Answer:
YTM = 8.93%
YTC = 8.47%
Explanation:
The first part is the present value of the coupon payment until the bond is called.
The second is the present value of the called amount
P = market price value = 1,200
C = annual coupon payment = 1,000 x 12% 120
C/2 = 60
CP = called value = 1,060
t = time = 6 years
Using Financial calculator we get the YTC
8.467835879%
The first part is the present value of the coupon payment until manurity
The second is the present value of the redeem value at maturity
P = market price value = 1,200
C = coupon payment = 1,000 x 12%/2 = 60
C/2 = 60
F = face value = 1,060
t = time = 10 years
Using Financial calculator we get the YTM
8.9337714%
Answer:
A) 200 units
Explanation:
mean daily demand = 20 calculators
standard deviation = 4 calculators
lead time = 9 days
z-critical value (for 95% in-stock probability) = 1.96
normal consumption during lead-time:
= mean demand × lead time
= 20 × 9
= 180 calculators
safety stock = z × SD × √L
= 1.96 × 4 × √9
= 1.96 × 4 × 3
= 23.52 calculators
reorder point = normal consumption + safety stock
= 180 + 23.52
= 203.52 calculators
Answer:
The answer is: underperform passive fixed-income indexes by an amount equal to fund expenses
Explanation:
According to Blake, Elton, and Gruber (The Journal of Business, 1993), the only people who benefit from actively managed bond mutual funds are those that work for the mutual funds and not their clients.
They discovered that when the mutual funds increased their fees in 1%, the total performance decreases in 1%.
Answer:
I would say D because it sounds more reasonable for me
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