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Dafna1 [17]
3 years ago
11

What is the current face value of a $1,000 Treasury inflation-protected security if the reference CPI is 203.19 and the current

CPI is 205.47? The coupon rate is 3 percent and the bond was issued two years ago.
Business
1 answer:
Stella [2.4K]3 years ago
3 0

Answer:

$1,011.22

Explanation:

Price = $1000 x (205.47/203.19)

$1000× 1.01122= $1,011.22

Therefore the current face value is $1,011.22

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In 2017, Randa Merchandising, Inc., sold its interest in a chain of wholesale outlets, taking the company completely out of the
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Answer:

Randa Merchandising, Inc.

1. Indication of where each of the following income-related items for this company appears on its 2017 income statement.

Income Statement

1. Net Sales

2. Cost of goods sold

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On January 1, 2021, Legion Company sold $250,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December
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Answer:

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