Answer:Document Purpose. Documents should be created for explicit purposes or goals that both the writer and the reader would readily agree on. ... Among the most common of these goals are to establish a relationship, to create trust and credibility, and to document actions. hope it helps in someway ig idk
Explanation:
The question is missing an important information. 'The bond is currently selling at an asking price of 101.25' In this part there should have been a date at which date the bond was selling at 101.25.
Nevertheless, I will provide with the calculation, if you find out the date, just plug in the value in it and you will get the answer.
The bond price mentioned is $ 101.25 percent of par, which would be $ 1012.5. Since, it is asking for price at May 1st then you know that it has been 89 days since the last semi-annual coupon was paid ( February 1st (28) + March (31) + April (30) = 89 days.
The missing date (from the question) will be divided by 89 days. The answer will be added to $1012.5.
Answer:
Paul = $616.44
Amy = $1883.56
Explanation:
Given
Full Amount = $2,500
There are 90 days between January 1, 2018 and April.
Calculating the amount generated by Paul;
Paul = $2,500 * 90/365
Paul = $616.4383561643835
Paul = $616.44 ---- Approximated
There are (365-90)days left after April 2, 2018 till December 31, 2018
Calculating Amount Generated by Amy
Amy = $2,500 * (365-90)/365
Amy = $2,500 * 275/365
Amy = $1883.561643835616
Amy = $1883.56 --- Approximated
That is the total allowable deduction for Paul and Amy
