kentucky licensee giana manages three star realty’s main office. she’s in charge of training and mentoring the firm’s staff. wha
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The residual income for the Division A of Magnolia Company for an income from operations of $80,000 will be $32,000.
<h3>What is residual income?</h3>Residual Income is the total of total income from operations less the minimum acceptable rate of return on the deployed assets for such operations over a financial period.
Using the above information, it can be ascertained that the residual income will be,
Hence, the residual income will be as computed above.
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Answer:
value of the bond = $2,033.33
Explanation:
We know,
Value of the bond,
Here,
Face value of par value, FV = $2,000
Coupon payment, I = Face value or Par value × coupon rate
Coupon payment, I = $2,000 × 6.04%
Coupon payment, I = $128
yield to maturity, i = 6.1% = 0.061
number of years, n = 15
Therefore, putting the value in the formula, we can get,
or,
or,
or,
or, $711.9738 + 1,321.3635
Therefore, value of the bond = $2,033.33