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Elza [17]
3 years ago
6

Weismann Co. issued 15-year bonds a year ago at a coupon rate of 4.9 percent. The bonds make semiannual payments and have a par

value of $1,000. If the YTM on these bonds is 4.5 percent, what is the current bond price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
Neporo4naja [7]3 years ago
6 0

Answer:

The price of the bond is $ 1,041.22  

Explanation:

In calculating the price of the bond i discounted the future cashflows consisting of coupon payment and par value at redemption using the discount factor 1/(1+r)^N where r is the semi-annual YTM and N is the relevant period of cash flow.

The remaining coupon payments imply 14 years as a year has passed since the bond was issued.

Find attached spreadsheet.

Download xlsx
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Two athletes of equal ability are competing for a prize of $12,000. Each is deciding whether to take a dangerous performance-enh
jeka94

Answer:

The format is messed up

Explanation:

5 0
3 years ago
Using the following to answer Q6-Q8: The results of inspection of DNA samples taken over the past 10 days are given below.
Yuliya22 [10]

Answer:

The average defective rate of the samples is:

6.3 samples per day

Explanation:

To calculate the average or mean defective rate, we will compute the total number of defective samples, and divide the result by the total number of days. It is important to note that day 7 is ignored during this calculation because there was no defective DNA sample on that day, hence it does not contribute to the average defective samples.

Total Defective DNA sample = 7 + 6 + 6 + 9 + 5 + 6 + 8 + 9 + 1 = 57

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8 0
3 years ago
Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventor
maw [93]

Answer:

Journal entry for raw material used will be :

Dr. Work in process Inventory $141,000

Cr. Raw materials Inventory $141,000

Explanation:

The beginning Raw Materials Inventory balance = $22,000

The materials used to complete jobs during the month = $141,000 of direct materials and $13,000 of indirect materials

Journal entry for raw material used will be :

Dr. Work in process Inventory $141,000

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The form of inventory is modified but the company's assets remain in the form of Work in Process. Assets are debited at all times.

5 0
3 years ago
Which of the following should men avoid wearing in the workplace?
Brilliant_brown [7]

Answer:

D. Sandals

Explanation:

Sandals aren't a preferred clothing item when going into a workplace, it's more informal than the other options provided.

4 0
2 years ago
Example of small scale business​
Mandarinka [93]
Found this online:

Few examples of small scale industries are paper, toothpick, pen, bakeries, candles, local chocolate, etc.

I hope this helps.
If it doesn’t than I would maybe get a second opinion. :)
6 0
2 years ago
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