Answer:
Scubapro Corporation
The investor who currently has 20,000 shares has the right to buy this number of shares, if she exercises her preemptive right:
E) 8,000 shares.
Explanation:
Data and Calculations:
Outstanding common stock = 500,000
Planned issue of additional shares = 200,000
Proportion of new issue to outstanding = 0.40 (200,000/500,000)
For an investor with 20,000 shares, she has the right to buy 8,000 (20,000 * 0.40) additional shares.
Can anybody help explain how to address issues that hamper individuals performance.
Answer:
Not every employee performance review that comes in will be positive. Targets will be missed, employees will underperform and as a people manager, you’ll need to find a way to either improve the situation or part ways with the employee.
When it comes to the challenging task of addressing employee performance issues, the key is to focus on potential solutions, rather than problems. Here’s how.
It’s difficult to talk about poor performance with employees, but avoiding the problem will only prolong the tough discussion. Be specific and state the problem clearly so that your employee understands what’s going on. Encouraging words are okay to share, but the employee needs to walk away knowing what the problem was and how to improve.
When it comes to improving employee performance, it is worthwhile to customize your approach. You may have to deal with each employee differently to get the same results. Know what motivates your employees, when to step in softly, and when to simply be direct.
Sometimes employees are fully aware of their performance issues but are unable to improve the situation on their own. It’s important to listen to an employee’s concerns during the performance review.
What is the difference between marginal cost and marginal revenue?
A. Marginal cost is the money earned from selling one more unit of a good. Marginal revenue is the money paid for producing one more unit of a good.
B. Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.
C. Marginal cost is the money a producer might make from one more unit. Marginal revenue is the money a producer actually makes from one more unit.
D. Marginal cost is the money a producer actually makes from one more unit. Marginal revenue is the money a producer might make from one more unit.
The difference between Marginal cost and Marginal Revenue is that Marginal cost is the money paid for producing one more unit of a good while Marginal revenue is the money earned from selling one more unit of a good.
What is Marginal Cost?Marginal cost refers to the additional cost incurred by increasing the quantity of a product by one unit. It could also be said to be the extra expense a business incurs when producing one additional product or service.
What is Marginal Revenue?Marginal revenue refers to the additional revenue generated by a business by producing an extra unit of a commodity.
As seen above, the difference between marginal cost and Marginal revenue is that Marginal cost is the money paid for producing one more unit of a good while Marginal revenue is the money earned from selling one more unit of a good.
Therefore option B is correct.
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Use the ordinary interest method to compute the time (in days) for the loan. Round your answer up to the next highest day when necessary.
Principal Rate (%) Time Interest
$7,400 10.4 $224
By using the ordinary interest method to compute the time (in days) for the loan, the time equals 106 days.
What is an ordinary interest method?An ordinary interest method is better known as a Simple interest method, which is a quick and easy method of calculating the interest charge on a loan. With this method, interest are determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.
Simple interest equals to P × R × T, where P = Principal, R = Rate of Interest in % per annum, and T = Time. Given that: Principal Rate (%) Time Interest is $7,400, 10.4, $224 respectively.
Time = I*100/P*R
Time = 224*100/7400*1.04
Time = 22400/76960
Time = 0.29106
Time = 0.29106 * 365 days
Time = 106 days.
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1.1.1 Name any one leakage in an economy. NAME ONE SECTOR INVOLVED MULTIPHER 1.1.2 What does the 45° line in the graph represent? 1.1.3 Briefly discuss the term autonomous consumption. 1.1.4 Explain the negative impact of a decrease in consumer spending on the size of the (2) multiplier. (1) IN DERIVING THE MACRO-ECONOMIC 1.2 Why is it important for a country to calculate its national income? [18] (1) 1.1.5 Calculate the multiplier when individual spending on consumption is 60%. Show all calculations. (4) (8)
1.1.1 One leakage in an economy is saving. The saving sector is involved in the leakage as individuals and businesses save a portion of their income rather than spending it on consumption or investment. Saving represents the portion of income that is not immediately injected back into the economy and can lead to a decrease in aggregate demand.
1.1.2 The 45° line in the graph represents the equilibrium level of output or income in an economy. It shows the points where aggregate spending (aggregate demand) is equal to aggregate production (aggregate supply). The line represents the condition where spending equals production, indicating a state of macroeconomic equilibrium.
