Coupon rate is the yearly interest earned by a loan and it can be calculated with
where i is the annual interest and p is the par value of the bond or the initial loan amount.
For this particular case, since the semiannual payment is $28.50, then the annual payment is 2 x 28.50 = $57.00.
Thus, we have
From this, the coupon rate is 0.057 x 100% = 5.7%.
Answer: 5.7%
Answer: $245
Explanation:
If the required return on the stock is 7 percent, the current share price would be calculated as:
= 6.60/1.07 + 17.60/1.07^2 + 22.60/1.07^3 + 4.40/1.07^4 + [(4.4 × 1.0525) / (7%-5.25%)] / 1.07^4
= $245.23
= $245 approximately
Therefore, the current share price will be $245
Answer:
Gogle, which was derived from a misspelling of Page's original planned name, (a mathematical term for the number one followed by 100 zeroes).
Explanation:
He federal Fair Credit Reporting Act (FCRA) promotes the accuracy, fairness, and privacy of
information in the files of consumer reporting agencies. There are many types of consumer reporting
agencies, including credit bureaus and specialty agencies (such as agencies that sell information about
check writing histories, medical records, and rental history records). Here is a summary of your major
rights under the FCRA. & do me a favor and follow me on instagram @thatgirl.nay
Answer:
d. 0.8% and 1.3%.
Explanation:
The default risk premiums on the bonds issued by Shell = 6.5% - 5.7% = 0.8%
The default risk premiums on the bonds issued by Ford = 7.5% - 6.2% = 1.3%
Hence, the default risk premium issued by Shell and Ford respectively are 0.8% and 1.3%
