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
VikaD [51]
3 years ago
6

Heath Food Corporation’s bonds have 7 years remaining to maturity. The bonds have a face value of $1,000 and a yield to maturity

of 8%. They pay interest annually and have a 9% coupon rate. What is their current yield?

Business
1 answer:
joja [24]3 years ago
3 0

Answer:

8.55%

Explanation:

For computing the current yield first we have to determine the present value by applying the present value formula which is shown below:

Given that,  

Future value = $1,000

Rate of interest = 8%

NPER = 7 years

PMT = $1,000 × 9% = $90

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

After solving this, the present value is $1,052.06

Now the current yield is

= PMT ÷ PV

= $90 ÷ $1,052.06

= 8.55%

You might be interested in
An upward-sloping labor supply curve implies that Group of answer choices a firm can always hire more workers, even without incr
Crank

Answer:

more workers are willing to work as the market wage increases.

Explanation:

IF the labour supply curve is upward sloping, its that  means there is a positive relationship between wages and labour supply. The higher the wages, the higher the number of workers willing to work. The lower the wages, the lower the number of workers willing to work

Please check the attached image for a upward sloping labour supply curve

3 0
3 years ago
Martine Piccirillo works as the payroll clerk for Centinix, a security company that hires many part-time and temporary workers w
Serga [27]

Answer:

  1. The Fair Labor Standards Act (FLSA) sets the federal standards for minimum wage, overtime pay, record keeping, and child labor. This includes any full time or part time worker employed by Centinix.
  2. The Immigration Reform and Control Act (IRCA) prohibits employers from hiring (or even recruiting) any alien/foreign citizen that doesn't have a proper work authorization. That means that all Centinix's employees should have a green card.

4 0
3 years ago
Identify the item below that is accurate regarding preparer retention of records.a. The preparer must make the copy or record of
AveGali [126]

Answer:

D. all of the above

Explanation:

a. The preparer must make the copy or record of returns and claims for refund and record of the individuals required to sign available for inspection upon request by the commissioner.

b. The preparer must retain a completed copy of each return or claim for refund prepared or retain a record by list, card file, or otherwise, of information, as required by regulation, about each return prepared.

c. The preparer must retain information about the preparer of each return presented to a taxpayer for signature. This information may be retained via retention of a copy of the return or claim for refund, maintenance of a list or card file, or otherwise.

7 0
3 years ago
Emily/red sued document security company, alleging he had suffered injuries to his hands as a result of attempting to fix a jam
Darya [45]
<span>Emily has no case as Toyosan's safety equipment (the airbag) deployed correctly. The safety equipment is there to save lives and reduce serious injury, not eliminate damage completely. Emily would need to sue the driver that caused the accident.</span>
5 0
3 years ago
A-Plus Linens sent the following notice to John C. Lincoln Hospital: "We'll pay you. Drop your current linen service and we'll g
ehidna [41]

Answer:The answer is a

Explanation:

A contract is an agreement between two or more parties which contains the terms and conditions of the contract and which also serve as an evidence that the two parties in the contract has a duty to perform to each other. The terms and conditions of the contract can be enforced in the court of law in case of a breach of contract which may come from either parties in the contract agreement. While, a contract interference is a kind of breach of contract in which one vendor put a pressure on the organization in which they offer service to withdraw from the contract the organization earlier had with one of their competitors in the market. This contract interference can occur when a vendor either force or put a financial inducement on the organization with a view to make them consider their proposal to the organization to eventually agree to abandon the contract they had with their competitors in favour of getting the contract instead of their competitors who should get the contract.

Therefore, from what we can deduce from the question under review, it is clear that A plus linen has engage in contract interference by offering John C Lincoin hospital $5 for every 100 pound of linen they send to them by dropping their current linen service.

5 0
3 years ago
Other questions:
  • A client has asked for your help to set up a recurring transaction. She wants to create a recurring sales receipt. This is the p
    8·1 answer
  • If a developing country wishes to attract mass tourism it must:
    5·1 answer
  • What is the best ice cream ever?​
    12·2 answers
  • Your goal is to have $15,000 in your bank account by the end of four years. If the interest rate remains constant at 4% and you
    5·1 answer
  • Optimus Company manufactures a variety of tools and industrial equipment. The company operates through three divisions. Each div
    13·1 answer
  • A citizen of one country working in another country and employed by an organization headquartered in the first country in called
    12·1 answer
  • A manager in your organization just received a special order at a price that is "below cost." The manager points to the document
    10·1 answer
  • The efficient market hypothesis rests on which of the following assumptions?I. Information is widely available to all investors
    8·1 answer
  • Your sister is thinking about starting a new business. The company would require $300,000 of assets, and it would be financed en
    7·1 answer
  • Suppose you have $850 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. Ho
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!