Answer:
since you are required to calculate the effective yield to maturity, you cannot use the approximate YTM formula since it is not exact. You will need to use a financial calculator, online calculator or excel spreadsheet. I prefer to use an excel spreadsheet and use the IRR function:
a) initial outlay = -$970
cash flows 1 - 19 = $80
cash flow 20 = $1,080
IRR = 8.31%
Since the bond is sold at a discount, the effective yield will be higher than the coupon rate.
b) if hte bond is sodl at par, the effective yield to maturity is the coupon rate = 8%
c) initial outlay = -$1,170
cash flows 1 - 19 = $80
cash flow 20 = $1,080
IRR = 6.49%
Since the bond is sold at a premium, the effective yield will be lower than the coupon rate.
<h3>What are convention hotels?</h3>
Convention hotels host large meetings similar to conferences. Social conventions restrict what we can do; they dictate how we should behave. Conventionalism is the result of being conventional, something held up as a normative example; "the convention of not naming the main character"; "violence is the rule, not the exception".
Hotel conventions are large formal assemblies, "political conventions", and international agreements (diplomacy).
To learn more about convention hotels:
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Answer:
True
Explanation:
because 1 person can't control a huge company or business
Answer:
The correct answer is undifferetianted target strategy.
Explanation:
Undifferentiated marketing treats all buyers or potential buyers, as a homogeneous group. Another term for undifferentiated marketing is mass marketing. Instead of producing different marketing strategies for different segments of society or even different products for different groups, undifferentiated marketing attempts to reach all potential buyers using a marketing strategy. In this way, you treat all segments of the same population and the strategy is to use an approach that aims to appeal to as many people as possible.
A company can benefit from undifferentiated marketing in several ways. This marketing strategy does not require the same level of research in consumer tastes as in other types of marketing. While differentiated and concentrated marketing are two intensive research approaches, undifferentiated marketing requires an understanding of the largest possible segment of the population at a basic level to achieve wide acceptance. In addition, it allows a company to attract a much wider audience than marketing strategies.
