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e-lub [12.9K]
3 years ago
15

Consider the bond (newly issued, issued on Nov 2013) for a country A: Face value $10 million Coupon rate 4.3% If this bond is pu

rchased (in April 2014) at $7 million, instead of $10 million, the yield would be:
Business
1 answer:
marishachu [46]3 years ago
6 0

Answer:

Current Yield = 6.14%

Explanation:

Face Value = $10 million

Current Price = $7 million

Coupon Rate = 4.3%

Coupon Payment = 10 x 4.3% = $430,000 annually

Current yield = Annual Coupon Payment ÷ Current price of the bond

Current Yield = $430,000 ÷ $7,000,000 = 6.14%

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All of the following statements about agriculture in market economic systems are true EXCEPT
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Answer:

B, In response to low crop prices and overproduction, it is being replaced by intensive subsistence farming.

Explanation:

A market economic system is one in which laws of demand and supply determine the production of goods and services. Agriculture in market economic systems is not being replaced by subsistence farming because subsistence farming is low scale farming that meets the needs of a family and as such is not affected by any laws of demand and supply as in commercial farming.

Cheers.

3 0
3 years ago
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A. Smaller is the econom
lina2011 [118]

Answer:

The correct answer is option C.

Explanation:

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So, a reduction in the government spending will be more effective in curbing demand-pull inflation if the marginal propensity to consume is higher and marginal propensity to save is smaller.

5 0
3 years ago
During December, Far West Services makes a $2,200 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.
klasskru [66]

Answer:

This long of a question for onmly 10 points? But ill answe rit anyway. 48000299 the 200

Explanation:

3 0
3 years ago
Debts and obligations of a business are referred to as:.
sertanlavr [38]

Answer:

Liabilities

Explanation:

Liabilities are the debts and obligations that a business owes.

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