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ohaa [14]
4 years ago
14

4- You are purchasing a 20-year, semi-annual bond with a current market price of $973.64. If the yield to maturity is 8.68 perce

nt and the face value is $1,000, what must the coupon payment be on the bond?
Business
1 answer:
Brut [27]4 years ago
8 0

Answer:

Annual coupon payment = $84

Coupon payment in percentage = 8.4%

Explanation:

Coupon payment amount is calculated using the PMT function in excel as follows:

=PMT(8.68%/2,20*2,-973.64,1000)

=42

Annual coupon payment =42*2 = $84

Coupon payment in percentage = 84/1000 = 8.4%

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The opportunity cost of computer chip production is 2.

<h3 /><h3>Definition of opportunity cost.</h3>

Opportunity cost of the next best option that is forgone when one option is chosen over other options. Opportunity cost is also known as implicit cost.

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In order to determine the opportunity cost divide the number of potato chips by the number of computer chips that can be made.

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