.49%
Explanation:
Theoretical price (Ft) = $43
Current spot price (St) = $40.5
Storage cost (u) = 2%
Risk free rate (Rf) = 0.5%
T = 1 year
Let y = Convenience yield
Ft = St e^(Rf + u - y)T
43 = 40.5 e^(0.005 + 0.02 - y)
y = - 3.49%
Hence, convenience yield = -3.49%
Answer:
C. Monies to meet debt service requirement.
Explanation:
The fund that is reserved to pay for the principal and interest payments on various debts is known as debt service fund. It is kept to reduce risk of debt security for the investors. The risk reduction of a debt security makes it attractive for the investors and also reduces the effective interest rate which is needed while selling the offering.<em> But a portion of the cash that a debt issuer receives from the debt offering is tied and it cannot be utilised for more useful investments.</em>
30 because I don’t know what if I got it back in there at least you know
Ben paid the value of the item + sales tax
Sales tax = 6.25% of worth of item.
Sales tax = (6.25/100) * 249.99 = $15.62.
Hence Ben paid $249.99 + $15.62 = $265.61
To the nearest cent he paid $265.60
