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3 years ago

Until the mid-1700s, the 13 colonies often had diverse histories and economies, which provided ___________.

1 answer:

4 0

Until the mid-1700s, the 13 colonies often had diverse histories and economies, which provided little incentive for them to join together to meet shared goals.
Since these colonies were so different, they didn't have any common cause or a reason to band together so as to achieve such common goals.

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Suppose a -year, bond with annual coupons has a price of and a yield to maturity of . What is the bond's coupon rate? The cou

kari74 [83]

Complete Question:

Suppose a five-year, $1000 bond with annual coupons has a price of $903.35 and a yield to maturity of 5.6%. What is the bond's coupon rate?

Answer:

3.396% Approximately

Explanation:

We can calculate the coupon interest by using the formula given in the attachment.

Now, here we have:

F is the Face value which is $1000

P is the price of the bond which in this case is $903.35

C is the Coupon interest

n are the number of years which is 5 years in this case

Yield to Maturity is 5.6%

By putting the values in the given equation we have:

5.6% = [C + ($1000 - $903.35)/5 years] / [($1000 + $903.35)/2]

5.6% = [C + 19.33] / [951.675]

0.056 * 951.675 = C + 19.33

53.2938 = C + 19.33

C = 53.2938 - 19.33

C = $33.96 approximate estimate.

Now we will find the coupon rate by using the following formula:

Coupon Rate = Coupon Interest / Face Value

By putting values, we have:

Coupon Rate = $33.96 / $1000 = 3.396% Approximately.

Accurate Coupon interest can be calculated using excel. The above answer gives minor difference in decimal points.

6 0

3 years ago

Carrying Amount $120,000 Selling Price $80,000 Costs of Disposal $5,000 Expected Future Cash Flows $90,000 Present Value of expe

frez [133]

Answer:

$35,000

Explanation:

Under IAS 36, an asset is said to be impaired where the carrying amount is more than the recoverable amount.

The recoverable amount is the higher of the fair value less cost to sell or the value in use which is the present value of the expected future cashflow.

Given that;

Carrying Amount = $120,000

Selling Price = $80,000

Costs of Disposal = $5,000

Hence fair value less cost to sell = $80,000 - $5,000 = $75,000

Expected Future Cash Flows = $90,000

Present Value of expected future cash flows = $85,000 ( this is the value in use)

Recoverable amount = $85,000 (since the value in use is higher that the fair value less cost to sell)

This is lower than the carrying amount hence the asset is impaired.

Impairment = $120,000 - $85,000

= $35,000

8 0

3 years ago

What is the future value of your money

GalinKa [24]

Future value is the value of an asset at a specific date. It measures the nominalfuture sum of money that a given sum of money is "worth" at a specified time in thefuture assuming a certain interest rate, or more generally, rate of return; it is the present value multiplied by the accumulation function.

4 0

3 years ago

Read 2 more answers

Splish Company sells a machine for $7,220 with a 12-month warranty agreement that requires the company to replace all defective

storchak [24]

Answer:

Explanation:

Had to use microsoft word in other to be able to arrange the solution properly. And i hope it helps you. Thank you

Download docx

3 0

3 years ago

A ________ pays out cash flows from a collection of assets in different tranches, with the highestminus−rated tranch paying ou

katovenus [111]

A CDO pays out cash flows from a collection of assets in different tranches, with the highestminus−rated tranch paying out first, while lower ones paid out less if there are losses on the underlying assets.
CDO is collateralized debt obligation.It is a type of ABS (asset-backed securities). CDO's are created in tranches and tranches are number of securities offered for a same transaction.

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3 years ago