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IrinaVladis [17]
3 years ago
8

A 25-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 8%. a. Find the bond equivale

nt and effective annual yield to maturity of the bond if the bond price is $960.

Business
1 answer:
Gnom [1K]3 years ago
3 0

Answer:

The bond equivalent YTM = 8.36%

Effective annual YTM = 8.53%

Explanation:

The following image states the explanation:

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A woman buys a house for a ​$320000. She pays ​$40000 down and takes out a mortgage at 5.7​% for 20 years on the balance. Find h
sdas [7]

Answer:

PMT= 1957.850

Explanation:

For this case the total payment is $320000, and she pays $40000 so the remain amount to pay would be:

$320000-40000=$ 280000

For this case we assume that the annual interest rate is APR=5.7% =0.057 on fraction.

The total number of years are 20. For this case n represent the number of payments per year and since we have monthly payments then n =12.

In order to find the PMT we can use the following formula:

PMT= \frac{P(\frac{APR}{n})}{[1-(1+\frac{APR}{n})^{-nt}]}

On the last expression the APR needs to be on fraction and P represent the principal amount, for this case P = $280000. So if we replace we got:

PMT= \frac{280000(\frac{0.057}{12})}{[1-(1+\frac{0.057}{12})^{-12*20}]}

PMT= 1957.850

And we can verify this using the following excel function: "=PMT(0.057/12,12*20,-280000)"

3 0
3 years ago
How is a game restarted if the ball is kicked out of bounds over the goal-line by the defensive team in soccer?
svp [43]

Answer:

If the ball goes over the goal line (end line), but not into the goal, and was last touched by the attacking team, it is put back into play by the defending team with a goal kick.

6 0
3 years ago
in the course of creating an effective business message, excellent business thinkers are most likely to quizlet
Dmitry_Shevchenko [17]

In the course of creating an effective business message, excellent business thinkers are most likely to: identify and articulate key questions and problems.

<h3>What is a business strategy?</h3>

A business strategy can be defined as a set of guiding principles, actions, policies, and decisions that a business organization strategically combines, so as to successfully achieve its goals, objectives, attract potential customers and possess a competitive advantage over its rivals in the industry.

<h3>The types of business strategy.</h3>

Generally, there are four (4) main types of business strategy and these include the following:

  1. Organizational (Corporate) strategy.
  2. Business (Competitive) strategy.
  3. Functional strategy.
  4. Operating strategy.

In Business management, it is very important for excellent business thinkers to identify and articulate key business questions and problems that have the potential of affecting a business.

Read more on business strategy here: brainly.com/question/17130109

#SPJ1

Complete Question:

In the course of creating an effective business message, excellent business thinkers are most likely to Multiple Choice

begin jotting down a rough draft right away to capture their ideas.

encourage one-way linear thinking and a rigid approach to business problems.

avoid using the other-oriented tone in their text.

identify and articulate key questions and problems.

make well-reasoned conclusions and solutions

6 0
1 year ago
Alcohol kills more people than all other types of illegal drugs combined.<br> A. True<br> B. False
borishaifa [10]
I would mark it as A, True.  B/C of how easy it is to get addicted and harm yourself. 
7 0
3 years ago
Read 2 more answers
A merchandiser uses a perpetual inventory system. The beginning Retained Earnings balance of the merchandiser was​ $95,000. Duri
stepan [7]

Answer:

income summary      14,000 debit

         Retained Earnings                  14,000 credit

Explanation:

The last step in the closing prosess it to transfer the income summary account balance into retained earnings.

Income Sumary will be used to close the temporary accounts which are, dividends, revenues and expenses:

                                      Income Sumary

                                   <u>Debit             Credit</u>

to close revenues                           75,000

to close expenses        42,000

to close dividends         19,000

totals:                              <u>61,000      75,000</u>

              Balance:                           14,000              

this is the amount to transfer into retained earnings.

6 0
3 years ago
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