1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
omeli [17]
3 years ago
9

You buy a 6% coupon $1,000 par T-bond 59 days after the last coupon payment. Settlement occurs in two days. You become the owner

61 days after the last coupon payment (59+2), and there are 121 days remaining until the next coupon payment. The bonds clean price quote is 120.59375. What is the full or dirty price (sometimes called the invoice price)
Business
1 answer:
AfilCa [17]3 years ago
4 0

Answer:

dirty price: 1,225.39

Explanation:

When we purchase the bond, we are paying the bond and the accrued interest

<em>bond price:</em> 1,000 x 120.59375/100 = 1,205.9375‬ = 1,205.94

accrued interest at purchase:

face value x bond coupon rate x time

1,000 par value x 6% x 59/(59+2+121) =

1,000 x 0.06 x 59/182 = <em>19,45</em>

Total amount for the bonds: 1,205.94 + 19.45 = 1,225.39

You might be interested in
5. A raise in the price of a product causes _____. a decrease in supply an increase in demand an increase in competition a decre
grigory [225]

Answer:

d

Explanation:

a decrease in competition

6 0
2 years ago
​a senior executive who promotes the project and ensures its support, both financially and administratively, at the highest leve
Kruka [31]
The answer to this problem is "CHAMPION" such as when the <span> Senior Executive of the company who promotes the project and ensures its support, both financially and administratively aspects, at the highest or the top levels of the organization is needed to fill the role of a CHAMPION on a development team where he will leads and facilitate to achieve the common goals of the entire organization.</span>
5 0
3 years ago
The determination of an exchange price acceptable to both the buyer and the seller of a product is called
antoniya [11.8K]

Answer: pricing

Explanation:

Pricing is the determination of an exchange price acceptable to both the buyer and the seller of a product.

When a seller is determining the price of a product, she considers cost of production, projected revenue, price of competitors, market condition and regulation.

A buyer would consider the quality of the product ,economic conditions and utility when deciding on the price to acquire a product.

The different types of pricing strategies are -

1. Penetration pricing - when prices are set very low to attract customers and to gain access into a market.

2. Premium pricing- when prices are set very high so that the product would appeal to certain consumers.

6 0
2 years ago
What is the smallest dollar civil penalty that will be assessed for a single act of misrepresentation?
V125BC [204]

Answer:

The smallest dollar civil penalty that will be assessed for a single act of misrepresentation is $200.

The  correct answer is A

Explanation:

The civil penalty imposed on a single act of misrepresentation ranges between $200 and $10,000. Thus, the smallest dollar penalty is $200.

8 0
2 years ago
Of the two main methods of withholding, only the wage-bracket method distinguishes unmarried persons from married persons.
BigorU [14]
Both the percentage method and <span>the wage-bracket method are used to distinguish unmarried persons from married persons. These methods are useful in the calculation of wages and percentages based on the number of dependents which changes when your status is changed from single to married.</span>
3 0
2 years ago
Other questions:
  • Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transaction
    5·1 answer
  • Barry has a successful methamphetamine laboratory. Producing methamphetamine is illegal under federal law. Is Barry required by
    11·1 answer
  • What drives american free enterprise? the desire for economic equality the need to own a home the need to make a living the desi
    10·2 answers
  • is it legal for south African firms to collude with one another to set prices ,provide some evidence in support of your answer
    6·1 answer
  • A balanced scorecard should not contain any performance measures concerning customer satisfaction since the extent to which cust
    12·1 answer
  • For the Somerset Furniture Company described in Case Problem 10.1 in Chapter 10, determine the product lead time by developing a
    9·1 answer
  • Crane Company had the following account balances:
    6·1 answer
  • The primary goal of a financial manager is​ ________. A. maximizing wealth B. minimizing return C. minimizing risk D. maximizing
    14·1 answer
  • Callaway Golf Co. leases telecommunication equipment from Photon Company. Assume the following data for equipment lease form Pho
    7·1 answer
  • The five 10-year semi-annual coupon bonds listed below are of comparable risk and have the same call provision: 5 years of call
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!