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Vadim26 [7]
3 years ago
10

Stanley hart invested in a municipal bond that promised an annual yield of 6.7 percent. the bond pays coupons twice a year. what

is the effective annual yield (eay) on this investment? (round percentage to two decimal places.)
Business
1 answer:
shtirl [24]3 years ago
3 0
The effective interest rate is given by

r= \left(1+\frac{i}{t}\right)^t-1

Given that the <span>bond yeilds an annual yield of 6.7 percent and pays coupons twice a year.

The effective interest rate is given by:

r= \left(1+\frac{0.067}{2}\right)^2-1  \\  \\ =(1+0.0335)^2-1 \\  \\ =(1.0335)^2-1=1.0681-1 \\  \\ =0.0681=6.81\%</span>
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Clemens Inc. is considering a $100 million investment in a new line of soft drinks. However, $100 million is a huge investment f
BARSIC [14]

Answer:

Expand

Explanation:

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3 years ago
Suppose annual salaries for sales associates from Hayley's Heirlooms have a bell-shaped distribution with a mean of $32,500 and
Rashid [163]

Answer:

-1.8

Explanation:

Data provided in the question:

Mean = $32,500

Standard deviation = $2,500

Earning, X = $28,000

Now using the formula provided in the question for the calculation of the z - score, we have

z score = ( X - Mean ) ÷ ( Standard deviation )

on substituting the respective values, we get

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3 years ago
netpass company had 400000 shares of common stock authorized, 360000 shares issued and 160000 shares of treasury stock. the comp
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Answer: $400,000

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Only stock that are ISSUED are to be paid dividends on NOT those Authorized.

Even after that, we would still have to remove the Treasury stock because Treasury Stock is stock that was PREVIOUSLY outstanding but was repurchased by the company and so Dividends will not be paid on them.

So now we calculate the Shares Outstanding that are liable for Dividend payment.

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