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Gennadij [26K]
2 years ago
6

IT plays a major role in ensuring the accuracy of financial data. T/F

Business
1 answer:
marysya [2.9K]2 years ago
8 0

Answer: True

Explanation:

 Yes, the given statement is true that the IT (information technology) plays an important role for ensuring the financial data accuracy. When settling on business choices, precise money related information is basic.

Large associations commonly have separate department of accounting in the office to do the various function of the accounting , just as accommodate all records, survey the information for exactness, and analysis the information.

It provide the essential data and information and in SEC ( Security and exchange commission) are basically responsible for providing the data and information to the different organization.  

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Answer: Interest rate can vary

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2 years ago
Calculate the yield to maturity (YTM) for a one-year bond with a purchase price of $8,000, a face value of $10,000, and a curren
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Answer:

yield to maturity YTM = 35%

Explanation:

given data

purchase price = $8,000

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solution

we get here yield to maturity YTM

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Current yield = annual coupon  ÷ current price   ..............1

put here value we get

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solve it we get

yield to maturity YTM = 35%

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