Answer:
YTM is 4.94%
Explanation:
The yield to maturity is the return on the bond throughout the bond's tenure and can be computed using rate function in excel as shown below.
=rate(nper,pmt,-pv,fv)
nper is the number of coupons the bond has left to pay(23 years*2)
pmt is the semiannual coupon of the bond=$1000*5.3%*6/12=26.5
pv is the curren price=$1000*105%=$1050
fv is the face value of the bond
=rate(46,26.5,-1050,1000)=2.47%
2.47% is the semiannual yield
annual yield=2.47%
*2=4.94%
Answer:
True.
Explanation:
Consumer Credit Protection Act is a law of United Stated which was enacted in 1968. This act protects the consumer against the lenders. This law set out how credit is managed on the purchases of consumer.
National City Bank has confused Simone by briefing about several mortgages and penalties of the loan. Simone is unable to identify whether mortgage loan is better option or she should consider other banks. This has violated the Consumer Credit Protection Act.
Answer:A. Bereaucracy
Explanation: Max Weber is a German Sociologists known for his work on the BEREAUCRACY THEORY, where he states that Bereaucracy is the most effective and efficient way of handling large tasks in Organisations to eliminate Favouritism and ensure that Government tasks are systematically conducted.
Ritzer is an American Sociologist who pointed that Max Weber view Bereaucracy as the most efficient structure for dealing with large numbers of formalized tasks and paperwork.
Answer:
B) nine months
Explanation:
The federal government grants patents to inventors so that they have exclusive rights to make, use, sell, or offer to sell an invention for a limited time: design patents last 14 years, while if you actually create a product the patent will last 20 years.
The whole idea behind patents is to give the inventor the time needed to reap the benefits of their inventory in order to replenish costs and make a profit before other companies can make generic copies of the invention.
Answer:
50 customers per day
Explanation:
For computing the capacity required customers per day, first, we have to compute the current demand per day which is shown below:
Current demand = Average number of pets per day × estimated percentage
= 74 pets × 60%
= 44.4 per day
Now the capacity required per day would be
= (Current demand per day) ÷ (1 - capacity cushion percentage)
= 44.2 ÷ (1 - 0.12)
= 50.22 per day