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
inna [77]
3 years ago
15

Barnes Enterprises has bonds on the market making annual payments, with 14 years to maturity, a par value of $1,000, and a price

of $958. At this price, the bonds yield 8.9 percent. What must the coupon rate be on the bonds

Business
1 answer:
Pachacha [2.7K]3 years ago
8 0

Answer:

8.36%

Explanation:

To find out the coupon rate, first we have to determine the PMT which is shown in the attachment below:

Given that,  

Present value = $958

Future value = $1,000

Rate of interest = 8.9%

NPER = 14 years

The formula is shown below:

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

The present value come in negative

So, after solving this, the yearly payment is $83.64

Now the coupon rate is

= $83.64 ÷ $1,000

= 8.36%

You might be interested in
Investments are different from savings accounts in that they:
Natalka [10]
I think it is Carry a risk of losing money (A) 
5 0
3 years ago
Read 2 more answers
Frederick is a student at Central Fictional State University (CFSU), and he has a great idea for a new business invention. Frede
Delvig [45]

Answer: He should should File a suit.

Explanation:

He should should File a suit.

The new innovation was Frederick's brain child, I believe God gave him this innovative Idea he could change people's lives professionally and even personally. Frederick should only sue the Professors for the use of his innovative idea and the Patents for this innovation to be transferred back to the rightful owner of innovation (Frederick) and not to sue them for everything they have the aim here is to teach/show professors that stealing is wrong and  not to punish.

We should not let evil doers prevail, suing Professors will teach them a lesson that stealing a person's idea is wrong and they should not do it again, if Frederick doesnot sue the professors would probably do it to another student. Frederick's law suit will not only help him but it will actually save a lot of students coming after him which is what Christianity is teach us to do good for other people.

6 0
3 years ago
Ending total assets are $1,500,000, inventory turnover is 6.0 times, net sales are $8,000,000 and the asset turnover is 4.0 time
NARA [144]

Answer:

$2,500,000

Explanation:

Data provided

Ending assets = $1,500,000

Inventory turnover = 6.0 times

Net sales = $8,000,000

The computation of beginning total asset balance is shown below:-

Average total assets = $8,000,000 ÷ 4

= $2,000,000

Total assets = $2,000,000 × 2

= $4,000,000

Beginning assets  = Total assets - Ending assets

= $4,000,000  - 1,500,000

= $2,500,000

Therefore we applied the above formula

8 0
3 years ago
Read 2 more answers
Explain one situation when you will use these two pricing strategies penetration pricing and skimming prices
Dominik [7]

Answer:

An electronic news portal that offers one complimentary month for something like a free trial service or an institution that offers a free bank account for 6 months are both instances of penetration pricing.

A pricing technique known as price skimming is establishing a premium charge when other rivals enter the market. For instance, the Playstation 3 was initially priced at $599 in the United States, but has now been lowered to around $200.

5 0
3 years ago
During the current year, Esty Company replaced the roof on its manufacturing facility with a better roof that also extended the
vodka [1.7K]

Answer:

A

Explanation:

5 0
3 years ago
Other questions:
  • An agreement to settle a debt for less than the sum claimed is referred to as?
    9·1 answer
  • List several factors that help identify inappropriate, unsound, and possibly dangerous commercial weight loss programs
    10·1 answer
  • | 50 POINTS | How Is Open End Credit Different From Closed End Credit ? NO GOOGLE ANSWERS ! Provide Advantages And Disadvantages
    8·2 answers
  • When an organization needs to hire semiskilled workers and would like to keep the price of advertising low and not attract any a
    15·2 answers
  • Required reserves are defined as_________-. A. currency plus travelers checks plus demand deposits. B. the difference between le
    10·1 answer
  • Portions of the financial statements for Peach Computer are provided below.
    6·1 answer
  • The measure of a​ company's ability to collect cash from its customers who purchase on account is the A. accounts payable turnov
    6·1 answer
  • Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships fo
    8·1 answer
  • Issuing a $1,000 par value bond with a yield to maturity of 10%. The company is in a 35 percent marginal tax bracket. What will
    9·1 answer
  • aliyah has started a mobile salon service. while she recognizes the risks involved in operating a business
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!