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
vredina [299]
3 years ago
12

You find a zero coupon bond with a par value of $10,000 and 13 years to maturity. If the yield to maturity on this bond is 4.7 p

ercent, what is the price of the bond? Assume semiannual compounding periods. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
Svetllana [295]3 years ago
3 0

Answer:

Future Value= $10,000

N=13*2=26

YTM=4.7/2=2.35

PMT=0

PV=?

Enter these in a financial calculator

$5,466.59

Explanation:

You might be interested in
Certain car companies offer performance cars at affordable prices, but in doing so they contribute to climate and environmental
storchak [24]

Answer:

Kaizen Philosophy

Explanation:

Kaizen philosophy refers to good change. It is a Japanese term in which the companies are required to improve their processes continuously. The companies which offer low cost car vehicles are overlooking Kaizen principle because they are contributing to environment pollution. Kaizen principle focuses on new improvements and abolishes old concepts.

4 0
4 years ago
The petty cash fund of $200 for tomkins company appeared as follows on december 31, 2017 cash $50.60 petty cash vouchers freight
ZanzabumX [31]
The journal entry to record expenses in petty cash fund:

Transportation Expense-------------------$58.40
Postage Expense ---------------------------- 40.00
Parties Expense ------------------------------ 20.00
Meals Expense -------------------------------- 25.00
            Petty Cash Fund-------------------------------------$143.40

The journal entry to record the replenishment in petty cash fund:

Petty Cash Fund ------------------------------- $143.40
            Cash ----------------------------------------------------$143.40

The journal entry to record the shortage in petty cash:

Cash Short ----------------------------------------$6.00
            Petty Cash Fund------------------------------------$6.00
6 0
4 years ago
A buyer offers the full $215,000 asking price for a house. The offer contains this clause: "Possession of the premises on August
Sergio [31]

Options:

) The man has accepted the woman's offer. Because the reason for the change was out of the man's control, the change is of no legal effect once he signed the contract. B) The man has rejected the woman's offer and made a counteroffer, which the woman is free to accept or reject. C) While the man technically rejected the woman's offer, his behavior in scheduling movers creates an implied contract between the parties.

Answer: The man has rejected the woman's offer and made a counteroffer, which the woman is free to accept or reject.

Explanation: Since there has been an alteration in the content of the initial agreement between the buyer and the seller, the agreement has become void and hence, the changes makes it a counteroffer which the buyer is free to accept or reject. Even though the change in the initial agreed document is the date, it is enough to render the initial document void as the terms is no longer consistent with what the potential buyer read and signed on.

6 0
4 years ago
Which of the following statements is FALSE? A venture capital firm is a limited partnership that specializes in raising money to
pantera1 [17]

Answer:

Venture capitalists typically control all of the seats on a start-up's board of directors, and often represents the single largest voting block on the board.

Explanation:

A venture capital is a type of capital arrangement by venture capital , provided to start up companies with the prospect of potential growth. Companies that provides financies for start up have a stake in the business they are financing. It is usually a high risk business.

Examples of venture capitalist are

Investment banks, pension funds, insurance companies etc.

Before finances can be made by venture capitalist, the initial capital required to start required to start the business is usually provided by the entrepreneur and his family.

5 0
3 years ago
Hunter’s paradise sells merchandize on account to outdoor haven for $3,280, terms 2/10, n/30. what should the journal entry be t
Schach [20]
These are payment terms in the accounting. The first term 2/10 means that if you can pay the amount after 10 days, you would be given a 2% discount. If not, that's what the second terms means. This means you have to pay the net or full amount within 30 days.

So, if he can pay within 10 days, he will only have to give $3214.4. If not, then he would have to pay $3280 within 30 days.
4 0
3 years ago
Read 2 more answers
Other questions:
  • Anand is a manager who believes that he can force his subordinates to work extra hours through close supervision. He instills fe
    14·1 answer
  • Mass customization is the process in which standardized components and modules are produced and then assembled or configured lon
    15·1 answer
  • What does the project management office do?
    14·1 answer
  • Debate Class: Why should homework be banned? Why does it have a negative effect on student achievement?
    8·2 answers
  • Aurora Enterprises incurs costs of $38 per unit ($27 variable and $11 fixed) to make a product that normally sells for $56. A wh
    15·1 answer
  • You would like to establish a trust fund that would provide annual scholarships of $100,000 forever. How much would you have to
    6·1 answer
  • The management of Ballard MicroBrew is considering the purchase of an automated bottling machine for $120,000. The machine would
    14·1 answer
  • Gossip and rumor in an organization are part of the _____, which itself is a type of ______ communication channel.
    8·1 answer
  • The expected cash balance at January 1, 2016, is $62,000. Brewster wants to maintain a cash balance at the end of each month of
    15·1 answer
  • What modern-day learning technique is most similar to apprenticeship?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!