Answer:
Hey my best vacation was to India when I had visited a lot of places and temples.....I had also a great time with my family....I had eaten fresh mangoes that grew in my farm....I miss those days
Currently, the FAFSA protects dependent student income up to $6,660. For parents, the allowance depends on the number of people in the household and the number of students in college. For 2019-2020, the income protection allowance for a married couple with two children in college is $25,400.
Adam Smith was the first who alluded to the concept of comparative advantage. This concept has later been elaborated by David Ricardo.
Answer:
The multiple choices are:
$5,006.00
B $5,018.75
C $5,025.00
D $5,028.75
The correct option is B,$5018.75
Explanation:
The key to unlock this question is to know that government securities are usually quoted in 1/32 nds ,which means that in calculating the price the number after 100 is is multiplied by 1/32.
1M means 1000,while 5M means 5000
The price of 5M=5000*(100+12*1/32)%
The price of 5M=5000*(100+0.375
)%
The price of 5M=$5018.75
In this case the bid price which is lower is used when selling securities to the dealer
Answer:
$1,044.57
Explanation:
Price of the bond is the present value of all cash flows of the bond. These cash flows include the coupon payment and the maturity payment of the bond. We calculate the present value of both the coupon payment and the maturity payment.
According to given data
Face value of the bond is $1,000
Coupon payment = C = $1,000 x 8% = $80 annually = $40 semiannually
Number of periods = n = 15 years x 2 = 30 period
YTM = 7.5% annually = 3.75% semiannually
Price of the bond is calculated by following formula:
Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]
Price of the Bond = $40 x [ ( 1 - ( 1 + 3.75% )^-30 ) / 3.75% ] + [ $1,000 / ( 1 + 3.75% )^30 ]
Price of the Bond = $713.17 + $331.40 = $1,044.57