A 4% S/A coupon bond with 4 coupons remaining has a BEY of 8.00%, is mathematically given as
DP=95.696. Option D is correct
<h3>What is the dirty price of this bond?</h3>
Generally, dirty price is simply defined as It's important to note that a "dirty price" is simply a bond pricing quotation that takes into account both the coupon rate and any interest that has already accumulated on the bond.
In conclusion, Dirty price
DP = (Clean price + interest Accrued)
Therefore
DP=0.80*(4%*100/2)+2*(1-(1+4%)^(-3.20))/(4%)+100/(1+4%)^(3.20)
DP=95.696
CQ
A4% S/A coupon bond with 4 coupons remaining has a BEY of 8.00%. You buy the bond a little over a month before you get the first coupon. Specifically, the fraction of the 6-month period that has already elapsed is 0.80.
Calculate the dirty price of this bond.
O 81.370
85.216
93.471
o 95.696
Read more about dirty price
brainly.com/question/14316550
#SPJ1
Answer:
Ending inventory= $5,040
Explanation:
Giving the following information:
Beginning Inventory= 1000 units for $7.20
Mar. 10: Purchase= 600 units for $7.25
Mar. 16: Purchase= 800 units for $7.30
Mar. 23: Purchase= 600 units for $7.35
Marvin sold 2,300 units.
Under the LIFO inventory method, the ending inventory cost is calculated using the first units incorporated to inventory.
Ending inventory in units= total units - units sold
Ending inventory in units= 3,000 - 2,300= 700 units
Ending inventory= 700*7.2= $5,040
Answer:
Violate Establishment of responsibility
Explanation:
Establishment of responsibility is an characteristic of control such as internal related methods,measures adopted within an organization to safeguard assets and enhance the reliability of accountability, increase efficiency of operations,etc and which is used for assigning of responsibility to an individuals i.e when only ONE person is responsible for a given task.
Bellswood Jewelers makes used of the principle of establishment of responsibility in it operations.
The salesperson who sees another salesperson’s ID card lying unattended in the break room, and then make uses of the card to enter the vault and steal jewelry worth $36,840 had violated the establishment of responsibility of Bellswood
Answer:
The subsidiary reports cost of goods sold at A. $660,000.
Explanation:
Cost of goods sold is the direct cost of producing or purchasing the goods sold by a business. The formula for cost of goods sold is as follows:
Cost of goods sold = Opening inventory + Purchases - Closing inventory
The subsidiary calculates its cost of goods sold as follows.
Opening inventory $120,000
Add: Purchases $720,000
Less: Closing inventory ($180,000)
Cost of goods sold $660,000
Therefore, the correct option is A. $660,000.
