Answer:
Coupon rate is 7.41%
Explanation:
Using the price formula , the yield to maturity can be calculated first of all:
Bond price=coupon interest /yield to maturity
Bond price is $1080
coupon interest is 8%*$1000=$80
$1080=$80/yield to maturity
$1080*yield to maturity=$80
yield to maturity=$80/$1080
=7.41%
However if the price of the bond becomes the par value, the coupon rate can be calculated thus:
$1000=coupon payment/7.41%
coupon payment =$1000*7.41%
coupon payment=$74.1
coupon rate=$74.1/100=7.41%
The federal funds rate best defines real domestic gross product as the number reached by valuing all the productive activity within a country at a specific year's price.
Answer:
$10
Explanation:
By choosing option B, you have a 0.001 chance of winning $8000, and a 0.999 chance of winning the $2 consolation prize. Therefore, the expected value of option B is given by:
Rounding to the nearest cent, the expectation of option B is also $10.
Answer:
$9,309
Explanation:
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
DEPRECIABLE COST / USEFUL LIIFE
$55,853 / 6 = $9,309
