Answer:
$826.95
Explanation:
To determine the price of Oil Wells' bonds, we can use the following formula:
bond price = semiannual coupon x [(1 - {1 / [1 + (maturity yield / 2)](years × 2)}) / (.0694 / 2)] + face value / [1 + (maturity yield / 2)](years × 2)
Bond price = $28.25 × [(1 - {1 / [1 + (.0694 / 2)](7 × 2)}) / (.0694 / 2)] + $1,000 / [1 + (.0694 / 2)](7 × 2)
Bond price = $757,92 + $69.03 = $826.95
Answer:
reduce
Explanation:
Note that the bank has excess funds and thus wants to increase the number of available loans which in turn increases investment in the economy. For this strategy to work, the bank will reduce the interest rate it places on loans in order to entice its customers to procure the loans it offers.
For example, a bank that usually gives out 150 loans at 15% Interest rate may because of new banking policy and excess reserve decide to increase its loan capacity to around 300 loans per annum at an interest rate of 10%.
Answer:This violates no federal law
Explanation:
Federal laws are bills that have passed both houses of Congress, been signed by the president, passed over the president's veto, or allowed to become law without the president's signature. Individual laws, also called acts, are arranged by subject in the United States Code.
Uncovers root of a problem
<span>b. debit interest receivable for $500 and credit interest revenue for $500
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