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Roman55 [17]
3 years ago
10

Grossnickle Corporation issued 20-year, noncallable, 7.5% annualcouponbonds at their par value of $1,000 one year ago. Today, th

e market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 19 years to maturity?
Business
1 answer:
kicyunya [14]3 years ago
4 0

Answer:

current price of the bond is $1,232.15  

Explanation:

given data

time N = 20 year

annual coupon bonds = 7.5%

future value = $1,000

interest rate = 5.5%

NPER = 19 year

solution

we will use here Present value formula to get current price of the bond.

so here PMT will be

PMT = future value × rate

PMT = 1000 × 7.5 %

PMT =  $75

so we use here formula in excel that is

= -PV(Rate,NPER,PMT,FV,type)

put here value and we get

after solving we get current price of the bond is $1,232.15  

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Closure is the property of an operation and a set that the performance of the operation on members of the set always yields a me
SashulF [63]

Answer:

Set.

Explanation:

Closure property in algebra asserts that 'when an operation(multiplication, addition) takes place among the members of a set, the result produced would surely be a member of that same set.' For example, if we add or multiply two real numbers(members of the same set), the result would be a real number for sure(a member of the same set). It implies that 'real numbers are closed under multiplication and addition.' While if I subtract two real numbers, I may or may not get a real number. Thus, the real numbers are closed under subtraction.

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3 years ago
Research Hershey's organizational chart and organizational structure. Type a one page paper describing Hershey's organizational
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Answer:

It resembles a structure of departmental and grid structure. Like departmental association, it has its own specializations headed by chief. The divisions existed in the firm are as per the following:  

  • boss activities/working official  
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This structure is level in nature, where all the departmental heads are reports to the supervisor Chief Executive Officer as it were. They get orders from the CEO and forward to their subordinates to execute the requests. This is firm is having 3 level administration structure just, for example President, utilitarian heads and officials. with this basic structure, the firm can communicate with others rapidly and without any problem. In the event that there are numerous levels in the center through and through, it sets aside a lot of effort to stream of data or whatever else start to finish and the other way around.  

The dynamic is decentralized right now, practical heads have option to take choice at their level, to the major and corporate level methodologies just they relies upon CEO.

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3 years ago
In the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price leve
timofeeve [1]

Answer:

1.  Rise

2.  Increasing

3.  Rise

Explanation:

For example, the sticky-wage theory asserts that output prices adjust more quickly to changes in the price level than wages do, in part because of long-term wage contracts. Suppose a firm signs a contract agreeing to pay its workers $15 per hour for the next year, based on an expected price level of 100. If the actual price level turns out to be 110, the firm's output prices will RISE, and the wages the firm pays its workers will remain fixed at the contracted level. The firm will respond to the unexpected increase in the price level by INCREASING the quantity of output it supplies. If many firms face similarly rigid wage contracts, the unexpected increase in the price level causes the quantity of output supplied to RISE above the natural level of output in the short run.

The above explanation is the reason why the aggregate supply curve slopes upward in the short run

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3 years ago
Cash Flows from Operating Activities—Indirect Method The net income reported on the income statement for the current year was $1
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Answer:

Explanation:

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4 years ago
Person defines a person waiting for a heart transplant. This class is already written for you. SurvivabilityByAge defines the ra
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Answer:

Explanation:

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The donor heart is matched to the recipient by blood type. More variables are also used to decide which recipient receives a heart if there are not enough hearts available for all recipients waiting for a transplant. The variables included in the decision may include the recipient state of health, cause of the heart condition and the urgency of the transplant.

The main goal of this project is for you to write a matching function that receives as a parameter the number of available hearts for transplant and will output all the recipients ranked in order of precedence.

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