Excellence in Business Communication (11th Edition)
11th Edition
ISBN: 9780133544176
Author: John V. Thill, Courtland L. Bovee
Publisher: PEARSON
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Chapter 3, Problem 2LOC
Summary Introduction
To determine:
Benefits of a multicultural workforce.
Introduction:
Culture is a combination of symbols, attitudes, values, expectations and social norms that influence behavior unique to a society or a group of people. Combining different cultures together is what is known as a Multicultural approach.
Solution:
D: All of the above.
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An insurance company has liabilities of £7 million due in 10 years' time and
£9 million due in 17 years' time.
The assets of the company consist of two zero-coupon bonds, one paying
£X million in 7 years' time and the other paying £Y million in 20 years' time.
The current interest rate is 6% per annum effective.
Find the nominal value of X (i.e. the amount, IN MILLIONS, that bond X pays
in 7 year's time) such that the first two conditions for Redington's theory of
immunisation are satisfied.
Express your answer to THREE DECIMAL PLACES.
An individual is investing in a market where spot rates and forward rates
apply.
In this market, if at time t=0 he agrees to invest £5.3 for two years, he will
receive £7.4 at time t=2 years. Alternatively, if at time t=0 he agrees to invest
£5.3 at time t=1 for either one year or two years, he will receive £7.5 or £7.3
at times t=2 and t=3, respectively.
Calculate the price per £5,000 nominal that the individual should pay for a
fixed-interest bond bearing annual interest of 6.6% and is redeemable after 3
years at 110%. State your answer at 2 decimal places.
The one-year forward rates of interest, f+, are given by:
.
fo
= 5.06%,
f₁ = 6.38%, and
f2
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Calculate, to 4 decimal places (in percentages), the three-year par yield.
Chapter 3 Solutions
Excellence in Business Communication (11th Edition)
Ch. 3 - Prob. 1CACh. 3 - Prob. 2CACh. 3 - Prob. 1LOCCh. 3 - Prob. 2LOCCh. 3 - Prob. 3LOCCh. 3 - Prob. 4LOCCh. 3 - Prob. 5LOCCh. 3 - Prob. 6LOCCh. 3 - Prob. 7LOCCh. 3 - Prob. 8LOC
Ch. 3 - Prob. 9LOCCh. 3 - Prob. 10LOCCh. 3 - Prob. 11LOCCh. 3 - Prob. 12LOCCh. 3 - Prob. 13LOCCh. 3 - Prob. 14LOCCh. 3 - Prob. 15LOCCh. 3 - Prob. 16LOCCh. 3 - Prob. 17LOCCh. 3 - Prob. 18LOCCh. 3 - Prob. 3.1AYKCh. 3 - Prob. 3.2AYKCh. 3 - Prob. 3.3AYKCh. 3 - Prob. 1PYSMFACh. 3 - Prob. 3.4ECh. 3 - Prob. 3.5ECh. 3 - Prob. 3.6ECh. 3 - Prob. 3.7ECh. 3 - Prob. 3.8ECh. 3 - Prob. 3.9ECh. 3 - Prob. 3.10ECh. 3 - Prob. 3.11ECh. 3 - Prob. 3.12ECh. 3 - Prob. 3.13ECh. 3 - Prob. 1EYSCTPCh. 3 - Prob. 1SYCKO
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