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
velikii [3]
3 years ago
12

A $1,000 face value bond is currently quoted at 101.2. the bond pays semiannual payments of $28.50 each and matures in six years

. what is the coupon rate?
Business
1 answer:
goblinko [34]3 years ago
7 0
Coupon rate is the yearly interest earned by a loan and it can be calculated with

C = \frac{i}{p}

where i is the annual interest and p is the par value of the bond or the initial loan amount.

For this particular case, since the semiannual payment is $28.50, then the annual payment is 2 x 28.50 = $57.00.

Thus, we have 

C = \frac{57}{1000} = 0.057

From this, the coupon rate is 0.057 x 100% = 5.7%.
Answer: 5.7%

You might be interested in
An example of a product that would be sold through niche marketing is
elixir [45]

a toothpaste with a whitening agent and cavity fighting protection

3 0
3 years ago
Describe the process of roof top vegetable production?​
GrogVix [38]

Answer:

Rooftop farming, popularly known as "Kaushi Kheti" is the cultivation of different food crops in the roof of buildings which is usually done in the city areas where there is no adequate agricultural lands.Start with a plan. ...

Consult with the building engineer. ...

Check into access. ...

Use sturdy materials. ...

Find a water source. ...

Look for storage space. ...

Pick the right planting medium.

Explanation:

4 0
3 years ago
Scientists assign each kind of organism a universally accepted name in the system known as:.
Viefleur [7K]

Answer:

Binomial nomenclature.

Explanation:

What is Binomial nomenclature?

a system for giving each organism a two-word latin name that consists of the genus name followed by the specifies name taxonomy.

4 0
2 years ago
Read 2 more answers
Does supply curve shift to the left or right​
erastova [34]

Answer:

An increase in the change in supply shifts the supply curve to the right, while a decrease in the change in supply shifts the supply curve left....

8 0
3 years ago
Read 2 more answers
When it comes to decision making, in a limited partnership there is no separation of ownership and control limited partners have
kati45 [8]

Answer:

yes, there is no separation between the administration and ownership in a partnership.

the partnership contract stipulates which partners have the decision making ability and which partners don't. We cannot say specifically that limited partners have no say in decision making.

Moreover, the control of the partnership is not based on the amount invested like in corporations. that too is based on the contract. however, in practice, yes if you have more money invested in the business, you have more influence.

Explanation:

7 0
2 years ago
Read 2 more answers
Other questions:
  • ECONOMICS: Opportunity Costs: Suppose on Friday night you have a choice to go either to a Katy Perry concert or a Lady Gaga conc
    12·2 answers
  • Forty Winks Corporation manufactures night stands. The production budget shows that Forty Winks Corporation plans to produce 1 c
    9·2 answers
  • Blue Jeans Co.., can produce 1,300 pairs of pants per hour, at maximum efficiency. There are three eight-hour shifts each day. D
    13·1 answer
  • When making important life choices, people who accept the "right livelihood" concept consider the importance of financial stabil
    12·1 answer
  • Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of u
    7·1 answer
  • One consequence of a property distribution by a corporation to a shareholder is thatA.the holding period of the distributed prop
    6·1 answer
  • Assume you receive a 3.5% raise in your 2014 salary for 2015. In addition, suppose the CPI was 238 in 2014 and 240 in 2015. Your
    6·1 answer
  • You've never had a job so decided that it's time to start applying. When filling out
    13·1 answer
  • Kamal plans to save $7,000 a year for 17 years starting a year from today. He expects to earn 9% on his investment. How much wil
    11·1 answer
  • An expanded income statement is generally divided by the different categories of revenue. the most common categories are:_______
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!