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
Paraphin [41]
3 years ago
9

has a bond outstanding with a coupon rate of 5.78 percent and semiannual payments. The yield to maturity is 6.5 percent and the

bond matures in 22 years. What is the market price if the bond has a par value of $1,000?

Business
1 answer:
Dominik [7]3 years ago
5 0

Answer:

$916.35

Explanation:

For this question we use the Present value function that is shown on the attachment. Kindly find it below

Provided that,  

Future value = $1,000

Rate of interest = 6.5%  ÷ 2 = 3.25%

NPER = 22 years  × 2 years = 44 years

PMT = $1,000 × 5.78% ÷ 2 = $28.9

The formula is shown below:

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

So, after solving this, the market price of the bond is $916.35

You might be interested in
a work group of 20 employess should be more cohesive than a work group of 10 employess. Ture or false
Oduvanchick [21]

false,since the less the number the more cohesion

6 0
3 years ago
Read 2 more answers
When a company purchases another company and the purchase price is greater than the fair value of the net assets acquired, this
34kurt

Answer:

Goodwill

Explanation:

Goodwill is an intangible asset, reported on the balance sheet asset side. It is used yearly for the impairment tests.

When the company purchase another company and its purchase price is more than the fair value of the net asset so the excess amount would be called as a goodwill

The fair value of the net asset is come from subtracting the

= Company assets - company liabilities

6 0
3 years ago
John Chong is an inexperienced entrepreneur in global business. He wants to sell his product, Zulu doll, a toy for kids below th
SSSSS [86.1K]

Answer:

c. identification of the basic appeal for markets

Explanation:

As John is an inexperienced businessman and wants to sell his Zulu doll product, a toy for children who have less than 8 years in every part of the world and want to keep the cost low

So first thing he should do is feasible study whether his product is feasible or not and then identify the market with respect to the price, quality, competitors, etc so that he get a good idea

7 0
3 years ago
Abused children live in families of all socioeconomic levels, races, nationalities, and religious groups, although child abuse i
Digiron [165]

Answer:

The correct answer is lower-class nonwhite.

Explanation:

The lower class is the poorest population segment of human society. It is characterized by having great gaps in its way of life and limitations in terms of access to economic resources. They are usually unemployed people, who do not own their own home or other goods or properties that are essential for living.

To this socioeconomic class belong people with very low educational levels, barely with primary education and some with secondary education. Some casual or independent workers also enter this class. Lower class families do not have good basic services in their homes.

6 0
3 years ago
CAN SOMEONE PLEASE HELP ME ASAP PLEASE!!!!​
Kobotan [32]
Answer: B

Explanation: There is an unlimited amount of wants but limited amount of resources
5 0
3 years ago
Other questions:
  • Tyler and Camille both live in Oklahoma. A new-car dealer in Oklahoma bought a new car from the manufacturer for $17,000 and sol
    10·1 answer
  • According to the University of Michigan studies, leaders who are production oriented are described as emphasizing interpersonal
    11·1 answer
  • Canterbury Co. issues a discounted, non-interest-bearing note in exchange for borrowed funds. Choose whether the cash received w
    6·1 answer
  • ) Suppose I ask you to pick any four cards at random from a deck of 52, without replacement, and bet that if at least one of the
    10·1 answer
  • The simple situation in which two parties come together and freely agree to an exchange is ethically legitimate only prima facie
    6·1 answer
  • Abica Roast Coffee Company produces Columbian coffee in batches of 6,000 pounds. The
    12·1 answer
  • This is 1 question do not delete, mods. how am I supposed to separate a connect the lines thing without knowing the answers
    15·1 answer
  • You have two employees who report directly to you. One is making $36,000/year and the second is making $24,000/year. You feel th
    11·1 answer
  • Your portfolio is invested 30 percent each in Stocks A and C, and 40 percent in Stock B. What is the standard deviation of your
    8·1 answer
  • You earn $50,000 per year. Your entire income is taxed at the 10 percent federal tax bracket. Which value reflects what you will
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!