In order to obtain the change in price, the local price of the yuan must be known. Next is to take the difference of the reciprocal of the two prices, then multiply it to the local price.
The solution is:
change in price = 275 (1/ 6.58 - 1/6.25)
therefore, the change in price is equal to $2.21
Answer:
The correct answer is B. the limited liability of shareholders.
Explanation:
The legal representative of the bondholders is a mandatory figure in the issuance of bonds traded in the stock market. The legal representative of the bondholders has the primary function of performing the necessary acts for the exercise of the rights and the defense of the interests of the holders. Its activity is regulated, which includes a series of duties of management, defense, communication and conservation of mandatory compliance. In addition, he acts as spokesperson for the bondholders before the issuer, the Financial Superintendence of and third parties.
The legal representative of the bondholders will respond up to a slight fault in the fulfillment of their obligations.
Answer:
Sam’s Home Store can enforce the contract against Restore Construction Company
Explanation:
In contract law, only the parties involved in a contract can take action to enforce the contract. In this case Sam' Home Store signed the contract with Restore, so they can enforce it. Any third party beneficiaries from the contract, like United Building Supplies, are not entitled to enforce anything.
Answer:
a) YTM = 9.8%
b) realized compound yield is 9.9%
Explanation:
a) PMT = 80
par value FV = 1000
coupon rate = 8%
curent price PV = 953.1
years to maturity n = 3
Yield to maturity (YTM) = 
= 
= 9.8%
b) r2 = 10% = 100%+10%=1.1
r3 = 12% = 100%+12%=1.12
Realized compound yield:First, find the future value (FV. of reinvested coupons and principal
FV = ($80 *1.10 *1.12) + ($80 * 1.12) + $1080 = $1268.16
let a be the rate that makes the future value $1268.16
953.1(1+y)³ =$1268.16
(1+y)³=1.33
1+y=1.099
y = 0.099 = 9.9%
