Answer:
$48.40
Explanation:
Yield = 6%
Rate = Yield/2 = 6%/2 = 3%
YTM = 9
Nper = YTM*2 = 9*2 = 18
Face value = $1,000
Price(PV) = $920
Monthly payment = PMT(0.03, 18, -920, 1000)
Monthly payment = $24.1833
Coupon rate = (PMT/Face value) * 2
Coupon rate = (24.1833/1000) * 2
Coupon rate = 0.0241833 * 2
Coupon rate = 0.0483666
Coupon rate = 4.84%
Annual coupon payment = Face value * Coupon rate
Annual coupon payment = $1000 * 4.84%
Annual coupon payment = $48.40
Answer:
This type of trade is called Arbitrage trading.
Explanation:
Arbitrage trading a simultaneously selling and buying of financial instruments or entering into various transactions at the same time in at least two different market to make money through the exploitation of price differences.
In this case, because there is price differences between the borrowing market in Japan and deposit market in Australia, the trader can earn profit by borrowing in Japan in yen, converting the amount into AUD and deposit it in Australia to earn 4% per annum profit.
Such scenario exists as a result of market inefficiency. As more and more trader does the same trading, borrowing cost in Japan will be higher ( due to higher demand) and deposit cost in Australia will be lower ( due to higher supply). In the end, market will be efficient and such trading will not lead to any profit gained from price differences.
this was the Fair credit reporting act.
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Answer: b. debenture bonds.
Explanation:
A debenture bond is a debt instrument that is unsecured by a collateral or asset. They are issued by companies to raise capital.
A callable bond is a bond that can be redeemed before its maturity date.
A junk bond is a very risky bond with low credit ratings but pay a higher yield when compared to better rated bonds.
Indebenture bond is a legal document that describes the features and terms of a bond.
Explanation:
i would have to define each of these costs and then assign the best college costs that represents it
a. sunk cost
A sunk cost is a cost that cannot be gotten back, this kind of caost has already being incurred. an example of this college cost would be tuition fee for the past semesters.
b. discretionary cost
this is a cost that the student can survive without. also known as avoidable cost. the cost here would be the amount of money the student spends on dues.
c. commited costs
comitted costs are confirmed costs that the student has to make for services or goods to be taken. this college cost would be book prices
d. opportunity cost as we know is the alternative forgone. that is what was forgone in order to take to schooling. this would be all earnings from working that the individual has foregone since he or she is now a college student
e. this could also be called the incremental cost. thius kind of cost is different between alternatives in in situations where one has to make choices or alternatives. this college cost would be expenditure on attending one school over another school.
f. allocated cost
a cost that is allocated based on the activities that were done while making the product. this would be fee that is charged to a full time college student per course