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Paraphin [41]
4 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]4 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

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Willa and Westley are siblings who built a hair salon business from the ground up. They are now contemplating opening an additio
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The correct option is C

<u>Explanation:</u>

The annual profit increase = $400,000

<u>The following formula is to be used in order to calculate the total profit enhancement in five years </u>

The total profit increase in 5 years = 400000 multiply with 5 = $2,000,000 = $2 million , As compared to cost of $1 million.

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When herbert took a new position at galbrook manufacturing company, the firm was near insolvency. one of herbert’s first acts wa
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3 years ago
Please help me asap!!!
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Finder's fee. good luck dude

6 0
3 years ago
7. How does AJ look tyrannical or monarchical with both the tariff/nullification crisis and Indian removal
lapo4ka [179]

Answer:              

Andrew Jackson (AJ for short) was a statesman. He reached the height of this career when he became the 7th President of the United States (POTUS, having served as a soldier and a general in the United States Army). His administration spanned two terms of 4 years each (1829 to 1837)

In direct reference to the question, it can be said that due to his action, he was rather tyrannical than monarchial.

Explanation

On the overall, AJ is regarded by may historians favorably due to his many big wins. Some of those wins which he achieved as POTUS are:

  1. The payment of a long standing national debt
  2. the conclusion of the "most favored nation" treaty with the United Kingdom, which settled claims of damages against France from the Napoleonic Wars,
  3. Prevention of the renewal of the charter of the Second Bank of the United States which was deemed as corrupt established created to enrich the wealthy at the expense of the plebian class and
  4. the recognition Texas as a Republic. It may be worthy of note that he was the first POTUS to have survived an assassination attempt as a sitting president.

Irrespective of the above, his career was marred by two major dents:

  • The endorsement of the of the 1830 Indian Removal Act which forced many Native American tribes in the South to a space that became known as the Indian Territory. The forceful relocation was deemed necessary by the Blue Bloods (White Population) and resulted in mass suffering, mass death by many who where diseased during the forced relocation.
  • The Nullification Crises: For some reason, the congress approved a bill which by itself was designed to fail or be disapproved. It placed a huge tariff (as much as 45%, a historic high) on the Southern Cotton Farmers. The bill became known as the "Tariff of Abominations". He later conceded to several downward revisions of the tariff, first to 27% and further downwards later but not after it had caused a lot of rift between the state of South Carolina and the Federal Government where in the South Carolina had declared the bill unconstitutional. This call out against the Federal Government became known as the Nullification Crises.

Cheers

6 0
3 years ago
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