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
If the French euro devalued by 17% against the U.S. dollar, this is equivalent to a revaluation of the dollar against the euro b
jenyasd209 [6]

Answer:

C) 20.48%

Explanation:

I will use an example to show this:

1€ = $1

if the euro depreciates by 17%, then the exchange rate will be 0.83€ = $1

in order for the euro to recover its previous value against the dollar, it needs to increase 0.17€ / 0.83€ = 0.2048 = 20.48%

in other words, a 17% depreciation is equivalent to a 20.48% revaluation.

3 0
3 years ago
Which of the following is mostly associated with the federal reserves role as the governments bank
Alecsey [184]
Indian currency value . and law and order RBI role
3 0
3 years ago
The following information is for Chambersburg Corp. for 2018 and 2017. Chambersburg uses the straight-line depreciation method.
photoshop1234 [79]
Gghjuuujh handkerchiefs 2.5
6 0
2 years ago
aner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm ha
NeX [460]

Answer:

1. $ 136,500

2. $70000

3. Medical market

Explanation:

1. Calculation to determine How much would the company's profits increase (decrease) if it implemented the advertising campaign in the MEDICAL MARKET

First is to calculate the sales

Sales = (400 000 + 70 000)

Sales = $470 000

Second step is to calculate the profit

Variable cost =$470 000 *65%

Variable cost=$305 500

Contribution =$470 000*35%

Contribution =$164,500

Fixed Expense= $28 000

Profit = $ 136,500

Now let calculate the Difference made by advertisement

Difference = 136500 - 120000

Difference=16500

2. Calculation to determine How much would the company's profits increase (decrease) if it implemented the advertising campaign in the

DENTAL MARKET

vcr Of The Dental market = 50%

Variable cost =50% $260 000

Variable cost = $130 000

Contribution = $130 000

Fixed expenses = $60 000

Profit = $70000

Now let determine difference made by the advertisement

Difference =(70000) - 48000

Difference= 22000

3. Based On the above calculation the markets I would recommend that the company focus its advertising campaign is medical market

8 0
2 years ago
Abbie Marson is the sole owner and operator of Great Plains Company. As of the end of its accounting period, December 31, Year 1
Allisa [31]

Answer:

b. $103,345

Explanation:

Assets = Liabilities + Owner's Equity

Owner's Equity (Year 1) = $908,100 - $267,845

                                       = $640,255

Owner's Equity (Year 2) = $980,279 - $233,892

                                        = $746,387

increase in Owner's Equity = Owner's Equity (Year 2) - Owner's Equity (Year 1)  

                                             = $746,387 - $640,255

                                             = $106,132

Net income during Year 2 = Increase in Owner's Equity - Additional investment + Withdrawals

                                            = $106,132 - $28,658 + $25,871

                                            = $103,345

Therefore, the amount of net income during Year 2 is $103.345.

7 0
3 years ago
Other questions:
  • The demand for a necessity whose cost is a small portion of one's total income is
    15·1 answer
  • Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The follo
    14·1 answer
  • ____ refers to how the organization meets goals and deals with outsiders
    8·2 answers
  • A prototype includes ________ in a category. an exemplar includes ________ in the category.
    14·1 answer
  • All of the following are among the activities a project manager should undertake to develop a highly effective team EXCEPT: ​ a.
    14·2 answers
  • On february​ 1, a corporation has 30 comma 00030,000 shares of $ 1$1 par value common stock issued and outstanding. the corporat
    5·1 answer
  • Which of the following statements is true of the methods for allocating joint costs? The sales value at splitoff method allocate
    10·1 answer
  • When Maricela looked in her closet and said, "I don't have anything to wear to the party this weekend," she seems to be in which
    6·1 answer
  • Using the Supply and Demand data below, graph the equilibrium price and quantity for the market for oats. Identify the equilibri
    7·1 answer
  • TRUE OR FALSE ? WHY ? Plesae help me
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!