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Artemon [7]
3 years ago
8

The National Insurance Corporation has​ $1,000 par value bonds with a coupon rate of​ 8% per year making semiannual coupon payme

nts. If there are twelve years remaining prior to maturity and these bonds are selling for​ $876.40, what is the yield to maturity for these​ bonds?
Business
1 answer:
Reil [10]3 years ago
5 0

Answer:

YTM is 9.625%

Explanation:

Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity.

Face value = F = $1,000

Coupon payment = $1,000 x 8% = $80/2  = $40 semiannually

Selling price = P = $876.40

Number of payment = n = 12 years x 2 = 24

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

Yield to maturity = [ $40 + ( 1000 - 876.4 ) / 24 ] / [ (1,000 + 876.4 ) / 2 ]

Yield to maturity = 9.625%

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The Constitution sets forth specific powers that can be exercised by the national government and provides that the national gove
jasenka [17]

Answer:

All other powers are reserved by the states under the tenth amendment. So in the USA, national government according to the constitution has the specific powers that it can use to deliver best to the people. These powers are delegated to national government because they are elected by the people of USA and owe a duty of care to them by giving them powers to act in their best interest.

6 0
3 years ago
Benefits can represent more than ______ of the employer's total payroll costs. a. 28 percent b. 7 percent c. 66 percent d. 12 pe
gtnhenbr [62]

Answer:

b. 7 percent

Explanation:

Benefits here means the statutory benefits that the employees have a right to receive. These on the legal terms are the requirements, as the employer is required to contribute around 7.65% of the salary paid to the employee towards benefits of social security and Medicare.

This clearly is the standard set for the payroll. Now this also provides for the minimum contributions, thus it provides that at-least these are to be made.

Thus, each employer when making a standard salary shall contribute more than 7% towards the benefits of the employees.  

4 0
3 years ago
Identify at least four different types of financial statement users and discuss why each would use the financial statements.
GarryVolchara [31]

Answer:

Government authorities :

They will use the financing statement to ensure the fairness of the business and to receive proper amount of tax.

Investors :

Current or potential investors would check financial statements to ensure they will suitable returns after investment.

Creditors :

They will check financial statements to make sure they get their due money back.

Employees :

The employees will ask for bonus if the company performance in statements is good,

8 0
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n200080 [17]

A form of business ownership that provides limited liability to its owners, but is taxed as a partnership is a Limited Liability Company (LLC).

Limited Liability Company (LLC) is a form of business structure that gives protection to its owners against any debts or liabilities owned by the company. This means that the liability of the owners is limited to the amount of investment they have in the company.

This type of business is growing primarily in the United States. They do not pay taxes on their profits directly. Their profits and losses are passed through to members, who report them on their individual tax returns.

Therefore, Liability Company (LLC) is a form of business ownership that provides limited liability to its owners, but is taxed as a partnership.

Learn more about Limited Liability Company (LLC) in this link : brainly.com/question/13888388

3 0
2 years ago
Taxes are used for which of the following?
Mashutka [201]

All of the above. Taxes are used for each of these.

4 0
3 years ago
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