Answer:
true
Explanation:
Junk bonds can be defined as the bonds that require a higher default risk than most corporate and government issued bonds. A bond is indeed a debt or promise to pay interest payments to investors in return for purchasing the bond and the return of the invested principal.
Junk bonds depict debt issued by financially struggling companies with a significant risk to defaulting or failing to pay even their own monthly payments or reimbursing the principal to lenders. Thus, from the above we can conclude that the given statement is true.
Answer:
hello your question is incomplete attached below is the complete question
answer :
For Negative cross-price Elasticity :
DVD players and DVD and Shampoo and conditioner
Positive cross-price Elasticity :
Beer and Wine and Soda pop and iced tea
Zero cross-price elasticity :
Coffees and shoes
Explanation:
<u>For Negative cross-price Elasticity : </u>
DVD players and DVD and Shampoo and conditioner ; this is because the percentage change in the price of any of the good will affect the demand for both goods negatively or positively
<u>For positive cross-price Elasticity :</u>
Beer and Wine and Soda pop and iced tea : The percentage change in the price of any of the good will affect the demand of the other good positively ( increase in demand of the other good )
<u>For Zero cross-price Elasticity </u>:
Coffees and shoes; The percentage change in the price of any of the good will not affect the other because both goods are not related
Answer:
$26,036.74
Explanation:
Tom is able to pay $390 per month for 7 years. The interest rate is 6.8 %. Tom will pay an equivalent of the present value of a $390 annuity for & years 6.8 per cent
The applicable formula is
PV = P × 1 − (1+r)−n
r
Where PV is the present value
P is 390
r is 6.8% per year or 0.005666
n is 7 year or 84 months
PV = $390 x 1-(1+0.005666)84
0.00566
PV = $390 x 1- 0. 622133410)
0.00566
PV =390 x (0.37786659/0.00566)
PV = $390 x 66.760
PV = $26,036.74