microbook_3e-page94

microbook_3e-page94 - SRUWIROLR DOORFDWLRQ 1RZ OHW¶V...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: SRUWIROLR DOORFDWLRQ 1RZ OHW¶V GLVFXVV D VLPSOH WKHRU\ RI RSWLPDO DOORFDWLRQ RI DVVHWV LQ D SRUWIROLR 6XFK WKHRULHV VWDWH WKDW WKH UHWXUQV RQ DVVHWV RI HTXDO ULVN VKRXOG EH HTXDO DW WKH PDUJLQ WR PD[LPL]H SURILW ,¶P JRLQJ WR GLVFXVV VWRFNV EXW WR NHHS WKLQJV VLPSOH OHW¶V DVVXPH WKDW WKH VKDUH SULFH UHPDLQV FRQVWDQW DW  7KH VKDUH SULFH QHYHU JRHV XS DQG LW QHYHU JRHV GRZQ 7KH RQO\ UHDVRQ ZK\ \RX ZRXOG EX\ VXFK D VWRFN LV LI LW SDLG D GLYLGHQG HDFK \HDU ,¶P JRLQJ WR DVVXPH WKDW WKH GLYLGHQG LV VHW DW D FRQVWDQW SHUFHQWDJH RI WKH VKDUH SULFH DQG FDOO LW ³WKH UHWXUQ´ 6R OHW¶V VD\ \RX¶UH WDONLQJ ZLWK \RXU EURNHU DERXW WZR GLIIHUHQW VWRFNV WKDW DUH HTXDOO\ ULVN\ 2QH KDV D UHWXUQ RI  SHUFHQW SHU \HDU DQG WKH RWKHU KDV D UHWXUQ RI  SHUFHQW D \HDU :KLFK VWRFN ZRXOG \RX EX\" 7KH RQH ZLWK WKH KLJKHU UHWXUQ ULJKW" <RX¶G EH IRROLVK LI \RX GLGQ¶W 1RZ OHW¶V VD\ \RX KDG WR SD\ D WD[ RI  SHUFHQW RQ WKH UHWXUQ WR WKH VWRFN ZLWK D  SHUFHQW UHWXUQ EXW QR WD[ RQ WKH VWRFN ZLWK D  SHUFHQW UHWXUQ :KLFK VWRFN ZRXOG \RX EX\" 1HW RI WD[HV ERWK VWRFNV QRZ KDYH WKH VDPH UHWXUQ VR \RX¶G EX\ D OLWWOH RI HDFK 7KDW ZDV VLPSOH ULJKW" $V DQ LQWURGXFWLRQ WR )HOGVWHLQ¶V DUWLFOH ,¶P JRLQJ WR FKDQJH WKH H[DPSOH DQG LQWURGXFH D FRQFHSW WKDW , ZLOO UHIHU WR ODWHU DV ³FRPSOHPHQWDULW\´ /HW¶V VD\ RQH VWRFN KDV D  SHUFHQW UHWXUQ DQG WKH RWKHU KDV D  SHUFHQW UHWXUQ EXW WKLV WLPH DVVXPH WKDW IRU HYHU\ VKDUH RI VWRFN ZLWK D KLJK UHWXUQ WKDW \RX SXUFKDVH \RX 0867 DOVR EX\ RQH VKDUH ZLWK D ORZ UHWXUQ 7KH VWRFNV DUH ³FRPSOHPHQWV´ ,I \RX ERXJKW  VKDUHV RI HDFK VWRFN DW  HDFK  WKHQ \RX¶G UHFHLYH  IURP WKH VWRFN ZLWK D  SHUFHQW UHWXUQ DQG  IURP WKH VWRFN ZLWK D  SHUFHQW UHWXUQ $W WKH HQG RI WKH \HDU \RX¶G EH  ULFKHU $V EHIRUH OHW¶V VD\ \RX KDG WR SD\ D WD[ RI  SHUFHQW RQ WKH UHWXUQ WR WKH VWRFN ZLWK D  SHUFHQW UHWXUQ EXW QR WD[ RQ WKH VWRFN ZLWK D  SHUFHQW UHWXUQ 6R QHW RI WD[HV \RX¶G UHFHLYH  IURP HDFK VWRFN DQG DW WKH HQG RI WKH \HDU \RX ZRXOG EH  ULFKHU 7KH VWRU\ GRHVQ¶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± H[DFWO\ WKH VDPH DV LI \RX RQO\ SDLG D WD[ RI  SHUFHQW RQ WKH UHWXUQ WR WKH VWRFN ZLWK D  SHUFHQW UHWXUQ  Page 94 ...
View Full Document

Ask a homework question - tutors are online