1.1.3 Autonomous consumption refers to the level of consumption expenditure that occurs even when income is zero or negative. It represents the minimum level of consumption that individuals and households maintain regardless of their income. Autonomous consumption is usually influenced by factors such as basic needs, fixed expenses, or borrowing. It plays a crucial role in determining the level of aggregate demand in an economy.
1.1.4 A decrease in consumer spending has a negative impact on the size of the multiplier. The multiplier refers to the amplification effect that occurs when an initial change in spending or investment leads to a larger overall change in the economy. When consumer spending decreases, it leads to a decrease in aggregate demand, which in turn reduces the level of output and income. As a result, the multiplier effect is dampened, and the overall impact on the economy becomes smaller.
1.2 Calculating national income is important for a country for several reasons:
- It provides policymakers and economists with crucial information about the overall health and performance of the economy.
- National income data helps in formulating economic policies and making informed decisions related to fiscal and monetary policies.
- It allows for the comparison of economic performance across different countries and over time, providing insights into economic growth and development.
- National income calculations help in identifying income distribution patterns and inequalities within a country.
- It serves as a basis for calculating various economic indicators, such as GDP per capita, which are used to assess the standard of living and well-being of the population.
1.1.5 To calculate the multiplier when individual spending on consumption is 60%, we can use the formula:
Multiplier = 1 / (1 - Marginal Propensity to Consume)
Given that the individual spending on consumption is 60% or 0.6, the Marginal Propensity to Consume (MPC) would be 0.6. Substituting this value into the formula:
Multiplier = 1 / (1 - 0.6)
Multiplier = 1 / 0.4
Multiplier = 2.5
Therefore, the multiplier in this case would be 2.5.
Key Components of Financial Planning
Directions. As you see words pop up on the left side of the
video screen, write them into the workbook blanks
Assess your
situation (your income,
assets and liabilities)
Set money
Make sure you have a mix of both
short-term and long-term goals.
You must write out a detailed for accomplishing
your goals. This begins with your budget.
your plan! This involves discipline and
perseverance
2
Know your money
Regularly
and reassess your financial plan.
Replace money
with money truths.
Answer:
ror
Explanation:
charorot charorot charorot
WILL NAME BRAINLIEST IF SOMEONE CAN HELP!!!
when a teacher's salary increases will it be demand or supply?
Answer:
Demand.
Explanation: Because the demand is how much or what they want while supply is how much they can give.
Uganda is a very poor country. Qatar is much smaller geographically and has far fewer people, but it is roughly 70 times richer in terms of per capita GDP. Supposing the following statements are true, which one might explain why Uganda is a little closer to Qatar in terms of standard of living than the official statistics suggest?
a. Health standards in Singapore exceed those in Haiti.
b. Singapore is much more livable in terms of pollution than Haiti.
c. There is more underground market activity in Singapore than in Haiti.
d. Haiti has more nonmarket production than Singapore.
Answer:
D. Haiti has more nonmarket production than Singapore.
Explanation:
Here is the full question :
ee Hint Haiti is a very poor country. Singapore is much smaller geographically and has far fewer people, but it is roughly 70 times richer in terms of per capita GDP. Supposing the following statements are true, which one might explain why Haiti is a little closer to Singapore in terms of standard of living than the official statistics suggest? Choose one: O A Health standards in Singapore exceed those in Haiti. O B. Singapore is much more livable in terms of pollution than Haiti. OC. There is more underground market activity in Singapore than in Haiti. O D. Haiti has more nonmarket production than Singapore.
Per capita GDP = GDP / population
If Haiti has more non market activities, the bulk of its economic activities would not be captured in the GDP. This would lead to Haiti having a smaller GDP than Singapore
Apart from a job search, a also helps in job advancement.
Apart from a job search, a job portfolio also helps in job advancement.
What is a job portfolio ?A job portfolio is a collection of documents and materials that demonstrate your skills, achievements, and experiences in your field of work. It can include items such as your resume, letters of recommendation, examples of your work, certificates and awards, and other relevant documents.
Having a well-organized and comprehensive job portfolio can help you stand out from other candidates when applying for promotions or new job opportunities. It can provide evidence of your abilities and accomplishments, and demonstrate to potential employers that you are a qualified and capable professional. Additionally, a job portfolio can help you to keep track of your career progress and achievements, and provide a reference for your own personal and professional development.
