The annual YTM will be 3.07% if the bonds make semiannual payments and sell for 94 percent of par value.
<u>Given data</u>
Coupon rate (CR) = 5.4%
Current price (B0) = 94%
Assuming maturity value (MV) = 100%
Years to maturity (n) = 15.
<h3>What is the Annual YTM?</h3>
YTM = CR + ((MV − B0)/n) / ((MV + B0)/2)
YTM = 5.4% + (100% - 94%)/15) / (100% + 94%)/2)
YTM = 0.054 + (-0.03866666666) / 0.97
YTM = 0.01533333334 / 0.97
YTM = 0.015333 * 2
YTM = 0.030666
YTM = 3.07%
In conclusion, the annual YTM will be 3.07% if the bonds make semiannual payments and sell for 94 percent of par value.
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Answer:
Explanation:
1 2 3 4 5
sales 15500 7420 8260 10130 19220
Inventory 2200
Ending
inventory 2968 3304 4052 7688
Production 16,268 7756 9008 13766
Total production = 46,798
Workings
Ending inventory
Quarter 1 =40%*7420
Quarter 2 40%*8260= 3304
Quarter 3 40%*10130=4052
Quarter 4 40%* 19220=7688
Production formula
Quarterly sales + ending inventory - opening inventory
Please note that the ending inventory of a quarter is the opening inventory of the next quarter
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Explanation:
keynesian economics is a known form of economics that is of demand-side in the sense that it encourages government action to increase and decrease demand and output.
Consumption is using ur money by spending it on new goods and services out of a household's current income.
While Saving is simply not eating up or the act of not consuming all of one's current income. Keynes argument was that the interest rate is not the most necessary factor in saving and consumption decisions. Rather, real saving and consumption decisions depend primarily on a household's real disposable income
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