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Vadim26 [7]
3 years ago
15

Suppose that a 1-year zero-coupon bond with face value $100 currently sells at $89.75, while a 2-year zero sells at $79.88. You

are considering the purchase of a 2-year-maturity bond making annual coupon payments. The face value of the bond is $100, and the coupon rate is 10% per year. a. What is the yield to maturity of the 2-year zero?
Business
1 answer:
Sindrei [870]3 years ago
7 0

Answer:

11.89%

Explanation:

You can use a financial calculator to find the yield to maturity of the 2 year -zero coupon bond. Input the following;

Time to maturity; N= 2

Face value of the bond  ; FV = 100

Annual coupon payments; PMT = 0 (since it's a zero-coupon bond)

Present value or price of the bond; PV = -79.88

Next, compute the annual interest rate; CPT I/Y = 11.89%

Therefore, the yield to maturity of the 2-year zero-coupon  bond is 11.89%

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6. Grammar and Mechanics - Apostrophes and Other Punctuation Punctuation marks such as apostrophes, parentheses, dashes, and quo
Vsevolod [243]

Answer:

The correct answer is letter "A": Coworker's paycheck.

Explanation:

One of the uses of apostrophes (') in grammar is to show possession. In such a case, the apostrophe and an "s" are added to nouns at their end ('s). If the noun is plural ending with an "s" only the apostrophe (') is added. The other use of apostrophes is to show that words have been contracted (e.g. I am = I'm).

Thus, the noun "coworker" in its singular form shows possession in the phrase:

<em>Coworker's paycheck.</em>

3 0
3 years ago
A job specification is: a. a group of related activities and duties. b. a statement of the knowledge, skills, and abilities requ
PSYCHO15rus [73]

Answer:

a statement of the knowledge, skills, and abilities required of a person to perform a job.

Explanation:

A job specification is a written statement that describes btge educational qualifications, experience, technical skills, and communication skills required to perform a job. Also responsibilities that are required on a job are stated.

A job specification is different from a job description which is a set of different duties and responsibilities performed by one employee.

7 0
3 years ago
If the unemployment rate is 5.8% and the number of unemployed persons is 15 million, the labor force is approximately:__________
Delicious77 [7]

Answer: 258 million

Explanation:

The labor force refers to the number of people who are employed and the unemployed who are also looking for work.

Let the labor force be represented by x. Based on the question given, we can form an equation which will be:

5.8% of x = 15 million

0.058x = 15 million

x = 15million / 0.058

x = 258 million

Therefore, the labor force is approximately 258 million.

6 0
3 years ago
What is one reason why a business may incorporate a dress code?
LenaWriter [7]

Answer:

d

Explanation:

D.because it wants to promote unity among employees

3 0
2 years ago
Match the threats in the left column to appropriate control procedures in the right col-umn. More than one control may be applic
marshall27 [118]

Answer: Please refer to Explanation

Explanation:

When there are no or relatively low control procedures in a company, there is a threat of financial mismanagement and misdemeanors. This is why control procedures are needed, to address this and stop the leakage of company resources.

1. Failing to take available purchase discounts for prompt payment.

d. File invoices by due date.

e. Maintain a cash budget.

Here two things can be done to control the threat. Firstly, by paying invoices during the discount period, the company can be able to take discounts on goods and services provided to it. Also by maintaining a cash budget, a company can put when a payment is due to be able to claim a discount and act accordingly.

2. Recording and posting errors in accounts payable.

Conduct an automated comparison of total change in cash to total changes in accounts payable.

Using a program to check whether the amounts in the cash account corresponds to the payments on the Accounts payable account will tell you if the amounts tally and will therefore reduce errors.

3. Paying for items not received.

Issue checks only for complete voucher packages (receiving report, supplier invoice, and purchase order).

When issuing checks, make sure that all the above mentioned reports are in order. That way you can check if the goods were delivered as well as if they were even ordered properly in the first place.

4. Kickbacks.

Require purchasing agents to disclose financial or personal interests in suppliers.

Train employees in how to properly respond to gifts or incentives offered by suppliers.

By requiring that purchase agents disclose their relationships with suppliers, you can monitor to check and see if there is a possibility of kickbacks occuring.

Also, by training employees on acceptable methods of receiving gifts, they can know when it is no longer a gift but rather a kickback.

5. Theft of inventory.

b. Document all transfers of inventory. c. Restrict physical access to inventory.

By documenting all transfers going in and out of inventory, the true inventory figure can be known from the records and then used to match with the actual inventory to see if they truly tally.

Restricting the amount of people who have access to the inventory to a few trusted people also limits the amount of people who can steal the inventory as well as making it easier to find out who did when it is done because the focus can be on a few people.

8 0
3 years ago
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