Answer:
3.22%
Explanation:
Here, we are interested in calculating the minimum yield that Toby could receive.
To calculate this, we use the YTM formula.
Before we apply this formula, we write out the parameters which we were given in the question.
Given that number of years, n = 15*2 = 30, Price, P = 1722.25, Face value, F = 1100, C = 0.08/2*1100 = 44
Using YTM approximation formula,
YTM = [C + (F – P)/n]/ (F + P)/2
YTM = [44 + (1100 – 1722.25)/30]/ (1100+1722.25)/2
YTM = 23.2583/1411.125
YTM = 1.61%
YTM = 1.61% x 2 = 3.22%
Answer: Marketable title clause
Explanation:
Marketable title clause is a clause that is found in a mortgage which ensures that the borrower will maintain clear title on the property in the event the bank is forced to foreclose.
A marketable title is a title that can be given to a new owner and it should be noted that there's no likelihood that another party will make claims on it.
Answer:
C. When inventory is delivered to a customer
Explanation:
As we know that the inventory is good that the company sold to the customers. Through these goods, the company can able to generate huge profits and gain a competitive advantage in the market
But when we talk about the inventory cost that converted into an expense is when we delivered the product to the customer. It would be represented in the company books as an expense. Until sold, it cannot be converted
I'm pretty that would be: A.) True.
Answer:
The carrying value decreases from the issue price to the par value over the bond’s term.
Explanation:
The carrying value of a bond is the par value or face value of that bond plus any unamortized premiums or less any unamortized discounts. The net amount between the par value and the premium or discount is called the carrying value because it is reported on the balance sheet. When a bond is issued at a premium, the carrying value is higher than the face value of the bond.
