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Ivenika [448]
2 years ago
14

You purchase a bond with an invoice price of $1,080. The bond has a coupon rate of 9.6 percent, semiannual coupons, and a par va

lue of $1,000, and there are five months to the next coupon date. What is the clean price of the bond?
Business
1 answer:
zhuklara [117]2 years ago
6 0

Answer:

$1059.98

Explanation:

To determine the clean price, we have to first find the accrued interest.

Accrued interest = (coupon rate × par value/2) × period (months to next coupon date/12)

accrued interest = $96/2 x 5/12

accrued interest = $48 × 0.417

= $20.016

Our  dirty price = $1080

clean price = dirty price - accrued interest

clean price = $ (1080 - 20.016)

Clean price = $1059.98

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a. Assign R&D the project of developing gear that meets basic needs for warmth and dryness but can be manufactured inexpensively.

c. Research what people with annual incomes of less than US $1,500 really need.

d. Recruit local people to work as salespeople and distributors.

Explanation:

A disposable income is the total of cash household funds available for expenditures and investments after tax on income is accountable. The disposable income also called disposable personal income (DPI).

The figures suggest that Switzerland has almost double that of United States ($3.258) the highest taxable monthly income ($6,301).

The $100 remaining in your savings fund after all the debts have been charged is an example of disposable income.

3 0
3 years ago
Gabriele Enterprises has bonds on the market making annual payments, with twelve years to maturity, a par value of $1,000, and s
wariber [46]

Answer: 6.01%

Explanation:

To solve this question, we.will use the financial calculator. Based on the information given, then we will have:

FV = Future Value = $1,000.00

PV = Present Value = -$960.00

Bonds yield = 6.50

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Therefore, CPT > PMT = Payment will be = $60.0973

Then, Coupon rate will be:

= Payment / Face Value

= 60.0973 / 1000

= 6.01%

3 0
2 years ago
Ken, a real estate agent, assures Lily that a certain parcel of commercial property fronts on the most highly trafficked street
crimeas [40]

Options :

a. ​mistake.

b. ​opinion.

c. ​an adhesion contract.

d. ​fraud.

Answer: Fraud

Explanation: From the scenario described above, it could be inferred that Ken, the real estate agent used trickery to lure Lily into purchasing the property. Hence, Lily could be said to have been defrauded by Ken who used what Lily needed to trick her into making the purchase because the main specification, that is high traffic, which Ken used to lure Lily was actually false. Fraud remains a grave offence as it could only be carried out by lying, issuing false statement, blackmail, impersonation and other grave offences.

5 0
3 years ago
The primary purpose of parks and natural areas is for recreation and human use. true or false
Elena L [17]
<span>True. Parks and natural areas provide an avenue for humans to conduct adventure programs and activities. with proper stewardship and preservation, parks and natural areas provide a conducive place for outdoor recreation and education programs that may lead to increased health, wellness, and community participation.</span>
5 0
3 years ago
Over the course of a year, Retail Market, Inc., sells goods from its inventory and one of its warehouses. In exchange, Retail re
maria [59]

Answer:

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Explanation:

Article 2 of the Uniform Commercial Code (UCC) governs contracts for the sales of goods. Goods are defined as movable property. Usually the sales of services are not included in Article 2, unless the transaction includes the sales of goods. The sales of intangible assets is not included either.

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3 years ago
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