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Write a product recall letter.You have received two reports that users of your ten-stitch portable sewing machine, Sew-Now, have been injured when the needle broke off while sewing. One person was sewing lined denim, and the other was sewing drapery fabric-neither of which should have been used on this small machine. Fortunately, neither injury was serious. Although your firm accepts no responsibility for these injuries, you decide to recall all Sew-Now machines to have a stronger needle installed.
Owners should take their machines to the store where they purchased them. These stores have been notified and already have a supply of the replacement needles. The needle can be replaced while the customer waits. Alternatively, users can ship their machines to you prepaid.
Other than shipping, there is no cost to the user.
Prepare a letter that will go out to the 1,750 Sew-Now purchasers. Customers can call your toll-free number if they have questions.
1.Consider a 11 month forward contract on an asset that is expected to provide an income equal to1 % of the asset price once every 1 months. The risk-free rate of interest with continuous compounding is 9 % per annum. The initial asset price is $ ..
interest rate varied in different maturities of bond because whether you have a good yield is depending on the type of
Felix is a property claims adjustor for a large property insurer. Janet is a policyholder who recently notified the company that the roof of her home incurred substantial damage because of a recent hail storm.
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snyder computer chips inc. is experiencing a period of rapid growth. earnings and dividends are expected to grow at a
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1. A small high-speed commercial centrifuge has the following net cash flows and abandonment values over its useful life (see Table P9-15, p. 439).
On January 8, 2016, a bank wants to lock in the 3-month interest rate starting on June 20, 2017. The investor buys June2017 Eurodollar futures contracts at 98.36. What is the interest rate that the investor locked in? (margin of error: +/- 0.01%)
How low would the yield to maturity on the new bonds have to be for it to be profitable to call the bonds today, i.e., what is the nominal annual "breakeven rate"?
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