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un u get the numbers then subtract them and come good with the answer
Answer:
7.71%
Explanation:
Calculation to determine the bond's nominal coupon interest rate
First step is to determine the PMT using Financial calculator
FV = $1,000
N= 25 × 2 = 50 periods ( semi-annual)
i/y=9.25/2=4.63
PV= - 850
PMT=?
Hence,
PMT=38.55
Second step is to calculate the Annual coupon Payment
Annual coupon Payment =38.55x2
Annual coupon Payement= 77.10
Now let determine the bond's nominal coupon interest rate using this formula
Nominal coupon rate= Annual coupon payment/par value
Let plug in the formula
Nominal coupon rate=77.10/1000
Nominal coupon rate=7.71%
Therefore the bond's nominal coupon interest rate is 7.71%
A progressive tax takes a larger percentage of income from high income groups than from low income groups and is based on the concept of ability to pay.
Jan has just found out that she has been appointed to raise and provide the personal care of the children of her best friend in her will. Jan considered in this will as guardian.
What does guardian do?
A guardian is answerable for an elder or minor ward's personal care, which includes housing and medical care. Guardian make certain that their ward has an area to stay, including the guardian's domestic, with a caretaker, or in an assisted living or full-care facility.
Who's guardian in own family?
A guardian is normally a close blood relative of the kid. this is usually a person who has spent some time with the kid, has some emotional or relational connection to them, and is acquainted with the kid's needs. this will be the kid's grandparent, aunt/uncle, or different relative.
What is a guardian for a kid?
A guardian is a person who has the legal authority to attend to a baby have to whatever appear to the parents. Guardians are answerable for taking all parental choices and can also be chargeable for coping with a toddler's property and inheritance.
Why might a infant want a guardian?
A child guardian will be needed in a toddler matter wherein the pursuits of the kid won't be represented. this may generally occur when the social services are involved in the court cases and there is an problem with the dad and mom potential to appearance after the wishes and interests of the kid.
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