If the bond's par value is $1000,current yield be 6.90% and the bond is quoted at 101.17 then the each coupon payment is $34.9.
Given the bond's par value is $1000,current yield be 6.90% and the bond is quoted at 101.17.
We are required to find the amount of each coupon payment.
Bond value=$1000
Current yield=6.90%=0.0690
Bond quoted=101.17
Payment method=Semi annual =2 payments
Computation of annual coupon amount:
Current yield=Annual coupon/(Bond value*Bond quoted)
0.0690=Annual coupon/(1000*101.17%)
0.0690=Annual coupon/1011.7
Annual coupon=1011.7*0.0690
Annual coupon=$69.8073
Computation of each payment:
Each payment=Annual coupon /2 payment
Each payment=69.8073/2
Each payment=34.90365
Hence the amount of each payment of bond having par value of $1000 is $34.9.
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The control systems used in international firms are;
- personal
- bureaucratic
- output
- Scientific
<h3>What is the control system?</h3>
A control system serves as set of mechanical or personal devices that are used in regulating other other devices or systems.
In international firms this control system helps to monitor the ethics, standards that are required by the international firm in relation with other firms across the globe.
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Answer:
Kokomochi
The incremental earnings associated with the advertising campaign in its first year is:
= $0.3 million.
Explanation:
a) Data and Calculations:
Advertising campaign cost = $5.5 million
Mini Mochi Other Products Total
Much
Incremental sales revenue $8.2 million 1.8 million $10 million
Incremental cost of goods sold 5.2 million 1.4 million 6.6 million
Incremental gross profit $3.0 million 0.4 million 3.4 million
Advertising cost 3.1 million
Incremental earnings associated with the advertising campaign = $0.3 million
Advertising cost apportioned to:
This year = $8.2/$14.4 * $5.5 million = $3.1 million
Next year = $6.2/$14.4 * $5.5 million = $2.4 million
You have to pay back interest, and the later you pay, the more you owe!<span />