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RST compay produces a product that has a variable cost of $6 per unit. The companys fixed costs are $30,000. the product sells for $10 per unit. how many units muct be produced to break even
Answer:
7,500 units
Explanation:
The break-even point is the point in which the earnings and the costs are the same and there is no gain or loss. The formula to calculate the break-even point in units is:
Break-even point in units= Fixed Costs/(Sales price per unit – Variable costs per unit)
Now you have to replace the values given to find units that have to be produced to break even:
Break-even point in units=30,000/(10-6)
Break-even point in units=30,000/4
Break-even point in units=7,500
The answer is that the units that have to be produced to break even are 7,500.
A company is hiring a new senior manager. Which best describes why they
would want her to take a leadership style test?
A. To be sure her leadership style will fit into the company
B. To assess her character and competence
C. To test for traits that predict criminal behavior
D. To be sure she has enough
leadership experience for the job.
Answer:
To be sure she has enough leadership experience for the job.
Explanation:
when a manger is join as a member to assist the company he or she should have an experience the job first.
Relative Valuation (45 min) X KNOWLEDGE CHECK On the chart below, if the earnings per share grew from 7.61 on December 31, 2018, to 7.82 on June 30, 2019, what would the implied earnings yield be?
The implied earnings yield be 4.1%.
Thus, the correct option is B.
What do you mean by earnings?The net advantages of a corporation's operations are its earnings. Additionally, earnings are the source of corporation tax obligations.
EBIT and EBITDA are two additional terms that are more specifically utilized for a study of certain areas of company operations. There are other other names for earnings that are frequently used, including income and profit.
Earnings are the sum of money that a person or organization receives over a specific time period.
They can be found on an income statement for a business and are used to gauge how profitable it is. Better financial performance is typically indicated by higher recurring earnings, which can also have a beneficial effect on stock values.
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When should a variable be included in the regression?
Suppose you are doing a study to asses the effect of a state tax levied on large sodas, on the rates of diabetes across states. You hypothesize that higher taxes on large sodas will cause people to consume less sugar, thereby resulting in fewer instances of diabetes and propose the following model:
B0+B1 tax +B2 percmale +B3 perc18 +u diabetes
where
diabetes rate of diabetes in the population
tax level of taxes on large sodas
percmale percentage of the population that is male
u error term
Suppose males are genetically more predisposed to develop diabetes than females, and that the passage of tax laws is independent of the gender breakdown of the state.
True or False: Including a variable to control for the percentage of males in the population would reduce the error variance while not inducing mutlicollinearity
A. True
B. False
Answer:
The variable should be included or excluded based on its significance.
True
Explanation:
Multicollinearity affect independent variables which are correlated. These effect the regression model equation and would increase the deviation error. The standard error is incorporated in the calculation by the variance. When multicollinearity is not included in the population then the variance error will be minimum.
HELP ASAP:
In the open market, oil shares are an example of:
A. finance.
B. accounting.
C. a commodity.
D. a security.
Answer:
C. A commodity
Explanation:
When you are looking for a used car, this resource will help you best determine the value of a particular make and model:
The marks obtained by 50 of 200 level Class of ABU-DLC students in Introduction to Statistics exams are given in a frequency distribution table as below:
Class 30-34 35-39 40 -44 45-49 50-54 55-59
Frequency 12 16 10 6 4 2 Use the information in the table to compute: 1- Mean Mark
2- Median Mark
3- Standard Deviation
4- First Quartile (Q1)
5-Semi-inter-quartile range
6- 6th Decile (D6)
7- 70th percentile (P70)
Answer:
1
Explanation:
Write the quadratic equation in standard form that corresponds to the graph shown below.
The quadratic equation of the graph in standard form is y = x² + 2x - 8
What is a quadratic equation in standard form?A quadratic equation in standard form is given by y = ax² + bx + c
Given the graph below, to write the quadratic equation for the graph in s tandard form, we notice that the graph has two x - intercepts at
(-4, 0) and(2, 0)The x - intercepts are the roots of the quadratic equation.
