Answer and Explanation:
The following are the items that considered as a source documents
a. sales ticket
b. Telephone bill
c. Invoice from supplier
d. The bank statement
These four items would be classified as source documents
Basically the source document is the information that used as a source for recording the accounting entries either in electronic form or in paper form
Accountancy is accountants have long coffee
An investor holds a 4% corporate bond with a yield to maturity of 2.75%.
a) $27.50 will be received in interest on each of the scheduled interest payment dates.
A corporate bond is a type of bond issued by a company and sold to investors. The company receives the required capital and in return the investors receive a predetermined number of interest payments at fixed or variable interest rates.
Corporate bonds are bonds issued by companies to raise funds for a variety of reasons, including B. For ongoing business, M&A, or business expansion. This term is usually used for long-term debt instruments with a maturity of one year or more.
Learn more about corporate bonds here: brainly.com/question/9817093
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Answer:
The strategy is to convert the U.S. $1,000,000 into Won at the spot exchange rate of 200 Won/$, and then inevest it in South Korea by hedging with a short position in the forward contract.
Explanation:
From the question, the following facts can be obtained:
1. The 13 percent interest rate in South Korea (on an investment of comparable risk) is greater than the 1.810 percent (that's a six month rate, not an annual rate) U.S. T-bills.
2. The six month forward rate of 220 Won/$ is greater than the spot exchange rate of 200 Won/$.
Based on the 2 facts above, the best strategy is to convert the U.S. $1,000,000 into Won at the spot exchange rate of 200 Won/$, and then inevest it in South Korea by hedging with a short position in the forward contract.