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James Corporation is planning to issue bonds with a face value of $502,500 and a coupon rate of 6 percent. The bonds mature in 7

sweet-ann [11.9K]

Answer:

a.

Bond Price = $563,333.90007 rounded off to $563,333.90

b.

Bond Price = $502500

c.

Bond Price = $437232.16025 rounded off to $437232.16

Explanation:

To calculate the quote/price of the bond today, which is the present value of the bond, we will use the formula for the price of the bond. As the bond is a semi annual bond, we will use the semi annual coupon payment, semi annual number of periods and semi annual YTM. The formula to calculate the price of the bonds today is attached.

a. Case A: Market interest rate (annual): 4 percent

Coupon Payment (C) = 502500 * 0.06 * 6/12 = $15075

Total periods remaining (n) = 7 * 2 = 14

r or YTM = 4% * 6/12 = 0.02 or 2%

Bond Price = 15075 * [( 1 - (1+0.02)^-14) / 0.02] + 502500 / (1+0.02)^14

Bond Price = $563,333.90007 rounded off to $563,333.90

b. Case B: Market interest rate (annual): 6 percent

Coupon Payment (C) = 502500 * 0.06 * 6/12 = $15075

Total periods remaining (n) = 7 * 2 = 14

r or YTM = 6% * 6/12 = 0.03 or 3%

Bond Price = 15075 * [( 1 - (1+0.03)^-14) / 0.03] + 502500 / (1+0.03)^14

Bond Price = $502500

c. Case C: Market interest rate (annual): 8.5 percent.

Coupon Payment (C) = 502500 * 0.06 * 6/12 = $15075

Total periods remaining (n) = 7 * 2 = 14

r or YTM = 8.5% * 6/12 = 0.0425 or 4.25%

Bond Price = 15075 * [( 1 - (1+0.0425)^-14) / 0.0425] + 502500/(1+0.0425)^14

Bond Price = $437232.16025 rounded off to $437232.16

7 0

3 years ago

One of Sanjay's work responsibilities is to check inspection stations periodically to monitor the quality of the products throug

Nikitich [7]

Answer:

This is an example of quality control

Explanation:

A production process usually involves the action of a variety of things that all perform specific functions towards a common goal, usually the production of a finished good or service. This therefor means that a type of management is needed to ensure that all these aspects are handled in such away that the set organizational needs are met. This can be broadly defined as management control. Management control involves the control and operation aspects of a production process to ensure that the organizational goals are met.

One aspect of management control that is very important in the production environment is quality control. Quality control involves the inspection of the production process and the products to determine the quality. The quality of the process and the products is usually measured against set organizational and production standards. This therefor means that if the process or the production quality falls below the standard, then the quality of the product can be said to be low while if the quality meet or surpass the standards then the quality is high.

Quality control helps companies identify areas that need to be improved, thus raising overall product value.

3 0

3 years ago

Which of the following is a situational characteristics that influences the choice of leadership style for a supervisor?

pav-90 [236]

Answer:

The correct answer is letter "D": Interest in solving a problem.

Explanation:

Situational leadership is exercised by managers when they need to adapt their method of working to the current situation their companies are facing. The key point is to get to the solution of the problem. Thus, the leader does not wait for the subordinates to adapt to his or her leadership style but is the leader who proactively takes a step towards a change.

3 0

4 years ago

Household production consists of Group of answer choices any commodities which are produced at home and then sold. any commoditi

Inessa05 [86]

Answer:

Any commodities which are produced at home and yield utility to the family

Explanation:

Household production occur when member of a household produce goods and service for their own personal consumption or for their own personal use, using their own capital as well as their own unpaid labor .

In another word in HOUSEHOLD PRODUCTION the member of the household are both the producers as well as the consumers of the goods produce by them.

Example of these household consumption are: Foods, Clothes Acommodation among others. Therefore we can vividly say that HOUSEHOLD PRODUCTION consists of Any commodities which are produced at home and yield utility to the family.

3 0

3 years ago

After her first business trip to a major city, Jayla is alarmed when she reviews her credit card receipts. Both the hotel bill a

Leto [7]

Jayla was not overcharged there has to be a reason for the excess amount.

<h3>What is a business trip?</h3>

This is a trip that is undertaken solely for reasons that are work related. Jayla was not overcharged on the trip as there could be a reason for the excess amounts.

<h3>What is an overcharge?</h3>

This is a charge that is said to be too high, based on the services that was rendered to a person.

Read more on business trips here: brainly.com/question/137937

3 0

2 years ago