So, we have that
x = -4 andx = 2So,
x + 4 = 0 andx - 2 = 0So, the factors of the quadratic equation are
x + 4 andx - 2So, multiplying the factors, we have that the equation is
y = (x + 4)(x - 2)
= x² - 2x + 4x + 4 × (-2)
= x² - 2x + 4x - 8
= x² + 2x - 8
So, the quadratic equation is y = x² + 2x - 8
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If you have many competing financial goals, what should you do to help yourself focus on the most important ones?
A.
Get more unearned income.
B.
Prioritize and make a budget.
C.
Open a checking account.
D.
Diversify your investments.
Answer:
B.
Prioritize and make a budget.
Many consumers and social advocates believe that businesses should not only make a profit but also consider the social implication of their activities. We define social responsibility as a business's obligation to maximize its positive impact and minimize its negative impact on society. The acceptability of behavior in business is determined by customers, competitors, government regulators, interest groups, and the public, as well as each individual's personal moral principles and values. Review the notes on key ethical and social issues over the la five decades and assemble the timeline as instructed. The timeline lists key ethical and social issues that have occurred over the last five decades. Match the outcomes of these issues by dragging each one to its corresponding place on the chart. Fair hiring practices Desegregation Consumer protection The Sarbanes-Oxley Act Co.'s change labor policies Deceptive advertising Civil rights Discrimination Third-world sweatshops Financial mismanagement Reset
In order to be socially responsible, a company must act in a way that benefits society as a whole as well as its shareholders.
What is Social Responsibility ?Investors and consumers who seek investments that not only are profitable but also contribute to the welfare of society and the environment place a growing emphasis on social responsibility.
Despite historical criticism that society is not fundamentally considered a shareholder in business, younger generations are embracing social responsibility and promoting change.
Acting responsibly towards one's environment and society as a whole requires both individuals and businesses. Corporate social responsibility (CSR), sometimes known as social responsibility in the context of business, is a growing topic of attention for organisations.
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If stock prices go up then investors____.
If stock prices go up then investors make higher profits or gains. Strong earnings typically lead to an increase in the stock price (and vice versa).
However, the stock price of some businesses that aren't doing all that well is nonetheless skyrocketing. Investor hopes that the firm would become profitable in the future are reflected in this growing price. There are, however, no assurances that a firm will live up to the current aspirations of investors to become a high-earning corporation in the future, regardless of the stock price.
The price of a stock can also be impacted by business-specific news, such as the publishing of an earnings report, especially if the firm is posting after a weak quarter.
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in what ways should a company demonstrate social responsibility, ethical behavior, and good corporate/community citizenship? use a company that you know of, large or small, to illustrate your views.
Ethical behavior at ones occupation job or career is key to having a good chance of success and satisfaction at the long run
A company can demonstrate social responsibility, ethical behavior, and good corporate/community citizenship in several ways. Some examples include:
Environmental Sustainability: Implementing environmentally friendly practices such as reducing carbon footprint, recycling, and using renewable energy sources can help a company to minimize its impact on the environment.
Philanthropy: Supporting causes that align with the company's values and mission, such as education, healthcare, or the arts, through charitable donations, volunteer programs, or community outreach initiatives.
Ethical Business Practices: Adhering to high standards of business ethics such as transparency, fairness, and integrity in all business dealings and operations.
Responsible Supply Chain Management: Ensuring that the company's suppliers and partners are held to the same high standards of ethics and responsibility as the company itself.
Employee Well-being: Providing fair compensation and benefits, promoting work-life balance, and fostering a positive and inclusive work culture.
An example of a company that demonstrates these values is Patagonia. Patagonia is a company that designs and sells outdoor clothing and gear, with a mission to build the best product, cause no unnecessary harm, and use business to inspire and implement solutions to the environmental crisis. Patagonia demonstrates its commitment to the environment through its use of sustainable materials and production methods, and through its commitment to environmental causes such as climate change and conservation. Patagonia also demonstrates its commitment to ethical business practices through its fair trade certification and transparency in its supply chain. Additionally, Patagonia supports a number of environmental and social causes through philanthropy and community outreach.
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Which of the following is the basis for Justice Ginsberg's opinion that Guido and
Rankin have legitimate grounds for a lawsuit?
