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slega [8]
3 years ago
8

The Sisyphean Company has a bond outstanding with a face value of $ 1 comma 000 that reaches maturity in 10 years. The bond cert

ificate indicates that the stated coupon rate for this bond is 9.2​% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 7.2​%, then the price that this bond trades for will be closest​ to:

Business
1 answer:
Elena-2011 [213]3 years ago
7 0

Answer:

$1,140.85

Explanation:

We use the Present value formula that is shown on the attachment below:

Data provided in the question

Future value = $1,000

Rate of interest = 7.20%  ÷ 2 = 3.60%

NPER = 10 years  × 2 = 20 years

PMT = $1,000 × 9.2% ÷ 2 = $46

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the price of the bond is $1,140.85

In semi annually, the coupon rate and the interest rate would be half whereas the time period is doubles

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When the minimum price is 582,500, the forth parcel WILL not be sold because the willingness to pay is LESS and no one will purchase it from the seller for atleast the minimum price.

Explanation:

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Therefore when the minimum price is 582,500, the forth parcel WILL not be sold because the willingness to pay is LESS and no one will purchase it from the seller for atleast the minimum price.

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4 years ago
able sold to both the low and high tech segments last year, and marketing predicts able will have the same market share next yea
OverLord2011 [107]

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7 0
2 years ago
Tonelli Trucking buys a $65,000 truck on credit. Which financial statement will be affected by this transaction?
Arlecino [84]

Answer:

A : balance sheet only

Explanation:

In the given question, the truck was purchased on credit and the truck is a fixed asset that comes under the balance sheet only because in the income statement, the expenses and revenues are recorded whereas retained earnings records profit which is left to the company.  

So, it affects the balance sheet only. As balance sheet records all types of assets and all types of liabilities plus shareholder equity.

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4 years ago
As a Marketing Manager of a Multinational Company Imran & Co., which will manufacture Detergent; draft a detailed Marketing
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NZXCVJIGH80BGRG

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3 years ago
The plaintiff in a product liability lawsuit has suffered $100,000 worth of damages from an automobile accident. A defect in man
OleMash [197]

Answer:

$60,000

Explanation:

Data provided in the question:

Damages suffered by Plaintiff from an automobile accident = $100,000

Responsibility of manufacturer in the accident = 60 percent

Responsibility of plaintiff in the accident = 40%

Now,

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