Answer:
$1,008.18
Explanation:
Using a financial calculator, you can calculate the price of this bond with the following inputs;
Maturity of the bond; N= 3
Face value ; FV = 1000
Annual coupon payment; PMT = 7% *1000 = 70
Yield to maturity ; I/Y = 6.69%
then compute the Price; CPT PV = 1,008.182
Therefore, the current price is $1,008.18
Answer:
yes
Explanation:
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Answer:
Option (B) is correct.
Explanation:
Given that,
Required reserve ratio = 15 percent
Bonds sell to public = $25.5 million
Bank reserves decreases by $25.5 million because of the purchasing of bonds from the Fed.
Money multiplier:
= 1/Required reserve ratio
= 1/0.15
= 6.67
Therefore, the money supply decreases by:
= Money multiplier × $25.5 million
= 6.67 × $25.5 million
= $170 million
Answer:
The correct answer is $20,369.65.
Explanation:
According to the scenario, the computation of the given data are as follows:
Payment (pmt) = $2,025
Discount rate ( rate) = 7%
Time period ( Nper) ( 6 -23 years) = 18 years
So, we can calculate the Present value by using financial calculator.
Attachment is attached below.
So, Present Value = $20,369.65
Answer:
The correct answer is option a.
Explanation:
The bureau of labor statistics calculates the data regarding the unemployment rate in the US economy. It calculates the unemployment rate as the ratio of total unemployed to the total labor force.
Those people who are having a job or business and are working for profit or those who are currently unemployed and looking for jobs are included in the labor force. Students, retirees, and discouraged workers are not included in the labor force.
Here, Christopher is neither working for profit nor looking for work so he will not be considered unemployed or in labor force.