Answer: $34.33
Explanation:
From the question, we are informed that bond has a par value of $1,000, a current yield of 6.84 percent, and semiannual coupon payments and that the bond is quoted at 100.39.
Thee amount of each coupon payment goes thus:
We have to calculate the bond price which will be:
= $1000 × 100.39%
= $1000 × 1.39
= $1003.9
It should be noted that the current yield is calculated as the annual coupon amount divided by the bond price. This will be:
6.84% = annual coupon amount ÷ $1003.9
Annual coupon amount = $1003.9 × 6.84%
= $1003.9 × 0.0684
= $68.67
Each coupon amount will now be:
= $68.67/2
= $34.33
Answer:
A mission statement
Explanation:
A mission statement is a brief summary of the values, aims and objectives of an organization or a company. it defines what the company does to the owner, the employees and the customers.
an example of a mission statement of a furniture company:
"We make this affordable & possible by offering a selected range of well-designed, functional home-furnishing products at low prices so that as many people as possible will be able to afford them"
Answer:
Borrowed amount - $2,500
Explanation:
The computation is shown below:
= Opening balance of cash + expected cash receipts - cash disbursements - minimum balance
= $12,000 + $30,000 - $34,500 - $10,000
= $42,000 - $44,500
= - $2,500
The negative amount of $2,500 reflects the borrowed amount which is to be borrowed and are not sufficient balance to maintain the minimum cash balance
Government of South Africa has tye owner of South African Broadcasting Corporation. Is the form of ownership.
Singular command. In a motor vehicle accident with multiple victims, the scene will be chaotic and having a single, clear leader will best help resolve the situation.