How would you represent consumer preferences for frozen foods as dummy variables if the respondents were classified as heavy, medium, light, nonusers?
What will be an ideal response?
Product Usage Category Dummy Variable Code
X1 X2 X3
Nonusers 1 0 0
Light users 0 1 0
Medium users 0 0 1
Heavy users 0 0 0
Note that X1 = 1 for nonusers and 0 for all others. Likewise, X2 = 1 for light users and 0 for all others, and X3 = 1 for medium users and 0 for all others. In analyzing data, X1, X21, and X3 are used to represent all user/nonuser groups. The student may choose to alternate which product category is X1, X2, or X3. This is acceptable as long as one of the four categories is coded as all zeros.
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On September 1, 2012, Al buys a bond for $15,000 that makes coupon payments of $750 after each of the following three years and returns its principal of $15,000 at the end of the three years. In other words, it is a standard coupon bond with a 5 percent annual interest rate making payments once each year.On September 1, 2013, Al receives his first coupon payment of $750. At that time, the market interest rate on bonds like Al's has risen to 6 percent. Al sells his bond to Biff at that time, for a price equal to the present value of the bond's payments.
a.How much does Biff pay Al for the bond? b.Calculate Al's current yield, capital-gains yield, and total return for the year.On September 1, 2014, Biff receives a coupon payment of $750. The market interest rate on bonds like his remains 6 percent. Biff sells his bond to Cass at that time, for a price equal to the present value of the bond's payments. c.How much does Cass pay Biff for the bond? d.Calculate Biff's current yield, capital-gains yield, and total return for the year.On September 1, 2015, Cass receives a coupon payment of $750 and the principal of $15,000. Over the course of the year (between September 1, 2014, and September 1, 2015), the market interest rate on bonds like his rose to 7 percent. But Cass decided to keep the bond. e.What is Cass's total return for the year?Explain and show all your work for each part.
Discuss six approaches that are used by companies now to stimulate innovation
What will be an ideal response?
Lena uses certain principles, rules, and values such as honesty, compassion, and integrity in her daily life to determine what is right or wrong. Thus, Lena uses ________ when making decisions.
A. moral right B. business ethics C. egoism D. autocracy E. moral philosophy
Carl, Anne, and Al were friends in college. After graduation they decided to open a company
that sells computer printer ribbons and cartridges. They each have $20,000 to put into the business, and want equal shares of the business. They are not worried about liability because they are not actually going to work on printers or going to work in their customer's place of business. They also want to avoid double taxation. The most likely form of business organization for them would be a A) limited partnership. B) partnership. C) Subchapter S corporation. D) corporation. E) sole proprietorship.