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serious [3.7K]
3 years ago
6

Your firm offers a 10-year, zero coupon bond (i.e., coupon rate is 0%). The yield to maturity is 8.8 percent. What is the curren

t market price of a $1,000 face value bond?
Business
1 answer:
Kamila [148]3 years ago
6 0

Answer:

The correct answer to the following question is $430.241

Explanation:

Zero coupon bond which are also know as pure discount bond, are those bonds which are issued at discount and makes no periodic interest payments to the bearer.

Given information -

Face value at maturity - $1000

Yield to maturity - 8.8%

Number of years till maturity - $10

Current market price - maturity value / (1+ i) ^n

where i = yield to maturity, n = Number of years till maturity

= $1000 / (1+8.8%)^10

= $1000 / (1.088)^10

= $1000 / 2.32428

= $ 430.2407

= $430.241 ( approximately )

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Following is the sales budget for Coore, Inc., for the first quarter of 2019.
gayaneshka [121]

Answer:

a. Sales for November = $192,666.67

b. Sales for December = $312,400,00

c. Total cash collections are as follows:

January = $200,580

February = $201,360

March = $191,750

Explanation:

a. Compute the sales for November.

Sales for November = (Accounts receivable balance at the end of the previous quarter - Uncollected sales from December) / Collection rate two months after the sale = ($107,000 - $78,100) / 15% = $192,666.67

b. Compute the sales for December.

Sales for December = Uncollected sales from December / (Collection rate one months after the sale + Collection rate two months after the sale) = $78,100 / (10% + 15%) = $312,400,00

c. Compute the cash collections from sales for each month from January through March.

Note: See the attached excel file for the schedule of cash collections from sales for each month from January through March.

From the attached excel file, total cash collections are as follows:

January = $200,580

February = $201,360

March = $191,750

Download xlsx
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2 years ago
In an emergency situation the driver should always contact the dispatcher? True or false
Goryan [66]

Most definitely True

7 0
3 years ago
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At the beginning of the year, Monroe Company estimates annual overhead costs to be $2400000 and that 300000 machine hours will b
Neko [114]

Answer:

Allocated MOH= $252,000

Explanation:

Giving the following information:

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First, we need to calculate the estimated overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate=  240,000/300,000= $0.8 per machine hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 0.8*315,000= $252,000

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The price elasticity of demand measures the​ ________ that results from a​ ________.
iogann1982 [59]
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No having enough money for the shoes you want means?
Mazyrski [523]

Answer:

That you can't get the shoes that you want because you don't have enough money or go to work to get some more money for your shoes that you want

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