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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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Those aspects of business that a retailer can directly affect are referred to as ________.
Alexeev081 [22]

Those aspects of business that a retailer can directly affect are referred to as controllable variables. Generally speaking, strategy, marketing, finances, human resources, technology and equipment, and operations make up the six functional areas of business management. As a result, all business planners should focus on thoroughly investigating and comprehending these topics as they apply to the specific business.

The book All Aspects of the Business/Organization lists nine characteristics that apply to all businesses. The book All Aspects of the Business/Organization lists nine characteristics that apply to all businesses. For success, learners should practice and comprehend the related ideas and abilities.

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5 0
1 year ago
Shen wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacati
aleksley [76]

Answer:

Money plays the role as a store of value, a medium of exchange, as well as the unit cost of both the computer and vacation.

Explanation:

Money is a generally accepted medium of exchange or as a means of payment for goods ad services. The value of a product or a service is determined by how much money people are willing to pay for it. Hence money is also a determinant of value.

From the question,

Shen has $1537 in his account, this is the store of value he is willing to exchange for either a computer or vacation.

As he cannot afford both, he measures the opportunity cost and chooses the computer over the vacation. his check of $1.299 with which he buys the computer is his medium of exchange with which he purchased the computer.

The costs of both of the vacation and computer is the unit cost of value p;aced on both of them

6 0
3 years ago
Dixie Mart plans to pay dividends of $1.36, $1.15, $1.35, and $0.40 at the end of the next four years, respectively. After that,
Vera_Pavlovna [14]

Answer:

The correct answer is C. $46.50.

Explanation:

The current value of one share of stock is the present value of all expected future cash flows. The present value (PV) of cash flows in each year is calculated as follows.

PV = Future value / (1 + Rate of return)^Number of years

The future value is the dividend received on the share in a particular year while the rate of return is 11.4% (i.e. 0.114).

Applying the above formula,

PV_{1}  = 1.36 / (1 + 0.114)^{1} = 1.221\\

PV_{2} = 1.15 / (1 + 0.114)^{2} = 0.927

PV_{3} = 1.35 / (1 + 0.114)^{3} = 0.977

PV_{4} = 0.40 / (1 +0.114)^{4} = 0.260

PV_{6} = 82.40 / (1 + 0.114)^{6} = 43.114

Current value of share = $1.221 + $0.927 + $0.977 + $0.260 + $43.114

                                      = $46.50

Hence, the correct option is C. $46.50.

6 0
3 years ago
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