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Svetradugi [14.3K]
3 years ago
8

Microhard has issued a bond with the following characteristics:

Business
1 answer:
Aleks [24]3 years ago
7 0

Answer:

At Yield to maturity = 11%

Price = $1,000

Explanation:

As for the provided information we have:

Par value = $1,000

Interest each year = $1,000 \times 11% = $110

Effective interest rate semiannually = 11%/2 = 5.5% = 0.055

Since it is paid semiannually, interest for each single payment = $110 \times 0.5 = $55 for each payment.

Time = 8 years, again for this since payments are semi annual, effective duration = 16

Price of the bond = C \times \frac{(1 - \frac{1}{(1+i^n)}) }{i} + \frac{M}{(1 + i)^n}

Here, C = Coupon payment = $55

i = 0.055

n = Time period = 16

M = Maturity value = Par value = $1,000

Therefore, if yield to maturity = 11% then,

P = 55 \times \frac{1 - \frac{1}{(1 + 0.055)^1^6} }{0.55} + \frac{1,000}{(1 + 0.55)^1^6}

= $1,000

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Answer:

A.

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Annalise received financial aid offers from two universities.
natima [27]

Answer:

Option A will save her $15,500.

Explanation:

Financial aid is the assistance given to students to cater to a college education. It excludes Scholarships and grants as these are not cost items by other forms of assistance.

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Work-study  <u>$ 4,000</u>

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Maddie noticed that many students on campus had sweatshirts with Greek organization letters or club names on them. Recognizing t
rewona [7]

Answer:

100 sweatshirts

Explanation:

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Contribution per unit = Selling price per unit - Cost of producing one unit

Contribution per unit = $25 - ($10 + $2)

Contribution per unit = $13

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makkiz [27]

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I think the most likely answer is choice B: "do their best to get along with difficult co-workers."

Explanation:

8 0
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