1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
posledela
1 year ago
9

Uan zhang bought a 10-year bond that pays 8.25 percent semiannually for $911.10. what is the yield to maturity on this bond?

Business
1 answer:
IceJOKER [234]1 year ago
6 0

Using the trial-and-error method, this bond's yield to maturity is 9.66 percent.

<h3></h3><h3>What do bonds do?</h3>

An IOU-like debt security called a bond. Bonds are issued by borrowers to attract capital from investors ready to extend a loan to them for a specific period of time. When you purchase a bond, you are making a loan to the issuer, which could be a corporate, government, or municipality. Bonds are fixed-income securities that reflect loans from investors to borrowers (typically corporate or governmental).

As stated in the assertion

We have stated that Uan zhang purchased a 10-year bond with a 6.5% interest rate.

We also need to determine this bond's yield to maturity.

In order to achieve this,

There is a donation of $911 10.

n = 10 years until maturity

Rate of interest = C = 8.25%

Semi-annual coupon: $1,000 divided by 0.0825/two equals $41.25.

I = yield to maturity

Bond present value = PB = $911.10

To find YTM, use the trial-and-error method. We can infer that the yield to maturity is greater than the coupon rate because the bond is being sold at a discount.

YTM = 9.4%

= $522.90 + 391.54 ≅ $914.43

About 9.66 percent of the YTM is present.

  • Calculating the exact YTM using a financial calculator yielded a result of 9.656 percent (2 4.828%).
  • So, using the trial-and-error method, this bond's yield to maturity is 9.66 percent.

To learn more about the sum, refer to:

brainly.com/question/17695139

#SPJ4

You might be interested in
The worst possible consequence of conflict is ______.
Afina-wow [57]
Violence is the worst possible consequence of conflict.
hope this helps!
6 0
3 years ago
Read 2 more answers
Tablet Tailors sells tablet PCs combined with Internet service, which permits the tablet to connect to the Internet anywhere and
Mrac [35]

Answer:

Please find solutions in the attached images

Explanation:

I have attached images of my journal entry solutions to this question as required.

5 0
4 years ago
A couple is considering what project they should do next to improve the value of their house. Based on the table above, which of
murzikaleks [220]

Answer:

B. Enclose back porch

Explanation:

7 0
3 years ago
if an organization (school, campus, or house of worship) wishes to prepare and plan for mass casualty incidents, an effective ap
Brilliant_brown [7]

An organization (school, campus, or house of worship) wishes to prepare and plan for mass casualty incidents. Work with community partners to create a plan that includes protective actions to reduce vulnerabilities, response actions to minimize negative consequences, and post incident actions to promote community recovery. Hence, Option A is correct.

<h3>What are community partners?</h3>

Community partners are those who work in partnership towards the completion of the same goal. They work with the relationship in which a worker forms a relationship with another service provider.

It is a kind of informal support that a person gets from family, friends, co-workers, and many more. If it is a formal agreement, then it is between two agencies that share the same client.

Thus,  Option A is correct.

Learn more about community partners from here:

brainly.com/question/15083204

#SPJ4

The complete question is attaché in text form:

Situation: An organization (school, campus, or house of worship) wishes to prepare and plan for mass casualty incidents. Select the most effective approach from the options below:

A. Work with community partners to create a plan that includes protective actions to reduce vulnerabilities, response actions to minimize negative consequences, and post incident actions to promote community recovery.

B. Use an existing plan from a comparable organization in another district or state, being careful to select an organization that has experienced a mass casualty incident in the past.

C. Rely on internal staff to create a plan for protecting the organization from attacks, and then present the finished plan to local officials and response agencies for approval.

D. Request law enforcement personnel to develop a separate plan for mass casualty incidents for the organization.

8 0
2 years ago
[The following information applies to the questions displayed below.] Tracy Company, a manufacturer of air conditioners, sold 19
Juli2301 [7.4K]

Answer:

November 17, 2021

Merchandise : air conditioners $45,600 (debit)

Accounts Payable $45,600 (credit)

November 26, 2021

Accounts Payable $45,600 (credit)

Discount Received $1,824 (credit)

Cash $43,776 (credit)

December 15, 2021

Accounts Payable $45,600 (credit)

Cash $45,600 (credit)

Explanation:

November 17, 2021

Merchandise : air conditioners $45,600 (debit)

Accounts Payable $45,600 (credit)

Recognize the Merchandise and Accounts payable at the Purchase Price less trade discount. 190 units × $300 × 80% = $45,600

November 26, 2021

Accounts Payable $45,600 (credit)

Discount Received $1,824 (credit)

Cash $43,776 (credit)

Payment is made within the discount period of 10 days and thus Thomas Company is eligible for a cash discount of 4%. Thomas Company will pay the amount owing less the 4% cash discount. $45,600 × 96% = $43,776.

December 15, 2021

Accounts Payable $45,600 (credit)

Cash $45,600 (credit)

Payment is made out of the discount period of 10 days and thus Thomas Company is  not eligible for the cash discount. Thomas Company will pay the full amount owing of $45,600.

3 0
3 years ago
Other questions:
  • Which of the following, if true, would illustrate why price indexes such as the CSPI might overstate inflation in the cost of go
    7·1 answer
  • There is a provincial construction supervisor who gets to hire all of the housing inspectors.
    6·1 answer
  • The information provided by financial reporting pertains to A. individual business enterprises, industries, and an economy as a
    12·1 answer
  • The value of an investment increases by x% during January and decreases by y% during February. If the value of the investment is
    7·1 answer
  • A Roth IRA and a Tax Deferred investment plan are just two of many ways you can invest into for your retirement. If you wanted t
    14·2 answers
  • Why do you think most of the jobs in the United States and Canada are service jobs?
    10·1 answer
  • ANYONE DOWN TO VIBE WITH MW ON SNAP ILL ADD BACK!!!!
    12·2 answers
  • Because chains are so important in the lodging sector, there's little room for smaller companies like bed-and-breakfasts. true f
    5·1 answer
  • In the context of the elements of scientific management, time and motion studies focus on: group of answer choices designing dif
    7·1 answer
  • Working all together at the same time, Martha, Susanne and Tammy complete 28 jobs in 2 hours. Tammy works twice as fast as Marth
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!