1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natali5045456 [20]
3 years ago
14

Best Lodging has $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in 5 years, and have a 6 per

cent coupon. The current price $1,010. What is the yield to maturity?

Business
1 answer:
Julli [10]3 years ago
5 0

Answer:

5.77%

Explanation:

In this question, we use the rate formula which is shown in the spreadsheet.  

The NPER represents the time period.

Given that,  

Present value = $1,010

Future value = $1,000

NPER = 5 years × 2 = 10 years

PMT = (1,000 × 6%) ÷ 2 = 30

The formula is shown below:

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

The present value come in negative

So, after solving this, the answer would be 5.77%

You might be interested in
Jeff brooks has recently moved into an apartment and has discovered that the previous tenant forgot to turn off the cable tv ser
SashulF [63]
<span>Economists would describe Jeff as a user of a public good. Jeff would be considered this because he is consuming something, but this consumption does not reduce the availability of the thing being consumed for others. Jeff is using the cable service, but this does not prevent anyone else from receiving and watching a cable service.</span>
4 0
3 years ago
True or false. When starting out of a career, you should always work at least two jobs so that you can accumulate money for inve
Murljashka [212]
This answer is correct it is true
5 0
3 years ago
The following is a payroll sheet for Otis Imports for the month of September 2020. The company is allowed a 1% unemployment comp
DENIUS [597]

Answer:

a) I used an excel spreadsheet since there is not enough room here.

September 30, 202x, wages expense

Dr Wages expense 33,500

    Cr Federal income tax withholdings payable 3,350

    Cr FICA taxes (withholdings) payable 2,722.25

    Cr Wages payable 27,427.75

           

b) September 30, 202x, payroll taxes expense

Dr FICA taxes expense 2,722.25

Dr FUTA tax expense 5.60

Dr SUTA tax expense 7

    Cr FICA taxes withholdings payable 2,722.25

    Cr FUTA taxes payable 5.60

    Cr SUTA taxes payable 7

c) September 30, 202x, payment of payroll liabilities

Dr Wages payable 27,427.75

Dr Federal income tax withholdings payable 3,350

Dr FICA taxes withholdings payable 5,444.50

Dr FUTA taxes payable 5.60

Dr SUTA taxes payable 7

    Cr Cash 36,234.85

Download pdf
8 0
3 years ago
______ consist of standards and tools that streamline and simplify communication among web sites and that promise to revolutioni
lesya692 [45]
The blank is Web services.
7 0
3 years ago
WILL MARK BRAINLIEST<br><br>List four ways that you might expand your substitute resources.​
Anarel [89]

- add new products to the mix

-expand into new territories

- target new customer markets

- sell more products/ services to your existing customers

5 0
3 years ago
Other questions:
  • Q 1.16: spelling corporation only maintains enough finished product inventory to cover their average weekly order volume. althou
    12·1 answer
  • What is one of the largest contributors to health problems in low-income countries?
    7·1 answer
  • During a​ period, 40,200 units were completed and​ 3,200 units were in ending WIP Inventory. Ending WIP was​ 95% complete for di
    5·1 answer
  • Consider where you currently work, where you have previously worked, or a well-known company where you would like to work. How w
    6·1 answer
  • Price Per Unit Quantity Supplied Quantity Demanded $10 100 295 11 150 275 12 190 250 13 220 220 14 245 180 15 265 135 If a techn
    10·1 answer
  • Caleb purchased his first home for $420,000. He made a 10% down payment and financed the remaining purchase price. The terms of
    15·1 answer
  • Assume that the hypothetical economy of Molpol has 8 workers in year 1, each working 1,200 hours per year (40 weeks at 30 hours
    13·1 answer
  • Sheffield Corp. has the following transactions related to notes receivable during the last 2 months of 2020. The company does no
    7·1 answer
  • Net Games Corporation hires Holley, a minor, to create new customized game software for certain clients. Holley signs a contract
    5·1 answer
  • Free coins just say sweetspotmaster is the best
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!