Answer:
The annual bond rate of interest = 9.8%
Explanation:
<u>A</u> denotes the annual coupon:
750.08 = A(P/A, 16%, 7) + (⁷
Annuity factor at 16% at 7 years = 4.039 (By cumulative present value table)
750.08 = 4.039 A + 353.83
4.039 A = 396.25
A = (396.25 ÷ 4.039)
A = 98.11
<u>Calculating annual bond rate:</u>
r = (98.11 ÷ 1,000) × 100
r = 9.811%
The annual bond rate being rounded off is 9.8% (answer).
Answer:
The offer price is $ 11.21.
Explanation:
Given that Fidelity Investments is selling a real estate income mutual fund for $ 10.94 per share, and the fund charges a load of 2.5%, the following calculation must be performed to determine what is the offer price:
10.94 x 1.025 = X
11.2135 = X
Therefore, the offer price is $ 11.21.
Answer:
d. $970.36
Explanation:
The market price of the bond (Pv) can be calculated as follows :
Pmt = ($1,000 × 6.5%) ÷ 2 = $32.50
P/yr = 2
i = 6.99%
n = 8 × 2 = 16
Fv = $1,000
Pv = ?
Using a Financial calculator to enter the values as above, the market price of the bond (Pv) is $970.3583 or $970.36.
Answer:
"a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates."
Q:Takes a firm stand on the program of the administration and publicized its views
A: Loyal Opposition