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Paha777 [63]
2 years ago
8

A company issues a callable (at par) ten-year, 6% coupon bond with annual coupon payments. The bond can be called at par in one

year after release or any time after that on a coupon payment date. On release, it has a price of $104 per $100 of face value. What is the yield to maturity of this bond when it is released? A) 0.60% B) 1.92% C) 4.00% D) 5.47%

Business
1 answer:
g100num [7]2 years ago
7 0

Answer:

B) 1.92%

Explanation:

For computing the yield to maturity we need to apply the RATE formula i.e to be shown in the attachment

Given that,  

Present value = $104

Future value or Face value = $100

PMT = $100 × 6% = $6

NPER = 1

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative        

After applying the above formula, the yield to maturity is 1.92%  

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Lowballing

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Peter Lynchpin wants to sell you an investment contract that pays equal $22,500 amounts at the end of each of the next 20 years.
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Answer:

The amount to be paid for the contract today = $220,908.32

Explanation:

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7 0
3 years ago
Question #2
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the answer is B.

Explanation:

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3 years ago
Carlos has applied for a project manager position, but he is sight impaired to a serious degree from a childhood illness. He mus
soldier1979 [14.2K]

a. Yes, but only if the service dog is an undue hardship for AMPCO

b. Yes, the ADA applies only once someone is an employee (not in the hiring stage)

c. Yes, because Carlos cannot perform the essential functions of his position

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e. No, because that would be a violation of Title VII

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