Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which is also the amount of principal to be paid at maturity. The bonds are currently selling for $770. They have 10 years to maturity. Annual interest is 14 percent ($140), paid semiannually.
Compute the yield to maturity. (Do not round intermediate calculation. Use a Financial calculator to arrive at the answers. Round the final answer to 2 decimal places.)
Yield to maturity %
In: Accounting
The center of a cubic hole is found ________
| at the center of a simple cubic lattice. |
| at eight sites within a face-centered cubic lattice. |
| on the edges of a simple cubic lattice. |
| at the center of a face-centered cubic lattice. |
| on the faces of a body-centered cubic lattice. |
In: Chemistry
Exam case study Foreign direct investment in China: A case study from the Yangtze Delta Basin The metropolis of Shanghai dominates the rich, fertile and low-lying plain south of the Yangtze River in China. Within a 150 kilometre radius are also located the major urban centres of Suzhou, Nanjing, Hangzhou and Ningbo. Suzhou is approximately one hour by road from Shanghai and is one of the oldest cities in the Yangtze Delta Basin, with an identifiable history stretching back 2500 years. There is a traditional Chinese saying: ‘There’s paradise in heaven, but Suzhou and Hangzhou on earth’—a reference to Suzhou’s beautiful gardens and canals. In the 1980s Deng Xiaoping’s ‘open door policy’ was adopted in China and provided preferential treatment for coastal regions to develop special economic zones. These themed reforms nurtured economic change and were in line with Deng’s wishes, enabling ‘some people to get rich’ (Isaak 2000). To persuade foreign direct investment to come to Suzhou, policies for the effective leadership of development were enacted. For example, in 1998 L Government, the Jurong Township Corporation (JTC), was appointed to manage the establishment process for what was initially called the Singapore Industrial Park (SIP). Located between Shanghai and Suzhou, SIP became a flagship project for the new generation of ETDZs. The initial investment and control was 65 per cent Singaporean and 35 per cent Chinese, and a specially set up authority managed the ETDZ. It had its own customs house, and was notable for its superior infrastructure and strict environmental controls. However, the success of the Singaporean model became awkward for the Chinese and the local Suzhou municipality. They witnessed the success of the SIP, but had limited share in the wealth being generated. This prompted a flurry of activity for the emergence of another ETDZ on the other side of Suzhou, which created direct competition with the SIP. The Suzhou new district The Suzhou New District (SND) was thus built by the local municipality. SND was first established in 1992, and was considered a ‘high-tech’ ETDZ with a science and technology theme. It promoted a ‘garden-like’ atmosphere with ‘liveable surroundings’. The infrastructure in SND was developed through establishing a banking sector and a mediumrise expatriate living area. The growth of this ETDZ was credited to the development of its infrastructure services. SND established a theme park and invested in recruiting, employment and training industries. The land quality and position of SND was superior to that of the SIP and it was located right beside the city centre of Suzhou, whereas the SIP was, at this time, somewhat more remote. Despite fierce initial rivalry, both ETDZs are now successfully established and are attracting substantial FDI; the local TVEs are booming and local private business is encouraged. Considerations for FDI in the ETDZs While Jiangsu province now boasts a number of development zones, the Suzhou New District and the Suzhou Industrial Park are the main economic and technological development zones in this region. Specific regulations vary within each zone, which provide incentives for foreign direct investment. Important considerations for the ETDZs are the infrastructure (such as water plants, sewage and gas, power supply and ISDN telecommunications) and a preferential tax policy offering favourable terms to foreign investment companies. Furthermore, housing for both expatriates and workers, along with sporting, cultural, dining and shopping precincts, enhances the quality of life for residents living in the region. For example, SND provides incentives for housing local workers and SIP has a waste management plan. The administrative authorities within the zones play an integral role in the operations of the ETDZs and in the activities of enterprises within those zones. To help the facilitation of business by making it easier to obtain the permits and licences required for registration as a foreign enterprise in China, the SIP and SND both promote their ‘one-stop set-up shops’ for foreign enterprises. Promotion portraying the convenience of the residential and recreation facilities is clearly visible. When faced with the depth of regulation, language and cultural differences, and bureaucratic delays in obtaining approvals and registrations, facilities within the ETDZs assist foreign enterprises to start up their operations in China. There are also facilities to conduct major recruitment fairs on behalf of enterprises. Each year these fairs attract graduates from all over China. As part of the process, administration checks, qualification and reference checks, along with additional training, are provided, which streamlines employment for both candidates and enterprises. Cultural differences between the international and local culture prevail. SND is located close to the old city of Suzhou, whereas there is a distinctly more international flavour in the SIP, which hosts a ‘Singapore Square’ along with a tax policy favouring foreign investment. The rapid expansion in the ETDZs also has its drawbacks for foreign direct investors. The infrastructure development has not always kept up with expansion in the zones. Access to essential services, long waiting times for operational components and minimal or reduced social and cultural activities are the consequences of rapid progress. This, in turn, has produced diverse opportunities for local entrepreneurs to seize the chance to capitalise on gaps in economic development. The ETDZs are notable for their ability to assimilate supply chains quickly. Because of the large geographical area of the ETDZs, many small townships are located within them. Township enterprises have begun producing components required by the foreign direct investors. Most of these townships were communes during the Maoist area, meaning that production is still organised along these lines. In many instances, these TVEs were single-product-based and supplied Suzhou and Shanghai with farmed fish, fresh vegetables and craft items. Now, many have changed their production to manufacturing items required further along the supply chain. For example a ‘Technology Township’ in SND designs and provides research and development, then component manufacture, to supply the larger assembly plants located in the ETDZ. Therefore, a distinct logistical chain operates between the ETDZs and Shanghai, with components being manufactured in one location and assembled in another, while sales and marketing offices are situated in Shanghai. Perry and Yeoh (2000) provide a history of the China-Singapore- Suzhou Industrial Park. The authors describe the ETDZ’s success in attracting high-technology firms in the electronics, software, mobile telecommunications and pharmaceuticals sectors, although they also highlight the absence of R&D activities in some cases.
