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1 year ago

under a - or lump-sum, agreement, the contractor agrees to perform all work specified in the contract at a known cost.

1 answer:

7 0

A "stipulated sum contract," commonly referred to as a lump sum contract, is a construction contract where the contractor consents to finish the project for a predefined, fixed amount.

<h3>What its means contract?</h3>

The simplest definition of something like a contract is a commitment that is legally binding. The commitment could be to carry out or abstain from a certain action. A contract must be made by two or more parties who must agree to it, with one of them typically presenting an offer and the other accepting it.

<h3>What are contracts in law?</h3>

A contract is an agreement that is legally binding; I A contract is an agreement that is legally binding at one or both of the parties' discretion but not at the discretion of the other party or parties.

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Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 19 percent annual interest. The current yield to maturity

Umnica [9.8K]

The question is incomplete as the maturity dates are missing. The complete question is as follows,

Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 19 percent annual interest. The current yield to maturity on such bonds in the market is 11 percent. Compute the price of the bonds for these maturity dates:

a. 40 years

b. 17 years

c. 8 years

(Do not round intermediate calculations. Round your final answers to 2 decimal places. Assume interest payments are annual.)

Answer:

Bond Price = $1716.084065 rounded off to $1716.08

Bond Price = $1603.90355 rounded off to $1603.90

Bond Price = $1411.68982 rounded off to $1411.69

Explanation:

To calculate the quote/price of the bond today, which is the present value of the bond, we will use the formula for the price of the bond. As the bond is an annual bond, we will use the annual coupon payment, number of periods and annual YTM. The formula to calculate the price of the bonds today is attached.

<u>a. 40 Years </u>

Coupon Payment (C) = 1000 * 0.19 = $190

Total periods remaining (n) = 40

r or YTM = 0.11 or 11%

Bond Price = 190 * [( 1 - (1+0.11)^-40) / 0.11] + 1000 / (1+0.11)^40

Bond Price = $1716.084065 rounded off to $1716.08

<u>b. 17 Years </u>

Coupon Payment (C) = 1000 * 0.19 = $190

Total periods remaining (n) = 17

r or YTM = 0.11 or 11%

Bond Price = 190 * [( 1 - (1+0.11)^-17) / 0.11] + 1000 / (1+0.11)^17

Bond Price = $1603.90355 rounded off to $1603.90

<u>c. 8 Years </u>

Coupon Payment (C) = 1000 * 0.19 = $190

Total periods remaining (n) = 8

r or YTM = 0.11 or 11%

Bond Price = 190 * [( 1 - (1+0.11)^-8) / 0.11] + 1000 / (1+0.11)^8

Bond Price = $1411.68982 rounded off to $1411.69

8 0

3 years ago

Marcia believes that people have an internal set of conditions that are largely responsible for determining their actions in lif

AleksandrR [38]

Answer:

This is psychologically a trait.

Explanation:

The reason is that in psychology, trait means a character that has an influence on the person behavior. This character varies from person to person. We can see that the some people who study from Harvard were also the fraudster (Enron Company Collapse). So this not a blame to Harvard University. What I am trying to say is that gaming people was in their character and that Harvard don't encourages unethical actions. This is in the character of the people and this is trait that these characters influence the person behavior and he takes actions which are based on this character.

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3 years ago

Which of the following is not a characteristic of a cafeteria?

ehidna [41]

Answer:

The last option

Explanation:

In cafeterias you don't get an unlimited amount of what you want. Sometimes you don't even get what you want.

8 0

3 years ago

What is an allocation of scarce resources using some method other than price a. Rationing c. Spillover Costs b. Supply Shock d.

Lerok [7]

The answer for this question would be A) Rationing or the first option.

4 0

3 years ago

Read 2 more answers

Paul wants to invest a sum of money today that will accumulate to $50,000 at the end of 4 years. Assuming he can earn an interes

aleksandr82 [10.1K]

Answer:

He must invest $36,751

Explanation:

Future value is the sum of value of principal invested and compounded return received over the investment period.

Using following formula of future value to calculate the required interest rate.

FV = PV x ( 1 + r )^n

FV = Future value = $50,000

n = number of years = 4 years

r = Interest rate = 8%

PV = Present value = ?

$50,000 = PV x ( 1 + 8% )^4

$50,000 = PV x ( 1 + 0.08 )^4

$50,000 = PV x ( 1.08 )^4

$50,000 = PV x 1.3605

PV = $50,000 / 1.3605

PV = $36,751.19

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4 years ago