Answer:
When using a financial calculator to compute the issue price of the bonds, the applicable periodic interest rate ("I") is 3.923%
Explanation:
Hi, first, the discount interest rate that you have to choose is 8%, because 9% is the coupon rate (which in our case would be 9%/2=4.5% and this is used only to find the amount to be paid semi-annually).
Now we know we have to choose 8%, but this is an effective rate (I know this is an effective rate because no units were mentioned), and by definition it is a periodic rate, but it is not the rate that we need since the payments are going to be made in a semi-annual way, therefore we need to use the following equation.
![r(semi-annual)=[1+r(annual)]^{\frac{1}{2} } -1](https://tex.z-dn.net/?f=r%28semi-annual%29%3D%5B1%2Br%28annual%29%5D%5E%7B%5Cfrac%7B1%7D%7B2%7D%20%7D%20-1)
So, everything should look like this.
![r(semi-annual)=[1+0.08]^{\frac{1}{2} } -1=0.03923](https://tex.z-dn.net/?f=r%28semi-annual%29%3D%5B1%2B0.08%5D%5E%7B%5Cfrac%7B1%7D%7B2%7D%20%7D%20-1%3D0.03923)
Therefore, the periodic interest that yuo have to use to calculate the price of the bond is 3.923%
Best of luck.
<span>Jeremy is working on a spreadsheet, the processing of the information processing cycle will justify Jeremy’s use of the spreadsheet and give the final output. </span><span>Applying instructions to data takes place during the </span>PROCESSING <span>stage of the information processing cycle.</span>
Answer:
$5,500,000
Explanation:
Total fair value of the options = Number of shares in the option × Estimated fair value per option = 1,000,000 × $5.50 = $5,500,000
Therefore, the total compensation indicated by these options would be $5,500,000.
Answer:
The following are the major reasons the high density of the population in any place.
Availability of water.
Industrialisation.
Employment potential.
Infrastructure facilities like housing, roads, proper transport facilities, health and education, communication facilities etc.
Explanation:
Mark me as brainlist
There is a difference in the change of pronounce used. The best (and probably correct answer) is the first sentence: <span>However, when the entire residence staff listened to our argument again, they became convinced that the system wasn't fair. The pronounce 'they' refer to the collective term of 'entire residence staff'.</span>