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
erastova [34]
3 years ago
15

Workman Software has 6.4 percent coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and cu

rrently sell for 94.31 percent of par. a. What is the current yield on the bonds?
Business
1 answer:
Marizza181 [45]3 years ago
4 0

Answer:

Coupon (R) = 6.4% x $1,000 = $64

Semi-annual coupon = R/2 = $64/2 = $32

Current market price (Po) = 94.31% x $1,000 = $943.10                                              

Current yield = <u>R</u>

                         Po

                      = <u>$32</u>

                         $943.10

                      =  0.0339 = 3.39%                                                                                                                                                                                                          

Explanation:

The current yield on the bond is a function of coupon divided by the current market price. The coupon will be divided by 2 since the coupon is paid semi-annually.

You might be interested in
list 4 stages of development impacting the airline industry and briefly describe how each has impacted the future direction of t
PolarNik [594]

The 4 stages of development that impacted the Airline Industry are:-

1. <u>Regulation</u>: Strict government control of fares, routes, and entry into markets Regulation resulted from tight ownership control of fares, limited competition on chosen routes, a small market served, a low frequency of city connections, high fares, government bailouts for air carriers, and incentives to increase airline profitability

2. <u>Liberalization</u>: reducing governmental control, increasing bilateral agreements, expanding into new markets, diversifying into new goods, and specialising in specialised markets.

3. <u>Deregulation</u> results in less airfare, improved service, and no government regulation of the market.

4. <u>Re-regulation</u>: Prevent predatory pricing by regulating prices; prohibiting strikes under the Railway Labor Act; updating the air traffic control system to reduce delays; and encouraging development, consolidation, and concentration.

To Learn more about Airline Industry, Click the links.

brainly.com/question/14923148

brainly.com/question/14989240

#SPJ4

6 0
2 years ago
The idea that the white race is superior to other races is called
Bad White [126]

Answer:

racism

Explanation:

4 0
3 years ago
Read 2 more answers
True or false: Managers know the importance of staff orientation, training, and development, so scheduling employees for it rare
Marat540 [252]

It is True that Managers know the importance of staff orientation, training, and development, so scheduling employees for it rarely conflicts with other organizational priorities.

<h3>What is Staff Management?</h3>

Staff management refer to the activities carried out or tasks performed by organization mangers in order to supervise, train, guide, develop and orienttate employees to achieve improved goals or mission. The managers tend to train, orientate and develop their staffs through various means to achieve set goals.

Therefore, It is True that Managers know the importance of staff orientation, training, and development, so scheduling employees for it rarely conflicts with other organizational priorities.

Learn more about Staff management from the link below.

brainly.com/question/1264817

4 0
2 years ago
Which group of people ultimately determines the products that a command economy produces?.
Andre45 [30]

The authorities make a decision on what items and offerings could be produced and what costs could be charged for them.

<h3>Who controls the economic system in a command economic system?</h3>

Command financial system, a monetary machine wherein the approach of manufacturing is publicly owned and monetary interest is controlled through a central authority that assigns quantitative manufacturing dreams and allots raw materials to productive establishments.

Learn more about command economy here brainly.com/question/26262298

#SPJ10

4 0
2 years ago
Read 2 more answers
Sue’s Jewelry sold 20 necklaces for $25 each to a credit customer. The invoice included a 6% sales tax and payment terms of 2/10
ratelena [41]
The right answer for the question that is being asked and shown above is that: "B. debit to Sales Returns and Allowances for $125.00. " Five necklaceswere returned prior to payment. The entry to record the return would include a B. debit to Sales Returns and Allowances for $125.00. 
3 0
3 years ago
Other questions:
  • In response to rising inflation, the Federal Reserve may sell government securities in open market operations in order to:
    5·1 answer
  • What is the purpose of APY?
    11·1 answer
  • If a bank depositor withdraws $1000 of currency from an account, what happens to bank reserves, checkable deposits, and the mone
    5·1 answer
  • One of the criticisms of average cost regulated pricing of a natural monopoly is that the firm Group of answer choices has no in
    14·1 answer
  • Indicate the accounts, amounts, and direction of the effects on the accounting equation under the accrual basis.
    15·1 answer
  • The balance sheet category "Intangible Assets" includes:
    6·1 answer
  • Use below information to prepare general journal entries for Belle Co.'s 1 through 7 transactions.
    6·1 answer
  • Three years ago, you invested $3,350.00. Today, it is worth $4,100.00. What rate of interest did you earn
    15·1 answer
  • PLEASE HELP ASAP 10 min left
    7·1 answer
  • A 15% increase in sales resulted in a 40% increase in net income for Company A and a 60% increase in net income for Company B. B
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!