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
bulgar [2K]
4 years ago
9

West Corp. issued 13-year bonds 2 years ago at a coupon rate of 9.4 percent. The bonds make semiannual payments. If these bonds

currently sell for 98 percent of par value, what is the YTM?
Business
1 answer:
finlep [7]4 years ago
4 0

Answer:

9.68%

Explanation:

yield to maturity (YTM) = {coupon + [(face value - market value) / n]} / [(face value + market value) / 2]

face value = $1,000

market value = $1,000 x 0.98 = $980

n = (13 - 2) x 2 = 22

coupon = $1,000 x 0.094 x 1/2 = $47

YTM = {$47 + [($1,000 - $980) / 22]} / [($1,000 + $980) / 2] = $47.9090 / $990 = 0.4839 x 2 (annual rate) = 0.09678 = 9.68%

You might be interested in
What is accountability
Rama09 [41]

Accountability is a promise that a person or a group will be judged on how they perform or behave in relation to anything for which they are accountable.

Though more from the standpoint of oversight, the phrase refers to accountability. For instance, an employee might be in charge of making sure that a response to an RFP (request for proposals) complies with all the standards. Consequences may or may not occur if the work is not completed satisfactorily. Accountability, on the other hand, indicates that the worker is required to successfully complete the task and will need to at least justify their failure.

Learn more about Accountability here

brainly.com/question/980342

#SPJ10

5 0
2 years ago
Which of the following describes Hoover's philosophical approach to stimulating the economy?
zavuch27 [327]

I believe the answer is:B. Top-down approach: give money and loans to businesses so they can create jobs.

Hoover believe that providing the businesses with financial incentive would give more room at their disposal to create jobs. In the long run, this would reduce the amount of unemployment and increase citizen's average disposable income. The situation also tend to attract many investments from foreign countries.

5 0
4 years ago
Read 2 more answers
A network diagramming technique in which boxes represent activities is known as a(n) _____.
Mademuasel [1]
PERT is a review technique/tool, so that can't be it. CPM is Critical Path Method, and you can use a PDM or an ADM to chart it. 

The easy way to remember this answer, is that you write on the arrow when using the "arrow diagram method."  

So the answer is "a. pdm" (precedence diagram method).
7 0
4 years ago
Conversion cost per equivalent unit is the combined costs of direct materials and factory overhead.
Maksim231197 [3]

Answer:

False

Explanation:

Cost

This is simply defined as a payment of cash or the commitment to pay cash in the future for revenues purpose. E.g. The cash used to purchase a tractor, is the cost of the tractor.

Conversion costs

This is simply regarded as direct materials, direct labor, and factory overhead costs that can be selected together or grouped together for analysis and reporting. It consist of direct labor in factory overhead costs.

The Equation for Conversion cost is simply = Direct Labor Cost + Manufacturing Overhead Cost.

While the Equivalent Units of Production = Number of Units Transferred to the next department + Equivalent Units in Ending Works in Process Inventory.

The equation for Equivalent units of production for conversion cost is given below: Units completed and transferred out + Equivalent units in ending work in process for conversion cost.

The equation for Cost per equivalent unit for conversion cost is simply =

(conversion cost of beginning work in process + conversion cost added during the period)/ Equivalent units of production for conversion cost.

8 0
3 years ago
T-bills currently yield 4.8 percent. Stock in Nina Manufacturing is currently selling for $85 per share. There is no possibility
slega [8]

Answer:

The correct answer is $18.206.

Explanation:

The yield percentage is given as 4.8%.

The stock price is given as $85.

The exercise price of the call option is given as $70.

Value of the call option will be

= Stock price- present value of the exercise price

= 85-\frac{70}{1+0.048}

= $85 - $66.79

= $18.206

So, the value of call option is $18.206.

5 0
3 years ago
Other questions:
  • Roles of three employees in the Agriculture, Food, and Natural Resources cluster are given in this chart. A 2-column table with
    10·2 answers
  • The accountant of​ Omega, Inc. failed to make an adjusting entry to record​ $6,000 of unearned service revenue that has now been
    5·1 answer
  • Antiglobalization activists:
    7·1 answer
  • Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data
    15·1 answer
  • Which change was applied to the original paragraph? It was justified. It was left aligned. It was right aligned. It was centered
    15·2 answers
  • Individuals who fail to complete high school are at an increased risk for
    9·1 answer
  • Chuck believes that his business has grown because of his personal involvement in every step of the way. What advice do you offe
    9·1 answer
  • Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investm
    10·1 answer
  • The nominal rate on Sarah’s loan is 7. 250%. If the interest is compounded monthly, what rate of interest is Sarah actually pa
    5·1 answer
  • A bill's supporters in the house of representatives generally prefer ________ while opponents generally prefer ________.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!