1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lemur [1.5K]
3 years ago
13

A Treasury bond that settles on August 10, 2016, matures on September 27, 2021. The coupon rate is 4.6 percent and the quoted pr

ice is 107:7. What is the bond’s yield to maturity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Business
1 answer:
BaLLatris [955]3 years ago
7 0

Answer:

3.09%

Explanation:

Yield to maturity = [C + ((F - P) / n)] / [(F + P) / 2]

Face value = $1,000

C = Coupon or interest payment = $1,000 * 4.6% = $46

P = quoted price = $1,000 * 107% = $1070

n = Years to maturity = 5

Therefore, we have:

Yield to maturity = [46 + ((1,000 - 1,070) / 5)] / [(1,000 + 1,070) / 2] = 0.0309. or 3.09%  

You might be interested in
Property rights _________________________________________.
givi [52]
Your answer is B, they provide incentives for people to exchange goods and services.
5 0
3 years ago
What are the two major components of a working capital management strategy
Sliva [168]

Answer:

The two major components of Working Capital are Current Assets and Current Liabilities. One of the major aspects of an effective working capital management is to have regular analysis of the company's currents assets and liabilities.

6 0
2 years ago
Delia files a suit against Eduardo in a Florida state court over the ownership of a boat docked in a Florida harbor. Both Delia
harkovskaia [24]

Answer:

The answer is: D) is a more convenient location to hold the trial.

Explanation:

A change of venue happens when a case is transferred from a court in one location to a court in a different location. It can be requested if it is convenient for the parties in a lawsuit.

In this case both Eduardo and Delia live in Georgia, so if a trial is held there, they would need to travel and probably hire local lawyers which can be time consuming and expensive.  Eduardo can argue that by holding the case in Georgia benefits both Delia and him.

6 0
3 years ago
Laura works for a company that sells luxury cars. Laura approaches a customer by offering the keys to a customer and encouraging
telo118 [61]

Answer:

I think it is the buddy approach method.

Explanation:

5 0
3 years ago
Income statement. Construct the Barron​ Pizza, Inc. income statement for the year ending 2015 with the following information ​(t
aliya0001 [1]

Explanation:

The construction of the income statement for the year ending 2015 is attached in the attachment. Kindly find it below:

As we know that the income statement records only the revenue and the expenses for the particular year

If the income is higher than the revenue, the company earns the net income otherwise it is a net loss and the same is to be reported on the statement of the stockholder equity

The earning per share is

= Net income ÷ Shares outstanding

and the same is shown in the attachment        

6 0
3 years ago
Other questions:
  • Costs Classification a. Annual picnic for plant employees and their families Period costs-administrative expense b. Cost of fabr
    12·1 answer
  • Anna and ben are up for the same promotion at work. when it comes time to make a decision, the management committee chooses ben
    7·2 answers
  • Ramona bowen was employed as a supervisor for comfort manufacturing. she was the only black supervisor in the plant. the other s
    14·1 answer
  • Collin buys a fixed deferred annuity. Upon annuitization, he chooses the life annuity with period certain payout option. Collin
    12·2 answers
  • Jeep launched the new Jeep Liberty several years ago. The Liberty is intended to compete with other moderately-sized SUVs. The m
    5·1 answer
  • Bianca's discount home furnishings store is in a strip mall. She wants to know what other businesses in the strip mall her custo
    6·2 answers
  • The decision to take less salary in a year when the company was less profitable and employees' pay was cut is an example of Nish
    11·1 answer
  • Branin Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hou
    7·1 answer
  • William and Theodore have decided to start a travel business called Excellent Adventures. Since their business primarily involve
    10·1 answer
  • Labor costs charged to manufacturing overhead represent ______ labor costs.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!