1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kamila [148]
3 years ago
12

West Corp. issued 18-year bonds 2 years ago at a coupon rate of 9.5 percent. The bonds make semiannual payments. If these bonds

currently sell for 105 percent of par value, what is the YTM?
Business
1 answer:
Ira Lisetskai [31]3 years ago
4 0

Answer:

The answer is 4.232%

Explanation:

The formula for determining the price of a bond which can also be used to find Yield-to-Maturity(YTM) is:

PV = PMT/(1+r)^1 + PMT/(1+r)^2 .......PMT/(1+r)^1 PMT + FV/(1+r)^n

We are to calculate Yield-to-Maturity(YTM) which is the rate of return on the bond to an investor.

Using a Financial calculator. Input the following:

N = (18 years - 2years) x 2 = 32

1/Y = ?

PV = 109

PMT = 9.5/2 = 4.75

FV = 100

1/Y = 4.232%

You might be interested in
PLEASE ANSWER
valentina_108 [34]

Answer:

A lot of different businesses could meet his needs. Many are illegal but one is to do delivery work for various restaurants.

Explanation:

5 0
2 years ago
Read 2 more answers
Jorge has $300 for work he performed. He expects to spend the money in the next few weeks to buy a new bike. Which type of accou
salantis [7]
The correct option is D.
Checking account is appropriate for Jorge in this situation because he plans to remove the money from his account in a few weeks time.
The major difference between saving account and checking account is that, saving account is majorly used to save and accumulate money for a medium or long time goals or for emergencies. The banks can count on the money staying in saving account for some time and a great part of it is not hold on reserve.
But a checking account is an instant access account. Money put in this account are usually hold in reserve by the banks because the owners can decided to withdraw at any time; banks can lend out money from checking accounts, so they make money on the accounts by charging fees.
4 0
3 years ago
Which of the following education levels offer a shop class in industrial arts?
hodyreva [135]

Answer:

B. Associate program

Explanation:

Correct me if I'm wrong

4 0
2 years ago
Arman sets the goal for his sales team to increase revenue by 40%. Which main function of a manager does this demonstrate?
Tcecarenko [31]
The main function that demonstrated by Arman is : Planning

In this step, Arman hasn't yet started how to achieve that goal. But he's already decided the benchmark for his team and started to formed various strategies that they can do

hope this helps
8 0
3 years ago
Roca Company originally issued 30,000 shares of $5 par common stock for $240,000 on January 3, 2020. Roca purchased 1,500 shares
hram777 [196]

Answer:

Date   Particulars                                    Debit          Credit

Jan 3  Cash                                           $240,000

                Common stock (30000*5)                       $150,000

                Paid-in-capital in excess                          $90,000

Nov 2  Treasury stock                            $15,000

                  Cash                                                         $15,000

Dec 6  Cash                                              $7,200

                  Treasury stock[75000/1500*600)          $6,000

                   Paid in capital from treasuty cash          $1,200

4 0
2 years ago
Other questions:
  • The information-processing theory was inspired by the knowledge of how _____ function. animals' brains high-level businesses com
    8·1 answer
  • You are in the process of purchasing a new automobile that will cost you $27,500. The dealership is offering you either a $2500
    12·1 answer
  • Suppose that the Fed had followed the Taylor rule before the financial crisis of 2008. In the first quarter of​ 2007, the inflat
    14·1 answer
  • On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the comp
    7·1 answer
  • During 2011, Clark Company manufactured equipment for its own use at a total cost of $2,400,000. The project required the entire
    7·1 answer
  • Sophie is willing to sell her used economics textbook for $30. Ruby is willing to pay $60 for the used economics textbook. Sophi
    12·1 answer
  • Metro Inc. has two production departments (Lamination and Molding) and three service departments (Human Resources, Technology Su
    14·1 answer
  • A customer has opened a margin account and has signed both the hypothecation agreement and the loan consent agreement. The broke
    8·1 answer
  • Kenseth Corp. has the following beginning-of-the-year present values for its projected benefit obligation and market-related val
    8·1 answer
  • Who benefits from deducting the amount paid in state income tax from their income for purposes of computing federal income tax?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!