The stereo would cost 3750 British pound in Britain at the prevailing exchange rate.
Explanation:
Given details-
The exchange rate between the British pound and US Dollar- 0.75 British pounds for 1 USD
Cost of the stereo= 5000 USD
Proportionate cost of the stereo in the British pound-
Exchange rate conundrum can be understood in the following way easily-
It means that for every 1 USD, a person in Britain would shell out 0.75 British pounds. In other words, the British pound is dearer than USD.
Since the cost of the stereo is 5000 USD and 1 USD is 0.75 British pound
5000 USD would equal 5000* 0.75 British pound= 3750 British pound
cost of the stereo is 3750 British pound
Answer:
Carter's preferred stock nominal annual expected rate of return is 8.12%.
Explanation:
Nominal annual expected rate of return of a preferred stock can be described as the current or unadjusted rate of return of the stock.
The nominal annual expected rate of return can be calculated as follows:
Nominal annual expected rate of return = Annual preferred stock dividend per share / Preferred stock price ............. (1)
Where;
Annual preferred stock dividend per share = Dividend per quarter * 4 = $1.40 * 4 = $5.60
Preferred stock price = $69.00
Substituting the values into equation (1), we have:
Nominal annual expected rate of return = $5.60 / $69.00 = 0.0812, or 8.12%
Therefore, Carter's preferred stock nominal annual expected rate of return is 8.12%.
You must obtain your doctorate in veterinary medicine which generally takes four years
Answer:
$541 Unfavorable
Explanation:
Flexible budget for food and supplies = Fixed expenses + (Actual activity * Variable cost per tenant day)
Flexible budget for food and supplies = $1,600 + (3,740 * $14.10)
Flexible budget for food and supplies = $1,600 + $52,734
Flexible budget for food and supplies = $54,334
Spending variance = Actual results - Flexible budget
Spending variance = $54,875 - $54,334
Spending variance = $541 Unfavorable
Answer:
$1,069
Explanation:
Data provided in the given question
Future value = $1,000
Coupon bond = 6.9%
Time period = 5 years
The computation of price paid is shown below:-
Amount Paid = Principal Amount + Call premium
= $1,000 + 6.9% × $1,000
= $1,069
Therefore, for calculating the amount paid we simply add principal amount add call premium.
