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Novosadov [1.4K]
3 years ago
10

Suppose that a Treasury coupon security is purchased on April 8 and that the last coupon payment was on February 15. Assume that

the year in which this security is purchased is not a leap year.
---Answer the following questions.
(b) If the coupon rate for this Treasury security is 7% and the par value of the issue purchased is $1 million, what is the accrued interest?
Business
1 answer:
arsen [322]3 years ago
5 0

Answer:

Accrued Interest = 53 days x Daily interest of 191.78 = $10,164.34

Explanation:

Suppose that a Treasury coupon security is purchased on April 8 and that the last coupon payment was on February 15. Assume that the year in which this security is purchased is not a leap year.

If the coupon rate for this Treasury security is 7% and the par value of the issue purchased is $1 million, what is the accrued interest?

Interest per day = 0.07 x 1,000,000 / 365 =191.78

Feb 15 to Apr 8 = 53 days

Accrued Interest = 53 days x Daily interest of 191.78 = $10,164.34

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Answer:

Antitrust law

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Examples of law promulgated for antitrust are the Sherman act, the Clayton act; all of which are responsible for the prohibition of certain practises by business such as illegal price fixing and corporate mergers which could hinder a market from being competitive, hence break them into smaller units.

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3 years ago
Refer to the supply and demand data for a certain elective surgical procedure. Without health insurance, the equilibrium price a
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$3,000 and 7,000

Explanation:

Please find attached the table used in answering this question

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Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded. As a result of the surplus, price would fall until equilibrium is reached.

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The preemptive right is important to shareholders because it a. allows managers to buy additional shares below the current marke
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Answer:

C. protects the current shareholders against a dilution of their ownership interests.

Explanation:

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4 years ago
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Answer:

The most likely problem to arise due to a shift from socialism to capitalism is unequal distribution of wealth.

Explanation:

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3 years ago
Carla Heinz is a portfolio manager for Deutsche Bank. She is considering two alternative investments of EUR10,000,000. Either sh
astraxan [27]

Answer:

The euro return to investing directly in euros is 180 5% 10% 360   = ×  ÷   , so the euros available in 180 days is EUR10,000,000 × 1.05 = EUR10,500,000. Alternatively, the EUR10,000,000 can be converted into Swiss francs at the spot rate of EUR1.1960/CHF. The Swiss francs purchased would equal EUR10,000,000 / EUR1.1960/CHF = CHF8,361,204. This amount of Swiss francs can be invested to provide a 180 4% 8% 360   = ×  ÷   return over the next 180 days. Hence, interest plus principal on the Swiss francs is CHF8,361,204 × 1.04 = CHF8,695,652. If we sell this amount of Swiss francs forward for euros at the 180-day forward rate of EUR1.2024/CHF, we get a euro

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return of CHF8,695,652 ×EUR1.2024/CHF = EUR10,455,652. This is less than the return from investing directly in euros.If these were the actual market prices, you should expect investors to do covered interest arbitrages. Investors would borrow Swiss francs, which would tend to drive the CHF interest rate up; they would sell the Swiss francs for euros in the spot foreign exchange market, which would tend to lower the spot rate of EUR/CHF; they would deposit euros.

Explanation:

6 0
3 years ago
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