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suter [353]
3 years ago
5

Suppose that you read in The Wall Street Journal that a bond has a coupon rate of 9 percent, a price of 71 3/8, and pays interes

t annually. Rounded to the nearest whole percent, what would be the bond's "current" yield
Business
1 answer:
olga nikolaevna [1]3 years ago
8 0

Answer:

This question is missing the options given below:

A. 11%

B.13%

C. 15%

D. 17%

E. 20%

The correct answer is option B,the bond current yield is 13%

Explanation:

Bonds Current Yield = Year one cash flow / Current  Price x 100 = 9 / 71.375 x 100 = 12.60% or approximately 13%

Note that 71 3/8 is the same as 71.375% as 3/8 gives 0.375 and when added to 71% gives 71.375%

The year cash flow is calculated as :9% of bond par value($100)=$9

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_____ 24. Audrey Corporation's cost formula for its selling and administrative expense is $47,900 per month plus $52 per unit. F
creativ13 [48]

Answer:

The estimated cost for selling and administration expenses is:

47900+52*6000=$359900

Explanation:

Audrey Corporation's cost for selling and administrative expenses present fix and variable costs. They plan a fixed cost of $47,900 and a variable cost of $52 unit.

The formula is:

SandA COST= 47900+52*Q

For April they planned to sell 6000 units.

The estimated cost for selling and administration expenses is:

47900+52*6000=$359900

If the formula is accurate the real cost of selling and administration is:

47900+52*5960=$357,820

7 0
3 years ago
How old can you be to get your license?<br>A) 16<br>B) 18<br>C) 19 ​
jekas [21]

Answer: 18

Explanation: Legal age to drive

7 0
3 years ago
Read 2 more answers
The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales $ 800,000 Net operating income $ 50,000 Averag
ELEN [110]

Answer:

ROI 87.5%

Explanation:

Return on Investment = return /investment

Total return

50,000 perating income + 20,000 residual income = 70,000 income

The asset could been adquire on lease or through liabilities, this is not investment. The investmetn made is the one done by the shareholders.

Stock Holders equity = investment = 80,000

The shareholders invest this amount to generate

70,000 dollars of return

ROI  70,000/80,000 = 87.5%

7 0
3 years ago
ANSWER ASAPP. Changes in monetary policy occur when the Federal Reserve 1.adjusts business laws to affect the money supply. 2.ch
finlep [7]

Answer:

D

Explanation:

In the economic system, the monetary policies of the government are implemented through the banks.

Adjusting the rate of interest can only be done by the Federal Reserve.

All other options are under government fiscal policy.

4 0
3 years ago
Warranty service, processing of complaints, and costs of litigation are examples of Multiple Choice appraisal costs. internal fa
zhannawk [14.2K]

Examples of internal failure costs include warranty service and complaint handling. As a result, choice b is accurate.

<h3>What do you mean by internal failure cost?</h3>

Internal failure costs are expenses related to flaws discovered prior to the client receiving the good or service. External failure costs are expenses related to flaws discovered after the client has purchased the good or service.

Internal failure costs are quality expenses related to product flaws found before a product leaves the facility.

Hence, warranty services all are examples of the internal failure cost.

Learn more about internal failure costs:

brainly.com/question/14802565

#SPJ1

8 0
2 years ago
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