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
77julia77 [94]
3 years ago
13

Suppose that today’s date is April 15. A bond with a 10% coupon paid semiannually every January 15 and July 15 is listed in The

Wall Street Journal as selling at an ask price of 1,011.429. If you buy the bond from a dealer today, what price will you pay for it?
Business
1 answer:
Ray Of Light [21]3 years ago
3 0

Answer:

1,011.429 dollars

Explanation:

The dealer is willing to sale bond (we purchase from the dealer) at the ask price

In this case 1,011.429 dollars per bond.

If anyone want's to purchase those bonds will have to pay this amount per bond.

The opposite to the ask price is the bid price, which is the price at which the dealer is willing to purchase bond (we sale it to the dealer).

You might be interested in
The discounting function (or mechanism) of markets is based upon the assumption that the stock market essentially discounts all
tensa zangetsu [6.8K]
The correct answer is a becuse i just did that questiom
3 0
3 years ago
By january 2014 the us population had grown to 317.3 million and the us federal debt was a reported $17.3 trillion. calculate th
Fudgin [204]

Per capita means per person. You would take the total debt and divide by the number of people. That will give you federal debt per capita.

3 0
3 years ago
The treasurer of a major U.S. firm has $40 million to invest for three months. The interest rate in the United States is .28 per
diamong [38]

Answer:

Check the explanation as follows.

Explanation:

a) If it is invested in US

Current= $40 million

Interest rate= 0.28% p.m

Interest for 1 month= $40 million*0.28%= $0.112 million

Interest for 3 months= $0.112*3= $0.336 million

Total value after 3 months= $40 million+$0.336 million = $40336000.

b) If it is invested in Great Britain.

Convert $40 million into Pounds= $40 million*0.639 = Pound 25.56 million

Ivest in Great Britain for 3 months @ 0.32%

Interest per month= 25.56 million*0.32% *3 = 0.245376

Total Pounds after 3 months= Pound 25.805376

Convert into $= 25.805376/0.642 = $40195289.7156

Value if invested in great britain= $40195289.7156

8 0
3 years ago
Employees rarely arrive and leave exactly on the quarter hour so it would make sense to round employee arrival times to the near
Maru [420]
False !!!!!!!!!!!!!!!!!
4 0
3 years ago
Read 2 more answers
The total value of all goods and services produced annually in the united states is called
monitta
The GROSS NATIONAL PRODUCT(GNP)
its the market value of all the products and services produced in a given year
3 0
3 years ago
Other questions:
  • Consider the following information.
    6·1 answer
  • 6. Type of insurance that protects a company in case an employee steals from a
    7·1 answer
  • when gathering information, which of the following tasks might you need to perform? a. fill out forms, follow procedures, and ap
    11·2 answers
  • When previously declared cash dividends on common stock are paid which account would the corporation debit?
    6·1 answer
  • BC Corporation has 2.8 million shares of stock outstanding. The stock currently sells for $50 per share. The firm’s debt is publ
    11·1 answer
  • The Lighthouse Co. is in a downsizing mode. The company paid a $2.50 annual dividend last year. The company has announced plans
    9·1 answer
  • Convenience samples are useful for pilot studies, for testing the reliability of measures to be used in a larger study, for deve
    13·1 answer
  • Irving Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hou
    8·1 answer
  • " The capable manpower is the key factor of any vocation ". Justify this statament with suitable examples .
    10·1 answer
  • Newtech corporation is offering a 10% stock dividend. The firm currently has 200,000 shares outstanding and after-tax profits of
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!