Answer:
The answer is 6.95%
Explanation:
We are looking for Yield-to-maturity (YTM). YTM can also be called rate of return or discount rate.
Note: The 15 -year bond was bought 2 years ago, meaning it remains 13 years
N(Number of periods) = 26 years ( 13years x 2)
I/Y(Yield to maturity) = ?
PV(present value or market price) = $103
PMT( coupon payment) = $3.65( [(7.3percent ÷ 2)x $100)]
FV( Future value or par value) = $100
We are using a Financial calculator for this.
N= 26; PMT = 3.65; FV= $100; CPT PV= -103, CPT I/Y
I/Y = 3.47.
3.47% is for semiannual rate
Therefore, annual rate is 6.95% (3.47% x 2)
Answer:
Sole proprietorship
Explanation:
Sole proprietorship, general partnership or limited partnership
<u>Answer: </u>Yes, due to the action taken by the government it makes it difficult to perform under the contract.
<u>Explanation:</u>
When the contract was signed by Putnam corporation and the pharmacies it was legal and valid contract. Due to the after effects of the pills sold by the pharmacies Food and Drug Administration has passed new regulations that the drug sold is illegal. The contract should also abide by the regulations passed by government authorities.
So the contract between the pharmacy and Putnam becomes void. The pharmacy chain is out of the contract and need not sell the drugs which are addictive and which has caused few deaths.
Answer:
<em>The entries are prepared in a tabular form in the explanation section below</em>
Explanation:
<em>From the example, the first step to take is to prepare he entries, if any, on each of the three dates that involved dividends.</em>
<em>Date Account titles and explanation Debit Credit</em>
<em>June 15 Cash Dividends $119,760 </em>
<em> Dividends Payable $119,760</em>
<em>July 10 Dividends Payable $119,760</em>
<em> Cash $119,760</em>
<em>Dec. 15 Cash Dividends $161,300</em>
<em> Dividends Payable $161,300</em>
Answer: B. Address the concerns of all members of the buying center with particular attention to the decision maker.
Explanation:
If a person is making an attempt to sell the Markham publishing, then he/she has to take into consideration all the possible factors that maybe able to affect each person in the buying center, but the factors affecting the decision maker should be given special consideration.
Thus, Address the concerns of all members of the buying center with particular attention to the decision maker.
