Answer:
Current price of bond is $1060.47
Explanation:
Coupon payment = 1000 x 8% = $80 yearly = 80/2 = $40 semiannually
Number of periods = n = 8 years x 2 periods per year = 16
Yield to maturity = 7% yearly = 7% / 2 = 3.5%
Price of bond is the present value of future cash flows, to calculate Price of the bond use following formula:
Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]
Price of the Bond =$80 x [ ( 1 - ( 1 + 3.5% )^-16 ) / 3.5% ] + [ $1,000 / ( 1 + 3.5% )^16 ]
Price of the Bond = $80 x [ ( 1 - ( 1.035 )^-16 ) / 0.035 ] + [ $1,000 / ( 1.035 )^16 ]
Price of the Bond = $483.76 + $576.71
Price of the Bond = $1,060.47
The answer is all of the above.
Answer: Four years
Explanation:
I just took a test over this
Transparent, involved, & Empathetic
Transparent – The employees feel a sense of trust in a transparent culture, since they can express their thoughts.
Involved – in helps us employees who have the same shared interest since we are offered a lot of on the job learning and training programs
Empathetic – Our develops need to understand how the users are interacting with our software so can they can improve the product we are selling. When our managers recognize the concerns, they are most effective in that instance.
Answer:
Z-Mart purchased $3,000 worth of merchandise on credit. Transportation costs were an additional $100, paid cash to the cartage company on delivery. Z-Mart returned $300 worth of merchandise and paid the invoice on time, and took a 2% purchase discount. The amount of this payment was <u>$2744</u>
Explanation:
Purchases excluding freight $3,000
Less:Goods returned -$300
Add:freight charges $100
Net Purchases $2,800
Less:Discount on payment($2,800*2%) -$56
Net cash paid $2,844
