Answer:
b. 5.27%
Explanation:
First, find the PV of the bond today. With a financial calculator, input the following and adjust the variables to semi-annual basis;
Face value; FV = 1000
Maturity of bond; N = 15*2 = 30
Semiannual coupon payment = (8.75%/2)*1000 = 43.75
Semi annual interest rate; I/Y = 3.25%
then compute Price; CPT PV= 1,213.547
Next, with the PV , compute the yield to call (I/Y) given 6 years;
Maturity of bond; N = 6*2 = 12
Semiannual coupon payment = (8.75%/2)*1000 = 43.75
Price; PV= -1,213.547
Face value; FV = 1,050
then compute Semiannual interest rate; CPT I/Y = 2.636%
Convert the semiannual rate to annual yield to call = 2.636*2 = 5.27%
<h3>There are fourteen principles of management. They are:</h3>
- Division of work
- Authority and responsibility
- Discipline
- Unity of Command
- Unity of Direction
- Subordination of individual interest
- Remuneration
- Centralization
- Scaler Chain
- Order
- Equidity
- Stability
- Initiative
- Escript de Crops
Answer and Explanation:
The preparation of the balance sheet is presented below:
Assets
cash $11,000
account receivable $15,000
equipment $10,000
buidlings $65,000
land $31,000
Total assets $132,000
Liabilities and stockholder equity
Account payable $11000
common stock $80,000
retained earnings $41,000
Total Liabilities and stockholder equity $132,000
The best answer for this statement would be:
are not subject to the timing problems of discretionary fiscal policy
<span>There is a fact that automatic stabilizers increase the chance of depleting the budget deficits, even in times of recessions. While discretionary fiscal policy is more of identifying the lags to enact the change in fiscal policy.</span>
Answer:
$29,400
Explanation:
Straight line depreciation expense = (cost of asset - Salvage value) / useful life
Cost of asset = $150,000 + $20,000 + $7,000 = $177,000
($177,000 - $30,000) / 5 = $29,400
I hope my answer helps you
