Answer:
less desirable to other investors
Explanation:
<u>Given</u>: Current fixed coupon rate 5%
Market rate of interest 5%
New Market Rate of Interest 6%
Value of a bond is inversely related to economy interest rate or the yield to maturity (YTM). Value of a bond is expressed by the following equation:
wherein, C = Coupon rate of interest
YTM = Market Rate of Interest or interest rate in the economy or investor's expectation
n= Years to maturity
RV = Redemption value
In the given case, C = YTM i.e par value bond. When ytm rises to 6%, the value of the bond shall fall making such a bond less attractive since it represents lower coupon payments than investor expectations.
Thus, now the bond would be less desirable to other investors.
Answer:
The preparation is presented below:
Explanation:
The preparation of the retained earnings statement for the year ended July 31, 2018 is presented below:
Cali Communications'
Retained Earning statement
For the year ended July 31, 2018
Beginning balance of retained earning $0
Add: Net income $5,150
Less: Cash Dividend paid -$0
Ending balance of retained earning $5,150
Answer:
E. a promise to work for an employer for the rest of your life
Explanation:
The Statute of Frauds requires certain types of contracts to be in writing. All of these contracts must be in writing except a promise to work for an employer for the rest of your life.
Statutes of frauds cover:
Promises that involve marriage as consideration
Contracts that can't be performed within one year
Contracts that involve the sale or transfer of land
Contracts that involve promises by executors to pay estate debts
Contracts that involve a promise to act as a guarantor or surety
Contracts that involve the sale of goods worth more than $500
Hence a promise to work for an employer for the rest of your life
The correct answer is true.
Store materials in buildings under construction farther than 6 feet or hoist way/ floor openings and more than 10 feet from an exterior wall