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
barxatty [35]
3 years ago
5

A 4.8% coupon bond with 9 years remaining until maturity is currently trading at $1087.43. Assume semi-annual coupon payments. T

he bond's YTM is __________%. Round your *final* answer to 2 decimal places (example: 12.34). Hint: be sure your inputs reflect the semiannual payment frequency.
Business
1 answer:
eduard3 years ago
6 0

Answer:

3.66%

Explanation:

The yield to maturity can be computed using Excel rate function below:

=rate(nper,pmt,-pv,fv)

nper is the number of semiannual coupons in 9 years i.e 9*2=18

pmt is the amount of semiannual coupon =$1000*4.8%*6/12=24

pv is the current price which is $1087.43

face value is $1000

=rate(18,24,-1087.43,1000)

rate=1.83% (semiannual yield)

annual yield=1.83%*2

annual yield=3.66%

You might be interested in
Write 20 abbreviation and words in full ( manuscript )​
Natasha_Volkova [10]

Answer:

approx. - approximately

appt. - appointment

apt. - apartment

A.S.A.P. - as soon as possible

c/o - care of, used when sending mail to someone who's not at their usual address

dept. - department

D.I.Y. - Do it yourself

est. - established

E.T.A. - estimated time of arrival

min. - minute or minimum

misc. - miscellaneous

Mr. - Mister

Mrs. - Mistress (pronounced Missus)

no. - number

R.S.V.P. - Répondez, s'il vous plait, this initialism comes from the French for "please reply." It's used on invitations to parties and events and is intended (as it says) to be responded to with a "yes, we will attend," or "no, we will not."

tel. - telephone

temp. - temperature or temporary

vet. - veteran or veterinarian

vs. - versus

tsp or t - teaspoon/teaspoons

tbs, tbsp or T - tablespoon/tablespoons

c - cup/cups

gal - gallon

lb - pound/pounds

pt - pint

qt - quart

hope this is what tou looking for. theres more than 20, so you can pick and choose

5 0
3 years ago
How often should you typically monitor your checking account?
Rasek [7]
Every month or so but I typically check every two weeks.
4 0
3 years ago
Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which in
Nady [450]

Answer:

Amount                                              Debit($)                            Credit($)

Assets

Cash                                                   37,641

Office Supplies                                   890

Prepaid Insurance                             4,600

Office Equipment                              12,900

Liabilities

Accounts Payable                                                                        12,900

Equity

Y. Min, Capital                                                                               18,000

Y. Min, Withdrawals                           3,329

Revenue

Engineering Fees Earned                                                             36,000

Expenses

Rent Expense                                     <u>7,540</u>

Total                                                   66,900                                66,900

Explanation:

Trial Balance sheet includes all the accounts available in ledger.

Assets, Liabilities, Equity Revenue and expenses are added, however they are not given in our case

Amount                                              Debit($)                            Credit($)

Assets

Cash                                                   37,641

Office Supplies                                   890

Prepaid Insurance                             4,600

Office Equipment                              12,900

Liabilities

Accounts Payable                                                                        12,900

Equity

Y. Min, Capital                                                                               18,000

Y. Min, Withdrawals                           3,329

Revenue

Engineering Fees Earned                                                             36,000

Expenses

Rent Expense                                     <u>7,540</u>

Total                                                   66,900                                66,900

4 0
3 years ago
When a sales contract is missing terms on when a payment is due, and if the involved parties have not had an established course
Gemiola [76]

Answer:

False

Explanation:

The provision of the Uniform Commercial Code as amended is that any missing terms such as price, quantity,location and expected time of delivery as well as payment terms  can be added to the contract later on with consent of all parties involved or provided in compliance with other commercial codes.

In other words,the fact that payment should be made within seven working days when payment terms are missing is alien to Uniform Commercial Code.

The answer, therefore is false.

7 0
3 years ago
Choose the correct statement about audits of corporations:
Furkat [3]

Answer:A. Public corporations (those whose stock are traded on exchanges) are subject to annual audit as to their compliance with GAAP.

Explanation:GAAP(Generally accepted accounting principles) is a body saddled with the response of ensuring that financial statements are prepared based on certain principles which includes the following.

OBJECTIVITY, MATERIALITY, CONSISTENCY AND PRUDENCE. All public corporations (those whose stock are traded on exchanges) are subject to annual audit as to their compliance with GAAP which regulates Their Financial statement and reports.

8 0
3 years ago
Other questions:
  • The board of directors of UT Wireless, Inc. is considering two compensation plans for the CEO of the company. The first would pa
    10·1 answer
  • According to Marx, an automated welding machine used to assemble automobile bodies would be an example of __________.a. capital
    12·1 answer
  • Jeff Co. sells its giant cheese wheels for $36 per wheel. The contribution margin ratio is 75% and total fixed costs are $270,00
    12·1 answer
  • XYZ Company produces a significant daily amount of electronic waste. The company disposes the waste into the ocean despite stric
    10·1 answer
  • Cost Drivers for Support Department Allocations
    10·1 answer
  • France gave Excelsior's Limited (a U.S. manufacturer of beauty products) permission to export its product to France as long as t
    5·1 answer
  • According to the quadrants of the social style matrix, which of the following should salespeople do when selling to expressives?
    10·1 answer
  • 31)Private property and competition between businesses are common in
    11·1 answer
  • How do you feel about Joe Biden winning?
    8·2 answers
  • ABM Services paid a $2.15 annual dividend on a day it closed at a price of $94 per share. What
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!