Answer:
a)10.35% b) 10.13%
the b. What is the bond's yield to call?
Explanation:
a)K = N
Bond Price =∑ [(Annual Coupon)/(1 + YTM)^k] + Par value/(1 + YTM)^N
k=1
K =10
1100 =∑ [(12*1000/100)/(1 + YTM/100)^k] + 1000/(1 + YTM/100)^10
k=1
yield to maturity% = 10.35
b) K = Time to call
Bond Price =∑ [(Annual Coupon)/(1 + YTC)^k] + Call Price/(1 + YTC)^Time to call
k=1
K =4
1100 =∑ [(12*1000/100)/(1 + YTC/100)^k] + 1060/(1 + YTC/100)^4
k=1
Yield to call % = 10.13
The answer would be (B. To create one related to what you do in your free time) To be interested/motivated in what you are doing, it has to grab your attention, you have to appreciate the topic, best way to make a business you'll enjoy is to create one based around one of you favorite pass times, hobbies, passions, etc...<span />
Three of my financial goal is to save up 20% of my salary in the bank per month. This is a short term goal because the time frame is only after every month.
Then, save up money to start a business is somehow a long-term goal already since there are a lot of things to get through before finally reaching that goal.
Lastly, save up money for retirement. To be able to have a peaceful retirement life, one should prepare for it by not spending too much while still earning. This, of course, is a long-term goal.
When it comes to your money goals, to have clarity and a powerful reminder to keep you on track, you need to "have goals written down."
When goals are written down, it gives you the direction of what needs to be done.
When goals are written down, you follow each step to achieving the goals.
Instead of reacting to the <u>situation</u>, you consciously follow each step or plan daily, weekly, monthly and yearly, to focus on your progress and achievement towards the goals.
Hence, in this case, it is concluded that when goals are written down, it gives a clear purpose and reinforce motivations.
Learn more here: brainly.com/question/19295560
<span>The value of $70.00 invested each year for five years, at an annual interest rate of 3% is as follows, and assumes the interest is left in the account at the end of each year.
Principal Interest balance at end of year
Year 1 $ 70.00 $ 2.10 $ 72.10
Year 2 $142.10 $ 4.20 $146.30
Year 3 $216.30 $ 6.49 $222.79
Year 4 $292.79 $ 8.79 $301.58
Year 5 $371.58 $11.14 $382.72 - final value at the end of five years</span>