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fomenos
3 years ago
14

Meacham Enterprises' bonds currently sell for $1,280 and have a par value of $1,000. They pay a $135 annual coupon and have a 15

-year maturity, but they can be called in 5 years at $1,050. What is their yield to call (YTC)
Business
1 answer:
Flauer [41]3 years ago
7 0

Answer:

Yield to call (YTC) = 7.64%

Explanation:

Yield to call (YTC) = {coupon + [(call price - market price)/n]} / [(call price + market price)/2]

YTC = {135 + [(1,050 - 1,280)/5]} / [(1,050 + 1,280)/2]

YTC = 89 / 1,165 = 0.07639 = 7.64%

Yield to call is how much a bondholder will earn if the bond is actually called, and it may differ from yield to maturity since the call price is generally higher than the face value, but the yield to maturity generally is longer than the call period.

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On June 1, Year 3, Pete, a partner in the Sky Castle partnership, contributed to the partnership some undeveloped land (not inve
emmainna [20.7K]

Answer:

d. Is short-term because she received the land from a partnership in which she is a partner.

Explanation:

On September 22, Year 7, Sky Castle distributed the land to Linda, who is also a partner.

6 0
3 years ago
A food handler is prepping a seafood coconut curry dish on april 4 using shrimp and scallops. the shrimp has a use-by date of ap
fgiga [73]

The correct answer would be April 8.

Explanation:

A food handler or a chef is prepping a seafood coconut curry dish on April 4. This dish uses shrimps and scallops as ingredients. Shrimps has an use by date of 8th April, and the scallops has the use by date of 10th April. So now the use by date of seafood coconut curry needs to be determined.

It is very simple to determine the use by date of seafood coconut curry. The use by date of both ingredients would be seen, and the use by date of any product which is earlier than use by date of the other, would be set as the use by date of the seafood coconut curry.

So the use by date of shrimps is April 8, so the use by date for the seafood coconut curry would be April 8 too, otherwise due to the expiration of the shrimps on April 8, the whole food will be wasted.

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brainly.com/question/11360013

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6 0
3 years ago
Cyra is a musician who is contracted to perform for Vanta Blue, a local pub. Vanta Blue pays her an advance as part of the contr
Fofino [41]

Answer:

Specific performance.

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In this case, Vanta Blue even pay upfront although Cyra end up not showing up. Cyra is suppose to perform as it is dealed.

6 0
3 years ago
Oriole Company made the following journal entry in late 2021 for rent on property it leases to Danford Corporation. Cash 153000
Morgarella [4.7K]

Answer:

$277,125

Explanation:

The calculation of  income tax expense is shown below:-

Income tax expense = Income taxes payable at the end of 2022 + (Rent revenue ÷ 2) × Tax rate

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= $258,000 + $19,125

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Therefore for computing the income tax revenue we simply applied the above formula.

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3 years ago
Employers cite dressing inappropriately as one of the biggest mistakes job applicants make in interviews. True or False
IrinaK [193]

Answer:

True

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If you dress inappropriately, that is not showing a good first impression. Most, if not all jobs want to have employees that can dress well, cooperate, and work well with others.

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3 years ago
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