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cbelew0001ouje4i
19.07.2021 •
Business
A municipality is issuing 40,000 bonds at a public offering price of $1,000. The manager of the underwriting syndicate receives $1.50 per bond. The total takedown is $6.50 per bond and the selling concession is $4.00 per bond. Assume the entire issue is sold with the selling group distributing 20,000 of the bonds sold. Calculate the amount of compensation the syndicate will receive for its risk on selling group sales
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Ответ:
$50,00
Explanation:
Calculation to determine the amount of compensation the syndicate will receive for their risk on selling group sales.
First step is to determine the Amount receive per bond for their risk.
Using this formula
Amount receive=Total takedown -Selling concession
Let plug in the formula
Amount receive=$6.50 -$4.00
Amount receive=$2.50
Now let determine the amount of compensation the syndicate will receive for their risk
Compensation received =$2.50*20,000 bonds
Compensation received= $50,000
Therefore the amount of compensation the syndicate will receive for their risk on selling group sales is $50,000
Ответ:
0.4
None of the above
Explanation:
Given the distribution :
c ___$0 ___ $1000 $4000 ___ $10000
P(c) _0.6 0.05 0.13 0.22
Probability of atleast $1000 :
P(x ≥ 1000) : P(x = 1000) + P(x = 4000) + P(x = 10000)
P(x ≥ 1000) = 0.05 + 0.13 + 0.22
P(x ≥ 1000) = 0.4