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
Vlad1618 [11]
3 years ago
9

A four-year bond has an 8% coupon rate and a face value of $1000. If the current price of the bond is $878.31, calculate the yie

ld to maturity of the bond (assuming annual interest payments). Group of answer choices
Business
1 answer:
k0ka [10]3 years ago
7 0

Answer:

Yield to maturity =11.75%

Explanation:

The yield to maturity to Maturity van be worked out using the formula below:

YM =( C + F-P/n)  ÷  ( 1/2× (F+P))

C- annual coupon,

F- face value ,

P- current price,

n- number of years to maturity

YM - Yield to maturity

C- 8%× 1000 = 80, P- 878.31, F- 1000

AYM =  80 + (1000-878.31)/4  ÷  1/2×  (1000+878.31)

        = 110.4225    ÷ 939.155

       = 11.75%

Yield to maturity =11.75%

You might be interested in
What is the hourly wage of an orthodontist in 2012
sashaice [31]
From what I researched $109.99 not sure if that's sure tho
7 0
2 years ago
Read 2 more answers
An advertisement that informs people what a company is, what it can do, and where it is located is referred to as a(n competitiv
STatiana [176]
A competitive institutional advertising is a marketing strategy wherein a company describes itself and where is it located. It is an effective means of advertising because it creates a good image and has its unique philosophy that causes significant attraction to the consumers. 
4 0
3 years ago
in a split offering, a) shares are issued from the corporation and sold by existing shareholders. b) all shares are issued to th
melisa1 [442]

In a split offering, we see that a) shares are issued from the corporation and sold by existing shareholders.

<h3>What is a split offering?</h3>

A split offering is a type of stock issuance that involves the issuing of new stock and existing stock that it is in the market already. This is why it is called a split offering - one side of the offering comes from the corporation, and the other comes from the existing shareholders.

With a split offering, the seller will be existing shareholders and not the company. This means that the corporation that issues the shares, will then cooperate with existing shareholders who will then be the ones to sell the shares.

Find out more on stock offerings at brainly.com/question/13049425.

#SPJ1

4 0
1 year ago
In one of the case studies in the textbook, Ernie Phillips was a CPA who had fallen on hard times both financially and personall
olga_2 [115]

Answer:

The fraud was discovered Option D: The operations manager found a check made payable to Phillips while searching Phillips' desk for some accounting records.

Explanation:

In the given case study, Ernie Phillips had got a job as a 'controller'. He had started writing checks to himself other than the payroll checks.

This fraud can be discovered when the operations manager found a check on Phillips desk which was payable to himself and it was other than the payroll check. Thus, Option D is the statement as an answer.

Cancelled checks do not have to do anything with the fraud, as per Option A, because cancelled checks are never cleared in the bank. The receiver doesn't usually receive a call before check clearance. So, Option B is also incorrect. No error was there in the check as stated in Option C.

8 0
3 years ago
You’ve been asked to participate at a prestigious and well-attended annual conference within your industry. Your participation r
Kay [80]

Answer:

Making sure that your view points are clearly heard.

Explanation:

Effective communication can be defined as the process of passing out information in a clear and concise manner. It is a means of successfully conveying information to the listener.

Effective communication helps to improve productivity among employees in an organisation. This type of communication can be enhanced by a good body language.

In the scenario described above, an effective communication can be achieved by ensuring that your viewpoints are clearly understood by the audience.

4 0
3 years ago
Other questions:
  • If an investment of $45,000 is earning an interest rate of 8.50% compounded annually, it will take for this investment to grow t
    8·1 answer
  • The overhead volume variance relates only to
    10·1 answer
  • Channel members should be evaluated using all of the following criteria EXCEPT which one? A) economic factorsB) control issuesC)
    13·1 answer
  • The government of Semput plans the goods and services that Semput produces, the quantity of goods produced, and the prices at wh
    5·1 answer
  • Bon Nebo Co. sold 25,000 annual subscriptions of Magazine 2018 for $85 during December 2018. These new subscribers will receive
    5·1 answer
  • Firms in a perfectly competitive market are said to be "price takers"—that is, once the market determines an equilibrium price f
    10·1 answer
  • Which stage of the funding life cycle would be most closely associated with funding amounts below $50,000
    5·1 answer
  • It is enough to describe the proposed business as a sole proprietorship in the business description
    14·2 answers
  • Why is it important to plan early for your retirement?
    9·1 answer
  • sheridan company had beginning inventory of $12600 at March 1, 2022. During the month, the company made purchases of $54600. The
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!