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3 years ago

A net worth statement will be useful when you apply for a loan or credit. True or false

Business

2 answers:

DochEvi [55]3 years ago

7 0

False should be the answer

Ghella [55]3 years ago

4 0

False!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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What happens to the price of a three-year annual coupon paying bond with an 8% coupon when interest rates change from 8% to 6.85

ruslelena [56]

Face Value of bond = $1000

Annual Coupon Payment = $1000*8%

= $80

No of years to maturity(n) = 3 years

When the Market Interest rate was 8%, the Price of the bond will be the same as the Par value which is $1000 because when the Coupon rate and Market Interest rate are the same the Bond sells at par Value.

So, At an 8% Interest rate price is $1000

- Interest rate(YTM) changed to 8.86%

Calculating the Price of Bond:-

Price = \frac{CouponPayment}{(1+YTM)^{1}}+\frac{CouponPayment}{(1+YTM)^{2}}+...+\frac{CouponPayment}{(1+YTM)^{n}}+\frac{FaceValue}{(1+YTM)^{n}}

Price = \frac{80}{(1+0.0886)^{1}}+\frac{80}{(1+0.0886)^{2}}+\frac{80}{(1+0.0886)^{3}}+\frac{1000}{(1+0.0886)^{3}}

Price =$203.008 + $775.166

Price = $978.17

So, when the Interest rate changed to 8.86% the price falls to $978.17

Change in Price due to increase in Interest rate = $978.17 - $1000

= -$21.83

Hence, the price decreased by $21.83

Learn more about interest here

brainly.com/question/2294792

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7 0

2 years ago

Why are high-tax-bracket investors more inclined to invest in municipal bonds than are low-bracket investors?

Anika [276]

The coupons paid by municipal bonds are exempt from federal income tax and from state tax in many states. Therefore, the higher the tax bracket that the investor is in, the more valuable the tax-exempt feature to the investor.

4 0

3 years ago

Central Supply purchased a new printer for $67,500. The printer is expected to operate for nine (9) years, after which it will b

Sergeu [11.5K]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Central Supply purchased a new printer for $67,500. The printer is expected to operate for nine (9) years, after which it will be sold for salvage value (estimated to be $6,750).

Annual depreciation= 2*[(original cost - residual value)/estimated life (years)]

Year 1= 2*[(67,500 - 6,750)/9]= $13,500

8 0

3 years ago

A concrete block making company is developing an aggregate capacity plan from the following sales forecast for its 6” and 8” con

prohojiy [21]

We need to see that table pls send a picture to it also if u may pls mark me braliest

7 0

3 years ago

Each year a cash grant is given to a deserving college student. The grant consists of the interest earned that year on a $440,00

Harlamova29_29 [7]

Answer:

The cash award will be equal;l to $444422.01

Explanation:

We have given amount invested P = $440000

Rate of interest r = 8.3%

Time t = 1 year

As the amount is compounded on daily basis

We know that 1 year = 365 days

So rate of interest $r=\frac{1}{365}=0.00273$ %

Time period n = 365

We know that final amount is equal to $A=P(1+\frac{r}{100})^n$

So $A=440000(1+\frac{0.00273}{100})^{365}=444422.01$ $

So the cash award will be equal;l to $444422.01

6 0

3 years ago