I’m so confused????? Do you need help on anything???
Answer:
The answer is 12.83%.
Explanation:
We have the below calculations:
- Coupon payment = 1,000 x 9% = $90;
- Purchasing price = $1,000;
- Price sold after 3 years is equal to the present value of 9 annual coupon payments plus face value repayment after 9 years, discounted at YTM at the time of sell at 7%;
=> Price after 3 year = (90/0.07) x ( 1- 1.07^-9) + 1,000/1.07^9 = $1,130.3;
The holding period yield (HPY) is the discount rate that equalizes cash flow from 3 years of holding the bond to its original purchased price:
1,000 = (90/HPY) x [1 - (1+HPY)^-3] + 1,130.3/ (1+HPY)^3 <=> HPY = 12.83%.
The steps involved in Nikita's application for financial aid include the following:
1. Nikita creates an FSA ID.
2. Nikita fills out the FAFSA form online.
3.Nikita rechecks the information she provided and makes a few corrections.
4. Colleges Ask Nikita to verify the information in the FAFSA.
5. In about two weeks Nikita received a document called Student Aid Report.
6. Nikita received financial aid award letters from various colleges.<span />
Answer:
Joe's Diner will to pay $40.3
Explanation:
Using the dividend discount model we can get the price after one year that Joe willing to pay for the corporation share.
As we know
share price = Do + ( 1 + g) / (ke - g)
Do = $3.10
g = 4%
ke = 12%
Using the above formula we can get the price of share that Joe's Diner willing to pay for the purchase of stock after one year.
Share price = $3.10 ( 1+4%) / (12% - 4%)
Share price = $3.224 / 8%
Share price = $ 40.3
Answer:
Total balance in the work-in-process inventory account on September 30th was $ 121000 + $ 110825= $ 231825
Explanation:
Cost per equivalent unit for material = $ 5.50
Equivalent units of materials = 22,000
Cost of Materials = $ 121,000
Cost per equivalent unit for labor and overhead = $ 5.50
Equivalent units of materials = 20,150
Cost of labor and FOH = $ 110825
Total balance in the work-in-process inventory account on September 30th was = Material + Labor + OH= $ 121000 + $ 110825= $ 231825
