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MrRissso [65]
4 years ago
9

A $1,000 face value bond currently has a yield to maturity of 6.69 percent. The bond matures in 3 years and pays interest annual

ly. The coupon rate is 7 percent. What is the current price of this bond?
Business
1 answer:
algol [13]4 years ago
6 0

Answer:

$1,008.18

Explanation:

Using a financial calculator, you can calculate the price of this bond with the following inputs;

Maturity of the bond; N= 3

Face value ; FV = 1000

Annual coupon payment; PMT = 7% *1000 = 70

Yield to maturity ; I/Y = 6.69%

then compute the Price;  CPT PV = 1,008.182

Therefore, the current price is $1,008.18

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Beckingham Sports is an American sporting goods company. Based on $400,000 spent on market research and $600,000 spent on consul
Cerrena [4.2K]

Answer:

The correct answer is E)

Explanation:

Capital budgeting is an accounting method that corporations use to decide which planned acquisitions of fixed assets will be approved and which should be refused.

Some examples of Capital Expenditures include:

  1. Construction of an additional building
  2. Procurement of delivery vehicles
  3. Procurement of new equipment
  4. Rehabilitation of existing equipment

If one of the criteria for classification under Capital Expenditure is that it must be in the plan, then none of the above items mentioned in the question will fly.

Monies have already been expended on the options A, B, and C.

Option D is an offer to purchase an existing asset, not a planned investment. Therefore it also does not qualify.

Hence the correct answer is E.

Cheers!

3 0
3 years ago
Green and yellow are adjacent on the color wheel; what does this mean?
matrenka [14]

Answer:

analogous

Explanation:

both green and yellow are a part of analogous

5 0
3 years ago
PLZZZZZ HELP!! 20 POINTS!!
Sphinxa [80]

Answer:

i say B or D

Explanation:

out of all of them, the most reasonable would be the money you make from the partnership.

7 0
3 years ago
Arguing that globalization is ultimately driven by joint gains from mutually beneficial trade is an argument from which perspect
Fofino [41]

Arguing that globalization is ultimately driven by joint gains from mutually beneficial trade is an argument from <u>the liberal perspective.</u>

<h3><u>What does the liberal viewpoint entail?</u></h3>

Liberal beliefs regarding the nature and purpose of law are centered on defending individual freedom. Liberals, following John Stuart Mill, argue against enforcing morality on the grounds that the use of coercion or control is not justified by society's conception of what is ethically appropriate. According to the liberal perspective, acts that damage or wrong people but to which they consent—often referred to as victimless crimes—are not properly criminalized. Thus, for a liberal, the border between the sex that ought to be criminalized and sex that shouldn't is the line between uninvited sex and sex that ought to be allowed.

Learn more about the liberal perspective with the help of the given link:

brainly.com/question/14581558

#SPJ4

7 0
2 years ago
The manager of the bank where you work tells you that the bank has $300 million in deposits and $255 million dollars in loans. I
tigry1 [53]

Answer:

The bank is holding $19.5 million in excess reserves.

Explanation:

If the bank has $300 million is deposits and the reserve ratio is 8.5% then the bank needs to have minimum reserves of 8.5% of 300 million so the minimum reserves are 0.085*300 million = 25.5 million

How ever the actual reserves of the bank is the difference between deposits and loans. The deposits are 300 million and loans are 255 million so the actual reserves are 300 million-255 million= $45 million

Excess reserves is the difference between the actual reserves and the minimum reserves so 45 million - 25.5 million = 19.5 million.

4 0
3 years ago
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