Answer:2. Which of the following is the basis for Justice Ginsberg's opinion that Guido and Rankin have legitimate grounds for a lawsuit? The district is a public employer, making its size irrelevant. ... The district has already been sued for the same issue by other former employees.
Explanation:
The basis for Justice Ginsberg's opinion on Guido and Rankin is that The district is a public employer, making its size irrelevant.
In this case, Justice Ginsberg had ruled that the law had been misread due to the way that it was applied to the fire department.
It was stated that having a minimum number of workers was a requirement for private organizations.
This case had Guido and Rankin filing charges against the state fire department due to the fact that they felt that they had been discriminated on by the service.
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How do you define a small business? Not the textbook definition but how you define it in your own words. List several small businesses in your local area and evaluate what makes them a small business and how you know. What impact do these small businesses have on your local economy? Explain.
Small business can be described as the business that is been privately owned corporation and can as well be a partnership, or sole proprietorship , and this business usually consist of small number of employees which do consist of less annual revenue compare to corporation or regular-sized business.
List several small businesses in your local area are:
Personal Trainers Site building and web design.Local Auto Repairs.The impact these small businesses have on your local economy is that it help the economy because Small businesses serves as the important economic engine since it serves as the back up .
What is a business?Small businesses can be described as the one that help the local economies because it bring about the growth as well as the innovation into the community that the business is been established.
In conclusion, Business can be described as the organization as well as enterprising entity which focus on making profit by engaging in the production or selling of products as well as services.
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mic exchange and the
2. How does it affect economics in the Philippines?
Answer:
phillipine pget no money
Explanation:
How can problem solving skills assist a grade 12 leaver in the world of work
Answer:
what is a warm front occlusion
PLEASE HELP ASAP!!
Be sure to use COMPLETE sentences when answering the following questions.
1. Compare the United States with the rest of the world, in land size, population and output of
goods and services.
2."One way to find out how our economy is doing is to compare output from year to year." What
does this statement mean?
Answer:
it means to calculate numbers of things exported
Alistair owns and runs a bakery. He buys groceries worth $250 for his business. What entries does he make in the book of accounts?
Alistair makes two entries in the book of accounts. He debits the supplies account and
compliance with the
principle of transaction
Reset
Next
Alistair is the owner and operator of a bakery. He spends $250 on groceries for his business. He makes two bookkeeping entries in the book of accounts. He debits the supplies account and follows the transaction principle.
A book of accounts contains commercial account transaction records. Commercial double entry accounting systems include numerous ledgers or books, such as the general ledger as well as general journal. These ledgers are collectively referred to as books, a shortened term for books of account. Any of the numerous books utilised in the accounting process can be referred to as a single book of accounts.
Thus the entries that he make in the book of accounts is that he makes two entries in the book of accounts. He debits the supplies account and compliance with the principle of transaction.
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what is amazon company?
Answer:
Amazon is a company known for many things such as delivery, shopping online, videos (Amazon Prime), and other things of the such.
Explanation:
You are more than likely to see an Amazon delivery truck delivering you or your neighbors some packages!
Which of the following is true of a good benefits plan?
a. It is generally inexpensive to buy and administer.
b. It will stimulate higher performance levels.
c. It will encourage people to join an organization.
d. It will include redundancies in coverage.
e. It allows for smaller pay increases.
Answer:
C
Explanation:
The following is true of a good benefits plan it will encourage people to join an organization. The correct option is c.
What are the benefits of motivated employees?There are several benefits to having a motivated workforce, including lower absenteeism rates, employee retention rates, low staff turnover rates, improved management-worker relationships, higher worker performance, improved quality, and enhanced customer service.
A good benefits plan is an essential part of an organization's compensation strategy. It can be used to attract and retain talented employees and can be a competitive advantage in the job market. A well-designed benefits plan can also help to improve employee morale, motivation, and job satisfaction. While it may require a significant investment, a good benefits plan can provide a good return on investment for the organization.
Thus, the ideal selection is option c.
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Focused reports help managers ____________ the challenge before recommending solutions. Reports that present data without conducting analysis arei ______________.
