Answer:
Bond price= $1,793.62
Explanation:
Giving the following information:
Face value= $2,000
Number of periods= 17
Cupon rate= 0.077
YTM= 0.089
T<u>o calculate the price of the bond, we need to use the following formula:</u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 154*{[1 - (1.089^-17)] / 0.089} + [2,000/1.089^17)
Bond Price= 1,324.21 + 469.41
Bond price= $1,793.62
Answer:
Operating Income= $110,000
Explanation:
Giving the following information:
Robusta Coffee Importers sold 6,000 units in October at a sales price of $35 per unit. The variable cost is $ 15 per unit. The monthly fixed costs are $10,000.
The operating income is the difference between the contribution margin and the fixed costs:
Contribution margin= selling price - unitary variable cost
Operating income= Total contribution margin - fixed costs
OI= 6,000*(35 - 15) - 10,000= $110,000
