Answer: The coupon rate on the bonds is 7.50%.
The current price of a bond is nothing but the discounted value of the coupon payments and the face value at the yield or YTM.
Hence, mathematically the bond's price is given by the formula:
where,
CMP = Current Market Price of the bond
C = Coupon in dollars
r = YTM
n = number of years to maturity
FV = Face Value
Substituting the values in the equation above we get,
Solving further we get,
\mathbf{C = 75.02042315}
Since the dollar value of coupons is $75.02042315, we can calculate the coupon rate on the bonds as:
Answer:
<em>s</em><em>o</em><em>l</em><em>a</em><em>r</em><em>.</em>
Explanation:
<em>s</em><em>o</em><em>l</em><em>a</em><em>r</em><em> </em><em>i</em><em>s</em><em> </em><em>a</em><em>n</em><em> </em><em>e</em><em>m</em><em>e</em><em>r</em><em>g</em><em>i</em><em>n</em><em>g</em><em> </em><em>g</em><em>r</em><em>e</em><em>e</em><em>n</em><em> </em><em>c</em><em>a</em><em>r</em><em>e</em><em>e</em><em>r</em><em> </em><em>d</em><em>e</em><em>d</em><em>i</em><em>c</em><em>a</em><em>t</em><em>e</em><em>d</em><em> </em><em>t</em><em>o</em><em> </em><em>t</em><em>h</em><em>e</em><em> </em><em>d</em><em>i</em><em>s</em><em>c</em><em>o</em><em>v</em><em>e</em><em>r</em><em>y</em><em> </em><em>o</em><em>f</em><em> </em><em>e</em><em>n</em><em>e</em><em>r</em><em>g</em><em>y</em><em> </em><em>u</em><em>s</em><em>u</em><em>n</em><em>g</em><em> </em><em>t</em><em>h</em><em>e</em><em> </em><em>s</em><em>u</em><em>n</em><em> </em><em>a</em><em>s</em><em> </em><em>i</em><em>t</em><em>s</em><em> </em><em>s</em><em>o</em><em>u</em><em>r</em><em>c</em><em>e</em><em>.</em>
The borrower needs to bring the 10% down payment and another $3,3330 for points for a total of $21,830.
Answer=$21,830
Answer:
The answer is: $0
Explanation:
Government entities have to record grant revenue during the period that they occur. The city received notice of this grant last year, so they recorded the grant revenue in last year's financial statements. If they recognize any grant revenue this year, it must come from a new grant.
Answer:
150 tickets
Explanation:
Writing out needed parameters :
Price per student ticket (price of one student ticket) = PHP 75
The total revenue made from ticket sales ; (Total amount earned from the sale of student tickets) = PHP 11,250
The number of student tickets sold will be:
Total amout earned from sale / cost per ticket
PHP 11250 / PHP 75
= 150 tickets