Answer:
Bond price= 1,124,622
Explanation:
Giving the following information:
Face value= $1,000,000
Number of periods= 10*2= 20
Cupon rate= 0.12/2= 0.06
YTM= 0.1/2= 0.05
<u>To calculate the bond price, we need to use the following formula:</u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 60,000*{[1 - (1.05^-20)] / 0.05} + [1,000,000 / 1.05^20]
Bond Price= 747,732.62 + 376,889.48
Bond price= 1,124,622
Answer:
3 units
Explanation:
Taking into account that the function would be the following:
Answer:
Disclaimer
Explanation:
Express warranties could be simply be described as the agreement which binds a seller and buyer during the purchase of a certain product. Express warranties usually gives buyers the opportunity to return the product to the seller if damaged within a specified period of tine. Express warranty usually has no borders. Tbe use of disclaimer is used by sellers in other to introduce clauses into an express warranty whereby certain terms and conditions are given before the warranty can be deemed as valid. These limitations inteoduced and are capable of voiding the express warranty is called a disclaimer.
<u>Answer:</u>
<em><u>an online editing service</u></em>
<em><u /></em>
<u>Explanation:</u>
An example of an intangible item is <em><u>an online editing service.</u></em> An intangible item is something that does not have an actual physical presence. Take a look at the following lists to get a better understand of an intangible vs. tangible item.
<em>intangible items:</em>
<em>- insurance </em>
<em>- software</em>
<em>- data</em>
<em />
<em>tangible items:</em>
<em>- food</em>
<em>- computers</em>
<em>- phones</em>
<em />
Since <em><u>an online editing service</u></em> is the only item that you cannot physical touch, this is the intangible item.