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gladu [14]
3 years ago
12

There is a bond that has a quoted price of 98.613 and a par value of $2,000. The coupon rate is 6.66 percent and the bond mature

s in 18 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?
Business
1 answer:
Mashutka [201]3 years ago
7 0

Answer:

The Yield to Maturity of the Bond (YTM) is 113.86 %

Explanation:

The Yield to Maturity of the Bond (YTM) can be determined using a Financial Calculator as follows :

Pv = -$98.613

Fv = $2,000

p/yr = 2

n = 18 × 2

Pmt = ($2,000 × 6.60%) ÷ 2 = $66

r = ?

Using a Financial Calculator r is 113.86 %.

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True or false: Controlling involves developing goals and preparing various budgets to achieve those goals.
Radda [10]

False, Planning involves developing goals and preparing various budgets to achieve those goals not controlling

Controlling involves determining if goals have been followed and taking corrective measures

Control is a management feature that helps you check for errors in order to take corrective action. This is done to minimize deviations from standards and ensure that the organization's set goals are achieved in the desired way.

The corporate governance management process is when managers define, measure, improve and manage cost management of their business operations. Control processes allow enterprises to manage changes in their supply chain, customer demand, and other variables that affect their lives.

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7 0
1 year ago
The Cozy Company manufactures slippers and sells them at $ 10 a pair. Variable manufacturing cost is $ 5.75 a​ pair, and allocat
yulyashka [42]

Answer:

(b) $ 43 comma 750 ​increase

Explanation:

Consider the Incremental Costs and Revenues arising from accepting the Special Order.

Note: Cozy Company has  enough idle capacity available to accept a​ one-time-only special order, therefore the fixed costs are irrelevant for this decision, since order is accepted within the normal operating capacity.

Sales (25,000×$ 7.50)                                  $187,500

Variable manufacturing (25,000× $ 5.75)  ($143,750)

Net Income/(loss)                                           $43,750

<u>Conclusion</u>

Therefore, Operating Income would increase by $43,750 as a result of Accepting the Special Order.

,

7 0
3 years ago
Workers typically get dirty if they work at a job site for
KengaRu [80]
<span>Workers typically get dirty if they work at a job site for Landfills, Construction sites or in Slaughter Houses</span>
8 0
3 years ago
Read 2 more answers
A finance lease agreement calls for quarterly lease payments of $5,376 over a 10-year lease term, with the first payment on July
Rainbow [258]

Answer:

a. The preparation of partial amortization is shown below:-

b. $2,892

Explanation:

a. Date Lease  Effective        Decrease in  Outstanding              

             payment     interest           balance          balance

July 1                                                                           $150,000

July 1     $5,376                                  $5,376             $144,624

                                                                                ($150,000 - $5,376)

Oct 1      $5,376       $2,892              $2,484              $142,140

                                                       ( $5,376 - $2,892) ($144,624 - $2,484)

b. Interest expense on October 1 = $2,892

Working Note:-

Take the outstanding balance times 2% (8% annual = 2% quarterly)

So, the Effective interest = $144,624 × 0.02

= $2,892.48

4 0
3 years ago
Harrison is generally satisfied with his current work, but he is not satisfied with how much he is being paid and the benefits h
Lostsunrise [7]

Harrison is generally satisfied with his current work, but he is not satisfied with how much he iAs being paid and the benefits he is receiving. Which type of job satisfaction is low for Harrison is facet satisfaction.

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Activity pride, job satisfaction, or painting pride is a measure of employees' contentedness with their activity, whether or not they just like the job or character factors or sides of jobs, which includes the nature of labor or supervision. activity pride can be measured in cognitive, affective, and behavioral components.

Job satisfaction is primarily based on how we experience our activity – the good profession additives that make us feel valued or let us feel like we've got a cause, vs. the terrible additives, which include long hours or ugly tasks, or feeling undervalued as a worker.

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8 0
2 years ago
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