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almond37 [142]
3 years ago
11

A customer purchases 8M of City of Los Angeles 4% G.O.'s, maturing in 2038 at 95. The interest payment dates are Jan 1st and Jul

1st. The trade took place on Tuesday, Feb 1st.
How much will the customer pay for the bonds, excluding commissions and accrued interest?
Business
2 answers:
Temka [501]3 years ago
6 0

Answer:

The amount customers are expected to pay $7600 per bond

Explanation:

8M implies that the municipal bond has  $8000 as its par value.

The amount a customer would is 95% of the par value

Hence, customers are expected to pay $7600 (95%*$8000)

For instance a 5M at 105 means that the par value of the bond is $5000 but issued at 105%, which translates into $5250 without considering commissions as well as the accrued interest on the bond which might also be factored into the price.

erica [24]3 years ago
3 0

Answer:

$7,600

Explanation:

From the question, it can be deduced that the bond was issued at 95% of its par value, while the 8M indicates that it par value is $8,000. Therefore, the amount the customer will pay for the bonds without including commissions and accrued interest can be calculated as follows:

Amount to pay by the customer = Par value × Issued rate

                                                     = $8,000 × 95%

                                                     = $7,600

Therefore, the amount the customer will pay for the bonds without including commissions and accrued interest is $7,600.

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Which method of bond amortization amortizes the premiums/discounts accurately and is considered a conceptually superior method
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A research __________ is any material that can be used to locate information about a given topic.
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A research source or a research literature could specify to any material wherein it can be used to gather and locate information from a given subject or topic. In addition, the information gathered from these sources must be properly cited and paraphrased so as to avoid plagiarism.
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7. How does AJ look tyrannical or monarchical with both the tariff/nullification crisis and Indian removal
lapo4ka [179]

Answer:              

Andrew Jackson (AJ for short) was a statesman. He reached the height of this career when he became the 7th President of the United States (POTUS, having served as a soldier and a general in the United States Army). His administration spanned two terms of 4 years each (1829 to 1837)

In direct reference to the question, it can be said that due to his action, he was rather tyrannical than monarchial.

Explanation

On the overall, AJ is regarded by may historians favorably due to his many big wins. Some of those wins which he achieved as POTUS are:

  1. The payment of a long standing national debt
  2. the conclusion of the "most favored nation" treaty with the United Kingdom, which settled claims of damages against France from the Napoleonic Wars,
  3. Prevention of the renewal of the charter of the Second Bank of the United States which was deemed as corrupt established created to enrich the wealthy at the expense of the plebian class and
  4. the recognition Texas as a Republic. It may be worthy of note that he was the first POTUS to have survived an assassination attempt as a sitting president.

Irrespective of the above, his career was marred by two major dents:

  • The endorsement of the of the 1830 Indian Removal Act which forced many Native American tribes in the South to a space that became known as the Indian Territory. The forceful relocation was deemed necessary by the Blue Bloods (White Population) and resulted in mass suffering, mass death by many who where diseased during the forced relocation.
  • The Nullification Crises: For some reason, the congress approved a bill which by itself was designed to fail or be disapproved. It placed a huge tariff (as much as 45%, a historic high) on the Southern Cotton Farmers. The bill became known as the "Tariff of Abominations". He later conceded to several downward revisions of the tariff, first to 27% and further downwards later but not after it had caused a lot of rift between the state of South Carolina and the Federal Government where in the South Carolina had declared the bill unconstitutional. This call out against the Federal Government became known as the Nullification Crises.

Cheers

6 0
3 years ago
For a class assignment that students are to complete individually, Student A and Student B decide to collaborate. Student A comp
Ratling [72]

Answer:

Both unethical collaboration and plagiarism

Explanation:

Unethical collaboration -

It refers to the practice of sharing common answers or words , is referred to as unethical collaboration .

For example , students copying the same answer is an example of unethical collaboration .

Plagiarism -

It refers to the method of copying some other person's work completely , without the legal consult of the person , is referred to as the practice of plagiarism .

Hence , from the given scenario of the question ,

The correct answer is -  Both unethical collaboration and plagiarism .

6 0
3 years ago
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