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WITCHER [35]
3 years ago
11

If an investor purchases $1,000 face amount of an 8% corporate bond at 93. The bond is scheduled to mature in 2028. What will ha

ppen when the issue matures
Business
1 answer:
sdas [7]3 years ago
7 0

Answer:

The amount to be paid is $100,440

Explanation:

When the bond matures, it is the due date on which the bond issuer need to pay off the bond on that particular date.

In this case, the bond matures in 2028, so

Interest amount = Face value of bond × Price × Interest

= $1,000 × 93 × 8%

= $7,440

The amount to be paid on maturity will be:

= $7,440 + $93,000

= $100,440

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A cosmetics company is planning the introduction and promotion of a new lipstick line. The marketing research department has fou
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Given

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Thus, the price that maximize the revenue of the company is 59.11 dollars.

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