Answer:
$1,115.58
Explanation:
Calculation to determine how much should you be willing to pay for this bond
Using this formula
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Where,
Par value= $1,000
Cupon= $35
Time= 10*4= 40 quarters
Rate= 0.12/4= 0.03
Let plug in the formula
Bond Price= 35*{[1 - (1.03^-40)] / 0.03} + [1,000/(1.03^40)]
Bond Price= 809.02 + 306.56
Bond Price= $1,115.58
Therefore how much should you be willing to pay for this bond is $1,115.58
In citing the source in MLA format, Fatima should place the
title as the first to be read or written, followed by the author and citation
in the end. So it should be, “Benefits of Laptops” by Michael Gray. Technology
Now, August 2, 2013. Web. March 16, 2014.
Answer:
Because the test statistic is less than the critical value, we can reject the null hypothesis and conclude that the population correlation coefficient is less than zero.
Explanation:
Because the question is based on the hypothesis test of the significance of the correlation coefficient to decide whether the linear relationship in the sample data is strong enough to use to model the relationship in the population. If the tests concludes that the correlation coefficient is not significantly different from zero, it means that the correlation coefficient is not significant.
Answer: Immediately seek injunctive relief.
Explanation:
An injunctive relief is an order by the court stopping an action from taking place. From the question, we are told that Sam has contracted with Dave to buy Dave's racing bike, with payment and delivery of the bicycle to be made 10 days after the contract was made.
We are further told that three days later Sam hears that Dave is going to sell the bike to Gene in three days at a higher price. If Sam really wants the bike, he should seek injunctive relief. By doing so, the court will stop Dave from selling the bike to Gene.
Answer:
Please refer the reason in detail below
Explanation:
For state and local government entities, additional standards are promulgated by the Governmental Accounting Standards Board ("GASB") and for the federal government, additional standards are promulgated by the Federal Accounting Standards Advisory Board ("FASAB").
GASB considers budgetary comparisons as an important part of the basic financial statements and financial reporting and therefore include budgetary comparisons in their concept statements
