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Elodia [21]
3 years ago
15

"A new issue corporate bond with dated date of June 1st is bought from the underwriter with settlement occurring on Monday, June

28th. How many days of accrued interest is owed to the underwriter?"
Business
1 answer:
Tema [17]3 years ago
4 0

Answer:

27 days

Explanation:

The accrued interest is calculated by beginning the count of days from the dated date of the corporate bond up until the settlement, without including the settlement date.

From 1st June to 27th June, a day before settlement date makes 27 days, as a result, the number of days in respect of which interest is owed to the underwriter is 27 days

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Answer:

The Matching Principle

Explanation:

The Matching Principle of accounting holds that revenues should be matched with expenses. Hence the name.

This is to say, that revenues should only be recognized when the associated expenses with those revenues have been spent.

For example, in numeral a), we can see that Norfolk Southern Corporation recieved cash in advance, but it only recognized revenue once it had performed the services associated with that cash collection.

4 0
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Advertising sales agents typically work under the direct supervision of a manager or supervisor.
wolverine [178]

Advertising sales agents typically work under the direct supervision of a manager or supervisor. True.

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The excess return is computed as the: Multiple Choice return on a security minus the inflation rate. risk-free rate plus the inf
navik [9.2K]

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If the return you received on shares was 5% and the return on riskfree assets is 2%, your excess return is 3%.

Please do react or comment if you need any clarification or if the question helped you so you can help others as well. Thank you.

7 0
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The sata/600 standard is also known by what other name?
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