Use the information below to answer the following question(s) .Big Sports University is planning to hold a fund raising banquet at one of the local country clubs.It has two options for the banquet:
1.Foothills Country Club
2.Downhill Country Club
Big Sports has budgeted $900 for administrative and marketing expenses.It plans to hire a band, which will cost another $400.Tickets are expected to be $40 per person.Any other items required for the event will be donated by its local business supporters.
-The break-even point in tickets sold of option two?
Definitions:
Yield To Maturity
The total return anticipated on a bond if the bond is held until it matures.
Duration
A measure of the sensitivity of the price of a bond or other fixed-income investment to changes in interest rates, typically expressed in years.
Basis Points
Basis Points are a unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument, with one basis point being 1/100th of 1%.
Yield To Maturity
The total return anticipated on a bond if it is held until it matures, including all interest payments and repayment of principal.
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