Answer:
option (C) - 6.11%
Explanation:
Data provided :
Coupon rate one year ago = 6.5% = 0.065
Semiannual coupon rate = 
= 0.0325
Face value = $1,000
Present market yield = 7.2% = 0.072
Semiannual Present market yield, r = 
= 0.036
Now,
With semiannual coupon rate bond price one year ago, C
= 0.0325 × $1,000
= $32.5
Total period in 15 years = 15 year - 1 year = 14 year
or
n = 14 × 2 = 28 semiannual periods
Therefore,
The present value = ![C\times[\frac{(1-(1+r)^{-n})}{r}]+FV(1+r)^{-n}](https://tex.z-dn.net/?f=C%5Ctimes%5B%5Cfrac%7B%281-%281%2Br%29%5E%7B-n%7D%29%7D%7Br%7D%5D%2BFV%281%2Br%29%5E%7B-n%7D)
= ![\$32.5\times[\frac{(1-(1+0.036)^{-28})}{0.036}]+\$1,000\times(1+0.036)^{-28}](https://tex.z-dn.net/?f=%5C%2432.5%5Ctimes%5B%5Cfrac%7B%281-%281%2B0.036%29%5E%7B-28%7D%29%7D%7B0.036%7D%5D%2B%5C%241%2C000%5Ctimes%281%2B0.036%29%5E%7B-28%7D)
or
= $32.5 × 17.4591 + $1,000 × 0.37147
= $567.42 + $371.47
= $938.89
Hence,
The percent change in bond price = 
= 
= - 6.11%
therefore,
the correct answer is option (C) - 6.11%
Answer:
You open up too easily
Explanation:
Keep your guard up and stop trusting everyone on brainly
Answer:
Luke's net tax due or refund is $2,900
Explanation:
In order to calculate Luke's net tax due or refund we would have to make the following calculation:
Luke's net tax due or refund=Luke's non refundable credit+income taxes withheld from his salary
Luke's non refundable credit=non refundable personal tax credit-gross tax liability
Luke's non refundable credit=$2,400-$1,800
Luke's non refundable credit=$600
Therefore, Luke's net tax due or refund=$600+$2,300
Luke's net tax due or refund=$2,900
Luke's net tax due or refund is $2,900
Answer:
(a) $200,100
(b) $200,100
Explanation:
The movement in the accounts receivable balance at the start and end of an accounting period is due to cash payments, additional credit sales, and any amount written off during the period.
This may be expressed mathematically as
opening balance + sales - cash collected - amount written off = closing balance
$35,100 + $361,800 - cash collected = $196,800
Cash collected = $35,100 + $361,800 - $196,800
= $200,100