There are three main points to consider in discussion of the ETDZs located near Suzhou in Jiangsu province, China:
1 The area has been selected by China’s central government as region for major growth.
2 Multinational/international companies are established in, and are directly investing in, the region.
3 SMEs and TVEs have established supply chains to help facilitate supply and provide logistical channel support to FDI enterprises.
In: Economics
What forms of advertising and promotion does Walmart use? What role does personal selling fulfill for Walmart?
*Please include resources*
In: Operations Management
What does taking the derivative of a function tell you about the function? Is a derivative a local property in the sense that you can define the derivative of a function f(x) at x?
What does integrating a function tell you? Is an integral a local property in the sense that you can define the integral of a function f(x) at x?
If you first differentiate a function and then integrate it, are you going to get the same function back that you started with?
In: Physics
File IntList.java contains definitions for a linked list of integers. The class contains an inner class IntNode that holds information for a single node in the list (a node has a value and a reference to the next node) and the following IntList methods:
File IntListTest.java contains a driver that allows you to experiment with these methods. Save both of these files to your directory, compile and run IntListTest, and play around with it to see how it works. Then add the following methods to the IntList class. For each, add an option to the driver to test it.
Note that you can still use the old nodes; just replace the values stored in those nodes.
// ***************************************************************
// FILE: IntList.java
//
// Purpose: Defines a class that represents a list of integers
//
// ***************************************************************
public class IntList
{
private IntNode front; //first node in list
//-----------------------------------------
// Constructor. Initially list is empty.
//-----------------------------------------
public IntList()
{
front = null;
}
//-----------------------------------------
// Adds given integer to front of list.
//-----------------------------------------
public void addToFront(int val)
{
front = new IntNode(val,front);
}
//-----------------------------------------
// Adds given integer to end of list.
//-----------------------------------------
public void addToEnd(int val)
{
IntNode newnode = new IntNode(val,null);
//if list is empty, this will be the only node in it
if (front == null)
front = newnode;
else
{
//make temp point to last thing in list
IntNode temp = front;
while (temp.next != null)
temp = temp.next;
//link new node into list
temp.next = newnode;
}
}
//-----------------------------------------
// Removes the first node from the list.
// If the list is empty, does nothing.
//-----------------------------------------
public void removeFirst()
{
if (front != null)
front = front.next;
}
//------------------------------------------------
// Prints the list elements from first to last.
//------------------------------------------------
public void print()
{
System.out.println("--------------------");
System.out.print("List elements: ");
IntNode temp = front;
while (temp != null)
{
System.out.print(temp.val + " ");
temp = temp.next;
}
System.out.println("\n-----------------------\n");
}
//*************************************************************
// An inner class that represents a node in the integer list.
// The public variables are accessed by the IntList class.
//*************************************************************
private class IntNode
{
public int val; //value stored in node
public IntNode next; //link to next node in list
//------------------------------------------------------------------
// Constructor; sets up the node given a value and IntNode reference
//------------------------------------------------------------------
public IntNode(int val, IntNode next)
{
this.val = val;
this.next = next;
}
}
}
// ***************************************************************
// IntListTest.java
//
// Driver to test IntList methods.
// ***************************************************************
import java.util.Scanner;
public class IntListTest
{
private static Scanner scan;
private static IntList list = new IntList();
//----------------------------------------------------------------
// Creates a list, then repeatedly prints the menu and does what
// the user asks until they quit.
