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pashok25 [27]
4 years ago
8

A 10-year bond with semi-annual coupons is bought at a discount to yield 9% convertible semiannually. If the amount for accumula

tion of discount in the next-to-last coupon is 8, nd the total amount for accumulation of discount during the rst four years in the bond amortization schedule.
Business
1 answer:
Licemer1 [7]4 years ago
7 0

Answer:

The answer is 33.98.

Explanation:

Discount the accumulation of discount in the 19th coupon 18 periods to find the accumulation of discount in the first coupon. Then find the FV of an annuity with 8 as the number of periods with the accumulation of discount in the first coupon as the payment and and you will get 33.98.

Given di19 = C(i − g)v^{20-19+1} = C(i − g)v^{2} = 8, So

= C(i − g)v^{2}(v^{18}+v^{17}+...+v^{11})

=8(\frac{1}{1.045})^{10} \frac{1-(\frac{1}{1.045} )^{8} }{0.045}

=33.98

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George had a previous balance on his credit card of $330.19 on which he paid $50.00. He
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3 years ago
Baltimore Company's complete assets and liabilities are Accounts Receivable $800, Equipment $10,000, Accounts Payable $4,450, Pr
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6 0
3 years ago
Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang
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Answer:

Total= $292,520

Explanation:

Giving the following information:

Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $4,000 and a commission of 2% of sales in dollars. Assume 30% of Zhang's sales are for cash. The remaining 70% are credit sales; these customers pay in the month following the sale.

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Total= $292,520

6 0
3 years ago
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