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Sphinxa [80]
2 years ago
8

Gabriele Enterprises has bonds on the market making annual payments, with 10 years to maturity, a par value of $1,000, and selli

ng for $890. At this price, the bonds yield 7.7 percent. What must the coupon rate be on the bonds
Business
1 answer:
Vlad1618 [11]2 years ago
6 0

The coupon rate is 4.29%.

           

FV = 1000          

PMT  =  ?          

N  = 8          

I   = 5.10%          

PV =  -948          

           

Inputting the above details on the calculator you can find PMT

$42.92 PMT(5.1%,8,-948,1000)      

           

Alternatively, the PMT function in excel can also be used  

           

Coupon Rate = 42.92/1000  

= 4.29%    

                       

This gives you a coupon rate of 4.29%

Learn more about PMT here: brainly.com/question/24703884

#SPJ4

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in a split offering, a) shares are issued from the corporation and sold by existing shareholders. b) all shares are issued to th
melisa1 [442]

In a split offering, we see that a) shares are issued from the corporation and sold by existing shareholders.

<h3>What is a split offering?</h3>

A split offering is a type of stock issuance that involves the issuing of new stock and existing stock that it is in the market already. This is why it is called a split offering - one side of the offering comes from the corporation, and the other comes from the existing shareholders.

With a split offering, the seller will be existing shareholders and not the company. This means that the corporation that issues the shares, will then cooperate with existing shareholders who will then be the ones to sell the shares.

Find out more on stock offerings at brainly.com/question/13049425.

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4 0
1 year ago
In a freehold estate what describes when the ownership includes all immovable structures attached to the land such as buildings,
Fudgin [204]

There are different kinds of estate. In a freehold estate immobility describes when the ownership includes all immovable structures attached to the land such as buildings, trees, and underground resources.

Freehold estates is known to be made up of 2 components. They are:

  • immobility: This is simply the ownership of all immovable structures that is attached to land.

  • An indefinite ending: This is known to stay or exist for a lifetime.

Freehold estates are simply known to be a type of estates that has indefinite lifetime and it can exist for a lifetime or forever.

Learn more about freehold estate from

brainly.com/question/6897466

5 0
3 years ago
Erin works for a dry-cleaning company that has a contract with the U.S. government. To save on cleaning fluid, her boss orders h
Karo-lina-s [1.5K]

Answer:

A) is not protected by the whistleblower statute because she failed to inform the proper party of the contract violation.

Explanation:

A whistleblower is someone who exposes illegal or unethical activities carried on by public or private organizations including government entities, businesses, other non-profit organizations, etc.

Gossiping about what happens in an organization is not exposing their wrongful activities, in order for an individual to be considered a whistleblower, he/she must inform the illegal or unethical activities to the public authorities.

8 0
3 years ago
A company has already incurred $8,400 of costs in producing 6,600 units of Product XY. Product XY can be sold as is for $26 per
olga nikolaevna [1]

Answer

The company should sell XY as it is because processing it further would reduce its income by $(33,000)

Explanation

<em>A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost. </em>

Product A                                                                $

Additional revenue ( 31 -26)×  6,600               33,000

Further processing cost (10×  6600)             <u> ( 66,000)</u>

Loss from further processing (100)               <u>(33,000)</u>

7 0
3 years ago
Hello. My name is Eric! I'm looking for some advice on what type of investments to consider. I'm 53, my kids are through college
lukranit [14]

Answer:

donate it to a charity.

Explanation:

6 0
3 years ago
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