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cricket20 [7]
1 year ago
9

A bond has a par value of $1,000, a market price of $300, and a 9% coupon rate. It will mature in 5 years. What is the current y

ield of the bond?.
Business
1 answer:
ivanzaharov [21]1 year ago
5 0

The current yield of the bond is 30%.

<h3>What is a bond?</h3>
  • A bond is a sort of financial security in which the issuer owes the bearer a debt and is obligated to repay the principle of the bond as well as interest over a specified period of time, depending on the terms.
  • Interest is normally paid at regular intervals.

To calculate the current yield of the bond:

  • Current yield = Annual coupon payment / Bond market price
  • So, 90/300 × 100 = 30%.

Therefore, the current yield of the bond is 30%.

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Answer:

TRUE

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In most households saving and investment are done after meeting the basic expenses. In other words, people will save or invest after meeting their basic needs. Therefore, take home minus total expenses necessary for life is saving and investment

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When might the exchange rate affect you most directly?
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1 contract law

2 Something of value must be exchanged between the parties.

3 civil law

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Natural or Moral Laws: Natural laws are the belief that certain laws of morality are inherent by human nature, reason, or religious belief.

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4 0
1 year ago
As the full-time bookkeeper, your job is to make any corrections to the general ledger accounts. Each correction needs the reaso
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Answer: See explanation

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After the through check, if the person is sure and confident that everything is okay, then the correcting entry can be made.

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Write a short memo to Ms Loki explaining the business performance findings of your statement of cash flow.
UkoKoshka [18]

The memo explaining the business performance findings from the statement of cash flow will entails:

  • address of the receiver
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<h3>What is a statement of cash flow?</h3>

This refers to the financial statement that shows how changes in balance sheet accounts and breaks the analysis down to operating, investing and financing activities.

Hence, the memo will inform Ms Loki about  business performance findings especially on the cash position of the business such as the inflow and outflow of cash from the firm.

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