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
coldgirl [10]
3 years ago
8

Big Canyon Enterprises has bonds on the market making annual payments, with 12 years to maturity, a par value of $1,000, and a p

rice of $1,030. At this price, the bonds yield 6.14 percent. What must the coupon rate be on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Business
1 answer:
PSYCHO15rus [73]3 years ago
4 0

Answer:

6.32%

Explanation:

Bonds yield amount = $1,030 × 6.14% = $63.242

Coupon rate = Bond yield amount ÷ Par value of the bond = $63.242 ÷ $1,000 = 0.063242, or 6.32%

Therefore, the coupon rate on the bonds must be 6.32%.

You might be interested in
Mary's bakery is trying to determine what price to charge for her cookies, so mary places a low price on them and raises it each
AfilCa [17]
The answer is that, "Mary was conducting an experiment".
Mary has done the experiment by raising the price of cookies every week, and when her experiment finished, she concluded a result from her experiment about the price of cookies which is more profitable. So in daily life we do many experiments to get conclusion from them sometimes it takes more time some times less.
3 0
3 years ago
Smith Company reported pretax book income of $400,000. Included in the computation were favorable temporary differences of $50,0
Hoochie [10]

Answer:

$10,200

Explanation:

The computation of the deferred income tax expense or benefit is shown below:

Favorable temporary difference = $50,000

Less:  Unfavorable temporary difference -$20,000

Net favorable temporary difference $30,000

We assume the tax rate is of 34%

So, the deferred tax expense is

= $30,000 × 34%

= $10,200

By finding out the net favorable temporary difference and then multiplied with the tax rate we can get the deferred tax expense and the same is shown above

3 0
3 years ago
All of the following are arguments against increased social responsibility except:________.
Sveta_85 [38]
You can’t see any options so no one will know what to answer.
5 0
3 years ago
Read 2 more answers
How do i know if i received the third stimulus payment?.
alexandr1967 [171]

Answer:

Use the IRS Get My Payment tool to track stimulus money

For the third stimulus check: It's worth visiting the IRS' online portal designed to track the status of your 2021 payment. Generally, it should tell you when your check will be processed and how you'll receive it: for example, as a paper check in the mail.

Explanation:

4 0
2 years ago
Tom Jordan is a manager for a McDonald's restaurant. Many of his key responsibilities include analyzing data and making key deci
Ksivusya [100]

Answer: Sensitive analysis

Explanation:

Sensitivity analysis this is a financial standard that is used to regulate how target variables can be affected based on changes in other variables which known as input variables. This is also known as what-if or simulation analysis. It is a way used in predicting an outcome of a decision under a known range of variables.

4 0
3 years ago
Other questions:
  • Wildhorse Magazine sold 9,240 annual subscriptions on August 1, 2017, for $17 each. Prepare Wildhorse’s August 1, 2017, journal
    9·1 answer
  • The Presidential Cabinet consists of _____.
    8·1 answer
  • Consider three different closed economies with the following national income statistics. Country A has taxes of $40 billion, tra
    8·1 answer
  • On January 1 2016, Paulus Company purchased 75% of Sweet Corporation for $500,000. Sweet’ stockholders’ equity on that date was
    14·1 answer
  • Daves Inc. recently hired you as a consultant to estimate the company's WACC. You have obtained the following information: the f
    10·1 answer
  • January 1, 2021, Smith Co. purchased common stock of North Company for $500,000. North Company has common stock outstanding of $
    9·1 answer
  • Ellen Carson’s sales for 5 months were $26,908, $28,386, $28,730, $27,290, and $29,009. What must be her sales next month if she
    12·1 answer
  • Claudia, a legal assistant, has been vested by her employer after having worked with the employer for ten years. This implies th
    8·1 answer
  • If the quantity of real domestic output demanded increased by $1,000 at each price level, the new equilibrium price level and qu
    7·1 answer
  • the aarp (american association of retired persons) pays to run an advertisement on certain television stations about protecting
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!