//----------------------------------------------------------------
public static void main(String[] args)
{
scan = new Scanner(System.in);
printMenu();
int choice = scan.nextInt();
while (choice != 0)
{
dispatch(choice);
printMenu();
choice = scan.nextInt();
}
}
//----------------------------------------
// Does what the menu item calls for.
//----------------------------------------
public static void dispatch(int choice)
{
int newVal;
switch(choice)
{
case 0:
System.out.println("Bye!");
break;
case 1: //add to front
System.out.println("Enter integer to add to front");
newVal = scan.nextInt();
list.addToFront(newVal);
break;
case 2: //add to end
System.out.println("Enter integer to add to end");
newVal = scan.nextInt();
list.addToEnd(newVal);
break;
case 3: //remove first element
list.removeFirst();
break;
case 4: //print
list.print();
break;
default:
System.out.println("Sorry, invalid choice")
}
}
//-----------------------------------------
// Prints the user's choices
//-----------------------------------------
public static void printMenu()
{
System.out.println("\n Menu ");
System.out.println(" ====");
System.out.println("0: Quit");
System.out.println("1: Add an integer to the front of the list");
System.out.println("2: Add an integer to the end of the list");
System.out.println("3: Remove an integer from the front of the list");
System.out.println("4: Print the list");
System.out.print("\nEnter your choice: ");
}
}
In: Computer Science
Suppose a global recession is underway. Answer the following questions using the money market.
(a) What action will the Fed likely take? How will their interest rate target change? What action will they take to achieve their target?
(b) Using a graph of the money market, what happens on impact in response to that change in policy?
(c) How does the money market transition to the new equilibrium?
In: Economics
Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials inventory, March 1 6,000 Materials inventory, March 31 8,000 Direct labor 25,000 Factory overhead 37,000 Work in process, March 1 22,000 Work in process, March 31 23,500 Finished goods inventory, March 1 21,000 Finished goods inventory, March 31 30,000 Sales 257,000 Sales and administrative expenses 79,000 Required: Prepare (a) a statement of cost of goods manufactured, (b) an income statement for the month ended March 31, and (c) the inventory section of the balance sheet. Refer to the Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. “Less” or “Plus” will automatically appear if it is required. You will not need to enter colons (:) on the financial statements.
In: Accounting
In: Computer Science
The demand and supply functions are given by P= $1200 – $40Qd and P=$250 + $25Qs
A. Calculate the equilibrium price and quantity:
B. Sketch a graph indicating the reservation price, minimum selling price, and market equilibrium (You will add multiple layers so don’t make this too small!)
C. Determine the value of consumer surplus in equilibrium and show this area on your graph.
D. Determine the value of producer surplus in equilibrium and show this area on your graph.
E. Determine the value of economic surplus or total surplus at equilibrium.
F. If the government implements a $10 per unit tax on sellers, determine the new supply equation, write it here, and graph on your original graph with the new minimum selling price.
G. Determine the new equilibrium price and quantity and show on your graph.
H. Calculate the new consumer surplus. Are consumers better or worse off? Briefly explain.
I. Calculate the new producer surplus. Are producers better or worse off? Briefly explain.
Please answer F, G, H, I. A-E have already been answered.
In: Economics
A semipermeable membrane separates two aqueous solutions at 37 °C. For each of the following cases, name the solution into which a net flow of water (if any) will occur.
Net flow is toward solution a; Net flow is toward solution B; no net flow
choices to be labeled under the 3 categories above:
- Solution A= 0.10M NaCl (aq) Solution B=0.01 M NaCl (aq)
-Solution A=0.20 M KCl (aq) Solution B= 0.20 M NaCl (aq)
-Solution A= 0.10 M NaHCO3 (aq) Solution B= 0.20 M NaHCO3 (aq)
In: Chemistry
In: Economics
C++ language
Using classes (OOD), design a system that will support lending various types of media starting with books. Program should be able to handle a maximum of 500 books. Program should meet at least the following requirements:
1. Define a base media class with a book class derived from it. (Specific class names determined by programmer.)
2. The classes should contain at least the following information: title, up to four authors, ISBN.
3. Define a collection class that will hold up to 500 books.
4. The program should be able to perform the following operations supported by the class definitions:
a) Load data from a drive
b)Sort and display the books by title
c)Sort and display the books by author
d)Add and remove books
Programming requirements: Must include examples of inheritance and composition
~~~Function/Class comments (Description, pre and post conditions)
~~~Internal comments for all functions
In: Computer Science
Find the magnetic field B inside of an infinite cylinder of radius R with uniform current density J
In: Physics
Describe the five most common injuries in the hospitality industry, and how you feel they might be prevented in the future. Your paper must be in APA format, a minimum of 500 words.
In: Anatomy and Physiology