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
BartSMP [9]
3 years ago
13

A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 117% of its $1,000

par value. If the last interest payment was made 2 months ago and the coupon rate is 6%, the invoice price of the bond will be _________.
a. $1,140.

b. $1,170.

c. $1,180.

d. $1,200.
Business
1 answer:
adelina 88 [10]3 years ago
7 0

Answer:

Option (C) is correct.

Explanation:

Given that,

Par value = $1,000

Ask price = 117% of par value

Last interest payment was made = 2 months ago

coupon rate = 6%

Invoice price:

= (Par value × ask price percent) + (coupon rate × par value) × Time period

= 1,000 × (1.17) + 60 (2 ÷ 12)

= $1,170 + 10

= $1,180

Therefore, the invoice price of the bond will be $1,180.

You might be interested in
Consider This) Susie purchased a nonrefundable ticket to a soccer match for $20. It will cost her $10 worth of gas and wear and
kumpel [21]

Answer:

The $20 ticket to the match.

Explanation:

The sunk cost would be the $20 ticket to the match.

3 0
3 years ago
You are the chief financial officer for a firm that sells digital music players. Your firm has the following average-total-cost
Finger [1]

Answer:

False

Explanation:

Since for finding out whether the offer is accepted or not, first we have to determine the total cost at 600 number of players and for 601 number of players which is

The total cost of 600 players is

= 600 × $300

= $180,000

The total cost of 601 players is

= 601 × $301

= $180,901

Now the marginal cost is 601 player is $901 which is difference between the $180,000 and $180,901 that is higher than the offered price i.e $550

Therefore, the offer should not be accepted

6 0
3 years ago
What type of footwear protects you from chemicals and provides extra traction on slippery floors?
pishuonlain [190]
Its rubber boots which protects <span>you from chemicals and provides extra traction on slippery floors.

</span>
4 0
3 years ago
Read 2 more answers
Which of the following is an essential characteristic of enduringly great companies? They undergo continuous change. They are so
Anit [1.1K]

Answer:

The answer is (A) They undergo continuous change.  

Explanation:

To remain competitive in today’s world, a company must be willing to continue changing according to what the market currently needs and will need in the future. When a company remains stagnant, it would be outpaced by its competitors. Most of the household names that we commonly encounter maintains a spirit of continuous improvement – and we can encounter this from the innovative product they choose to make, better customer experience, or improvement in internal business process.  

7 0
3 years ago
Double-declining balance On January 1, 2021, the Excel Delivery Company purchased a delivery van for $51,000. At the end of its
agasfer [191]

Answer:

$18,480

Explanation:

Cost of van = $51,000

Useful life = 5 years

Salvage value = $4,800

Using the straight line, Annual depreciation

= (51000 - 4800)/5

= $9,240

Using the Double-declining balance method,

Annual depreciation = 2 × 9,240

                                  = $18,480

3 0
3 years ago
Other questions:
  • You’ve just graduated from Berkeley College with a major in accounting and have landed your first accounting job. Your assignmen
    5·1 answer
  • As interest rates rise, _____.
    14·2 answers
  • Vacation Vistas, Inc., agrees to sell certain acreage to Umiko, who intends to develop a destination resort. Vacation Vistas rep
    8·1 answer
  • Children with visual impairments tend to be more______ in social environments
    12·1 answer
  • The cost of beginning work in process inventory plus the costs added to production during the period equals the _______. cost of
    9·1 answer
  • On which of the following levels are databases not used?
    6·1 answer
  • dentify a true statement about sales-oriented firms. a. They target their products to specific groups of people. b. They recogni
    13·1 answer
  • I am a high school student and I am trying to get in to this research internship at Columbia University. I have to email this pr
    5·1 answer
  • A business opportunity that match traveling​
    9·1 answer
  • Please help!!
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!