Answer: $4,642.37
The price of the bond is $4,642.37
Explanation:
Using the price of bond formula :
C × 1 - (1+r) *-n / r. + F / (1+r)*n
C = coupon rate = 2.9% of 10,000
= $290
n = 24years...... years to maturity
F = $10,000...... Face value/par value
r = yield to maturity = 3.4% = 0.034
Price of bond =
290 × 1–(1+0.034)*-24 /0.034
+ 10,000 / (1.034)*24
290× 1 - (1.034)*-24 / 0.034
+ 10,000 / (1.034)*24
290 × (1 - 0.448236347)
+ 4,482.36347
160.011459 + 4,482.36347
Price = $4,642.37 as the price of bond.
A monopoly is the best example of a company with substantial market power
Answer:
Unsystematic; unsystematic
Explanation:
In the case of the large portfolio, the non-systematic risk that could be attached would have no effect on the total risk of the portfolio
So it is to be expected that the impact should be of non-systematic risk on different kind of stock that could be offset each other in order to remove out the risk to the investor that occurs from the sources of the risk
Small scale business society can nurture entrepreneurial skills in children
Answer:
James and Short LLC
Short's capital account on July 1, 20X1 should be recorded at the fair value of contributed property minus the mortgage liability, which the partnership assumed.
Explanation:
The fair value of contributed property is the current market value of the contributed property by Short. It is the market value that will determine how the contributed property can be valued. The market value assumes that the contributed property is being sold in pieces and not as a whole. This is why the value is considered a fair basis for recognizing the capital contribution of Short into the partnership.