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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.

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Answer:

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Explanation:

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The strength of the conceptual model lies in its ability to understand and accurately organize data for an organization.

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3 years ago
Complete the following sentences:
Umnica [9.8K]
First A: customer, answer would be c.
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In its first year of operations, Cloudbox has credit sales of $200,000. Its year-end balance in accounts receivable is $10,000,
bulgar [2K]

Answer:

Cloudbox

a) Year-end adjusting entry to estimate bad debts expense:

Debit Bad Debts Expense $1,500

Credit Allowance for Uncollectible accounts $1,500

To record the uncollectible allowance.

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Accounts receivable (net)   8,500

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Explanation:

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6 0
2 years ago
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Answer:

Check the explanation

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The raw material that was used during the month is calculated by adding beginning inventory with purchases and deducting the ending inventory from it.

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The beginning and ending balance are also given only purchases are rising, which can be calculated as given above.

Kindly check the workings in the attached image below.

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3 years ago
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