Could be an unsecured loan or a corporate bond
Answer:
Credit is the ability to borrow money and pay letter.
Answer:
effective annual coupon rate = 10.77 %
Explanation:
given data
Coupon Rate = 10.50%
Type of Compounding = Semiannually
Number of Payments in a Year (n) = 2
solution
we get effective annual coupon rate that is
effective annual coupon rate = ............................1
put here value and we get
effective annual coupon rate =
effective annual coupon rate = 0.107756
effective annual coupon rate = 10.77 %
Answer:
The answer is: $339,355
Explanation:
We first find the broker's commission: $359,900 sale price × .05 = $17,995
Then we calculate the amount realized from sale: $359,900 (sale price) - $17,995 (broker's commission) - $2,550 (closing costs) = $339,355
The adjusted basis for this house is: $225,000 (purchase price) + $27,500 (capital improvements) = $252,500
Finally we can now determine the capital gain: $339,355 - $252,500 = $86,855