Answer:
C) greater than 5.2%"
Explanation:
Options': <em>"</em><em>A) 52% B) less than 5.2% C) greater than 5.2%"</em>
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Coupon = 0.04*1000 = 40
FV = 2000
Ytm = 5.2
N = 10
Present value = PV(5.2%, 10, 40, 1000)
Present value = $908.23
Now, after 2 years, the price is same but as maturity period is 8 years so the YTM would be
YTM = Rate(8, 40, -908.23, 1000)
YTM = 0.0545
YTM = 5.45%
So, the YTM is greater than 5,2%
Answer & Explanation:
The carrying value of the company is $3000 ($23000 - $20000) and the amount paid is $700 for the exchange of a truck worth $5700. The entry for such an exchange will be:
Dr Truck- Accumuated Depreciation $20000
Dr New Truck (Balancing amount) $3700
Cr Asset Cost $23000
Cr Cash Paid $700
So the new value that must be recognized as asset value in the Statement of Financial Position for the year is $3700.
So the option C is correct.
The choices were; a. informal, b. chronological, c. serialized, d.conversational, e. solicited.
The answer is, e. solicited.
A solicited letter is written by the job hunter to the employer. It indicates the kind of working position the job hunter is applying for and also how she/he had learned there is a job opening in that position.
The employer gets a specific idea on the job hunter's intention and also learn that the ads or announcement reached them.