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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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Esmeralda promises to pay fiorello $400 because ""he does not have as much money as other people. "" esmeralda’s promise is not
Butoxors [25]

Esmeralda's promise is not enforceable because society does not want gifts cheapened by making them legally enforceable because society does not want gifts cheapened by making them legally enforceable.

A legally enforceable contract means that you can keep the promise of the other party. If the other party fails or refuses to meet its obligations, the contract can be fulfilled in accordance with the law.

A non-enforceable contract or transaction is valid but not enforced by the court. Unenforceable is typically used in conflict with void (or void ab initio) and voidable. If the parties implement the agreement, it is valid, otherwise, the court will not enforce them.

Learn more about legally enforceable here:brainly.com/question/7306383

#SPJ1

8 0
1 year ago
According to the Fisher Effect, the expected rate of inflation does not influence the:________.
Alekssandra [29.7K]

Answer:

ex ante real interest rate.

Explanation:

According to Fisher effect the expected inflation rate will affect indices like nominal interest rate, current prices of goods, and the demand for money.

However it does not affect the ex ante real interest rate.

The Fisher effect shows how real interest rate is related to nominal interest rate.

Real interest rate = Nominal interest rate - Expected inflation rate

Ex ante real interest rate is the anticipated real interest rate in the future.

This is not considered in the Fisher effect

6 0
2 years ago
Northern Air has dozens of flights daily into and out of Belleville Airport, which is highly congested. Northern Air depends for
gladu [14]

Answer:

The answer is E.

Explanation:

Given the information about the airline company Northern Air and their problem with Belleville airport, when we evaluate the options for any disadvantages for Northern Air we can say that;

Option A, being able to schedule flights without stopping for refueling is completely an advantage for Nothern Air.

Option B, the decline of the cost of aviation fuel over the next several years can only cause a problem if the amount they will save from their fuel costs and other costs are going to exceed the amount that will be spent on the Skybuses.

Option C, several mechanics losing their jobs is certainly not the most serious disadvantage Northern Air is going to have from this action.

Option D, the fact that none of Northern Air's competitors in the Belleville Airport are buying Skybuses is not a disadvantage for Northern Air.

Option E, the aerodynamic of the Skybus causing turbulence and therefore leading the delay for the take-off could be a serious disadvantage because of its affects to the company's strict flight schedules.

I hope this answer helps.

4 0
3 years ago
For each of the following scenarios, determine whether the situation described can be attributed to the real-balances effect, th
aksik [14]

Answer:

A)Interest-rate effect

B)Real-balances effect

Explanation:

✓The interest rate effect can be regarded as change in borrowing as well as spending behaviors as a consequence or result of adjustment of interest rate. As a general rule, interest are been set by central bank of the nation, then consumer banks will then extend similar interest rates across their customers. For instance

As a result of an increase in the price level, the cost of borrowing increases, which causes people to buy fewer cars.

✓ In economics, real balance effect can be regarded as "Pigou effect" which can be regarded as stimulation of output as well as employment which is been caused as a result of increased consumption through a rise in real balances of wealth, especially during time of deflation. Instance of this is

When the price level decreases, restaurants become busier as more people purchase restaurant meals.

3 0
2 years ago
Why did many conservatives oppose affirmative action?.
Sergeeva-Olga [200]

Answer:

Explanation:

El conservadurismo social o socialconservadurismo es esa parte del pensamiento conservador que se refiere a la ideología o una creencia personal, que sugiere que el individuo es un ente eminentemente social y que, como tal, no puede ser concebido sino en relación a una comunidad, especialmente a los aspectos morales

3 0
2 years ago
Read 2 more answers
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