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
Marina CMI [18]
3 years ago
14

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) A T-bill quote sheet h

as 90-day T-bill quotes with a 5.17 ask and a 5.11 bid. If the bill 1) has a $10,000 face value, an investor could sell this bill for ________. A) $9870.75 B) $9872.25 C) $10,000 D) $9874.00 2) A benchmark index has three stocks priced at $26, $49, and $59. The number of 2) outstanding shares for each is 365,000 shares, 435,000 shares, and 583,000 shares, respectively. If the market value weighted index was 1000 yesterday and the prices changed to $26, $47, and $61 today, what is the new index value? A) 1000 B) 995 C) 991 D) 1005 3) An investor buys a T-bill at a bank discount quote of 4.50 with 120 days to maturity for 3) 9850.00. The bill has a face value of $10,000. The investor's bond equivalent yield on this investment is ________. A) 4.63% B) 5.01% C) 4.57% D) 4.51%
Business
1 answer:
VashaNatasha [74]3 years ago
4 0

Answer:

1) B

2) A

3) D

Explanation:

1) Discount yield(%) = Face value - Purchase value/Face value X 360/Maturity ( in days) X 100%

Discount yield (quote) = 5.11; Face value = $10,000; Let Purchase value =  x; Maturity = 90 days

(5.11)% = $(10,000 - x)/$10,000 X 360/90 X 100%

5.11 = 400(10,000 - x)/10,000

x = 4,000,000 - 51100/400 = 3,948,900 = $9,872.25

3) Face value = $10,000; Purchase value = $9,850; Maturity = 120 days

Investor's bond equivalent yield(%) = $(10,000 - 9,850)10,000 X 360/120 X 100%

= 45/10 = 4.5%

You might be interested in
On subjective, socially desirable, and common dimensions, most people:
defon

Answer:

The correct answer is letter "A": see themselves as better than the average person.

Explanation:

In <em>social psychology</em>, individuals' self-serving bias is the point of view people have of themselves believing they are superior to others. Given a certain attribute, these kinds of individuals relate a positive outcome with their own "awesomeness" while a negative outcome is the reflection of others not being capable enough of reasoning like the individuals even though the individuals could be objectively wrong.

8 0
3 years ago
On January 1, 2012, Knapp Corporation acquired machinery at a cost of $750,000. Knapp adopted the double-declining balance metho
Kobotan [32]

Answer:

B .) $54,857

Explanation:

Depreciation rate using double reducing balance method is calculated as 10% divided by the number of years of useful life; this is then multiplied by 2. The depreciation is then calculated as the depreciation rate X  Net Book Value of the asset

The depreciation rate for the first year = 100%/10 * 2 = 20%

2012

The depreciation expense = 20% X $750,000 = $150,000

The net book value at the end of the year = $750,000 - $ 150,000 = $600,000

2013

The depreciation expense = 20% X $600,000 = $120,000

The net book value at the end of the year = $600,000 - $ 120,000 = $480,000

2014

The depreciation expense = 20% X $480,000 = $96,000

The net book value at the end of the year = $480,000 - $ 96,000 = $384,000

2015

At the beginning of 2015, the method was changed to straight line method. In line with the International Standards of Accounting on change in accounting estimates (ISA 8), this change would be applied progressively i.e the remaining net book value would be divided over the remaining no of useful life to arrive at the year depreciation

As at the beginning of 2015, 3 years have passed. The remaining  no of useful life is 7 years and the NBV is $384,000 as seen in the computation of NBV at the end of 2014

Depreciation = $384,000/7 = $54,857

4 0
3 years ago
When you receive your monthly guest service scores for your venue and you've earned 92% Excellent Scores for the prior month you
VLD [36.1K]
You continue to re-evaluate
7 0
3 years ago
Which is the largest source of tax revenue in the united states?
Snezhnost [94]

Answer:

Individual income taxes.

Explanation:

This has been the largest single source of federal revenue since 1950.

3 0
2 years ago
You and your family are part of a consumer panel, and each time you go to the grocery store, you give the sales clerk your id nu
sdas [7]
The answer is "Scanner research".
Scanner-Based Research refers to a framework which is used for gathering data from a single group of respondents by persistently checking the publicizing, advancement, and evaluating they are presented to and the things they purchase.
8 0
3 years ago
Other questions:
  • The relationship between employer and employee can be thought of in terms of a(n) ____, a description of what an employee expect
    5·1 answer
  • Which of the following is a critical dilemma when implementing fiscal policy in reference to timing lags?
    11·1 answer
  • Westfall Watches has two product​ lines: Luxury watches and Sporty watches. Income statement data for the most recent year​ foll
    13·1 answer
  • Organization development is a systemwide application of ________ knowledge to develop, improve, and reinforce the strategies, st
    5·1 answer
  • In the RST partnership, Ron's capital is $80,000, Stella's is $75,000, and Tiffany's is $50,000. They share income in a 3:2:1 ra
    6·1 answer
  • Pure monopoly refers to_____. rev: 05_15_2018 Multiple Choice
    5·1 answer
  • PRICE/EARNINGS RATIO A company has an EPS of $2.40, a book value per share of $21.84, and a market/book ratio of 2.73. What is i
    7·1 answer
  • Which of the following is a characteristic of a monopoly market?
    11·1 answer
  • Gelb Company currently manufactures 52,500 units per year of a key component for its manufacturing process. Variable costs are $
    7·1 answer
  • Cost of direct materials used in production for a manufacturing company
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!