Answer: $3,704,040
Explanation:
The issue/ selling price of a bond is calculated by the formula:
= Present value of coupon payments + Present value of face value
The coupon payments will be an annuity and in cash terms are:
= 8% * 4,500,000
= $360,000
Selling price:
= (360,000 * Present value of an ordinary annuity factor, 11%, 10 periods) + (4,500,000 * Present value discount factor, 11%, 10 periods)
= (360,000 * 5.889) + (4,500,000 * 0.352)
= $3,704,040
-A contract is legally binding.
Answer:
If I would be a Marshal, I would like succeeding apprehensions should to be indisputable with accountant.
- Recognize the environment- accountant must appreciate the industry, responsibility or the organization in very clear style. He should clearly recognize and go with the administrative goals.
- Communication capability- Accountant must have resilient communication capability to talk with other individual and to make him recognize about any request of that individual.
- Flexibility- as the rules and policies are changes time to time, accountant must flexible enough to accept the changes easily.
- Strong Ethics- moreover the applied ethics, accountant should also have durable moral ethics.
- He should have durable confidence. Furthermore he should confirm to keep personal information secure.
- Precise and Detailed evidence- the accounts organized by accountant must be precise and very clear. It also should be thorough. Proper foot notes should be stated in financial statements.
- Inspiration- account must have competence of rational thinking to come up with fresh clarifications for given problems.
- Trustworthiness- the accountant should be dependability. He knows the secrets of the responsibility. So he should not to reveal these secrets to anyone without prior specialist.
A professional does specialized work that’s primarily A. Degree based. When referring to a job that requires a degree, it is usually classified as a professional job. When you are a professional you are connected to a profession based on your skill sets and engagement in your career. Most of the jobs that are of white-collar level require a degree to be achieved.
Answer:
4.97 %
Explanation:
Data and Calculation :
PV = - $2,262.00
N = 11.00
FV = $3,855.00
P/YR = 1
PMT = $0
I/YR = ? 4.97 %
THUS,
The account earned 4.97 % per year.