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coldgirl [10]
3 years ago
13

Union Local School District has bonds outstanding with a coupon rate of 4.3 percent paid semiannually and 18 years to maturity.

The yield to maturity on these bonds is 3.4 percent and the bonds have a par value of $10,000. What is the dollar price of each bond?

Business
1 answer:
9966 [12]3 years ago
4 0

Answer:

$11,204.25

Explanation:

For computing the dollar price of each bond we need to applied the present value formula which is to be shown in the attachment below:

Provided that

Future value = $10,000

Rate of interest = 3.4% ÷ 2 = 1.7%

NPER = 18 years  × 2 = 36 years

PMT = $10,000 × 4.3% ÷ 2  = $215

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

After applying the above formula, the dollar price of the bond is $11,204.25

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Samuel's full retirement age is 65 years old and his monthly benefit at that age is $1,000. According to the Social Security Adm
Marina86 [1]

Answer:

Assuming that Samuel's retiring age is exactly 65 years old, and he starts collecting benefits 24 months before his full retirement age (exactly on his birthday number 63), then he will receive $867 per month (or 86.7% of his full benefits).

This calculation varies depending on the number of months, e.g.

months before full retirement age                   % of full retirement benefit

24                                                                     86.7%

23                                                                      87.2%

22                                                                      87.8%

21                                                                      88.3%

20                                                                      88.9%

19                                                                      89.4%

18                                                                      90.0%

17                                                                      90.6%

16                                                                      91.1%

15                                                                      91.7%

14                                                                      92.2%

13                                                                      92.8%

8 0
3 years ago
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The
Sunny_sXe [5.5K]

Answer:

The amount of overhead applied to Job T687 is closest to: $280.

Explanation:

Predetermined rate = Budgeted Overheads / Budget Activity

                                 = $ 425,600 /  30,400

                                 = $14.00 per machine-hour

Applied overheads to job T687 = Predetermined rate × Actual machine hours used

                                                     =  $14.00 × 20

                                                     =  $280

Conclusion :

The amount of overhead applied to Job T687 is closest to: $280.

6 0
3 years ago
Pleasantville maintains an appropriations ledger for police department supplies. The amount appropriated for supplies was $100,0
satela [25.4K]

Answer:

Appropriation available for spending = 37000

Explanation:

In the appropriations ledger, the amount available for spending at any moment is the total appropriation minus expenditures plus outstanding encumbrances.

100000 - 35000 - 28000 =  37000

3 0
3 years ago
Which option identifies the most likely basic requirement in the following scenario?
Savatey [412]

Answer: C. an infrastructure providing educated workers and advanced machines

Explanation:

Since the developing country needs to shift from smallholding to a modern state-of-the-art agribusiness-style farming, it's vital for the country to have an infrastructure providing educated workers and advanced machines. The educated workers will help in handling the technical know-how of the.machines used for the modern agribusiness.

An infrastructure that's providing cheap

and unskilled laborr isn't ideal in this case. Also, traditional subsistence farming won't help since the country is moving to a modern style.

8 0
3 years ago
A family of three living in georgia is thinking about filing bankruptcy. in order to file for chapter 7 bankruptcy, what must be
katen-ka-za [31]

Answer: A. The family’s monthly income must be less than $5,092

Explanation: edge 2022

4 0
2 years ago
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