Like other business messages, reports can range from informal to formal depending on their purpose, audience, and setting. Which of the following contributes to an informal writing style?
a. Absence of humor
b. Passive voice verbs
c. Familiar words
d. Use of contractions
Answer: analyze, informational reports;
the use of contractions
Explanation:
Focused reports help managers (analyze) the challenge before recommending solutions. Reports that present data without conducting analysis are (informational reports)
b. The option that contributes to an informal writing style is ( the use of contractions). Other informal writing styles are:
• First-person pronouns
• Active-voice verbs
• Conversational language
An investor has two bonds in her portfolio, Bond C and Bond Z. Each bond matures in 4 years, has a face value of $1,000, and has a yield to maturity of 8.6%. Bond C pays a 11% annual coupon, while Bond Z is a zero coupon bond.
a. Assuming that the yield to maturity of each bond remains at 8.6% over the next 4 years, calculate the price of the bonds at each of the following years to maturity.
b. Plot the time path of prices for each bond.
Answer:
a)
YTM of a coupon paying bond:
YTM = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]
YTM of a zero coupon bond:
YTM = (face value / market value)⁻¹/ⁿ - 1
Bond C:
bond price at 4 years to maturity
0.086 = {110 + [(1,000 - MV)/4]} / [(1,000 + MV)/2]
0.086 x [(1,000 + MV)/2] = 110 + [(1,000 - MV)/4]
0.086 x (500 + 0.5MV) = 110 + 250 - 0.25MV
43 + 0.043MV = 360 - 0.25MV
0.293MV = 317
MV = 317 / 0.293 = $1,081.91
bond price at 3 years to maturity
0.086 = {110 + [(1,000 - MV)/3]} / [(1,000 + MV)/2]
0.086 x [(1,000 + MV)/2] = 110 + [(1,000 - MV)/3]
0.086 x (500 + 0.5MV) = 110 + 333.33 - 0.333MV
43 + 0.043MV = 443.33 - 0.333MV
0.376MV = 400.33
MV = 400.33 / 0.376 = $1,064.71
bond price at 2 years to maturity
0.086 = {110 + [(1,000 - MV)/2]} / [(1,000 + MV)/2]
0.086 x [(1,000 + MV)/2] = 110 + [(1,000 - MV)/2]
0.086 x (500 + 0.5MV) = 110 + 500 - 0.5MV
43 + 0.043MV = 610 - 0.5MV
0.543MV = 567
MV = 567 / 0.543 = $1,044.20
bond price at 1 year to maturity
0.086 = {110 + [(1,000 - MV)/1]} / [(1,000 + MV)/2]
0.086 x [(1,000 + MV)/2] = 110 + (1,000 - MV)
0.086 x (500 + 0.5MV) = 110 + 1,000 - MV
43 + 0.043MV = 1,110 - MV
1.043MV = 1,067
MV = 1,067 / 1.043 = $1,023.01
Bond Z:
bond price at 4 years to maturity
0.086 = (1,000 / MV)⁻¹/⁴ - 1
1.086 = (1,000 / MV)⁻¹/⁴
⁻¹/⁴√1.086 = ⁻¹/⁴√(1,000 / MV)⁻¹/⁴
0.7189 = 1,000 / MV
MV = 1,000 / 0.7189 = $1,390.97
bond price at 3 years to maturity
0.086 = (1,000 / MV)⁻¹/³ - 1
1.086 = (1,000 / MV)⁻¹/³
⁻¹/³√1.086 = ⁻¹/³√(1,000 / MV)⁻¹/³
0.7807 = 1,000 / MV
MV = 1,000 / 0.7807 = $1,280.82
bond price at 2 years to maturity
0.086 = (1,000 / MV)⁻¹/² - 1
1.086 = (1,000 / MV)⁻¹/²
⁻¹/²√1.086 = ⁻¹/²√(1,000 / MV)⁻¹/²
0.8479 = 1,000 / MV
MV = 1,000 / 0.8479 = $1,179.40
bond price at 1 year to maturity
0.086 = (1,000 / MV)⁻¹ - 1
1.086 = (1,000 / MV)⁻¹
⁻¹√1.086 = ⁻¹√(1,000 / MV)⁻¹
0.9208 = 1,000 / MV
MV = 1,000 / 0.9208 = $1,086
b) I do not have any drawing tools here, but the prices are:
years to maturity price of bond C price of bond Z
4 $1,081.91 $1,390.97
3 $1,064.71 $1,280.82
2 $1,044.20 $1,179.40
1 $1,023.01 $1,086