1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
maks197457 [2]
3 years ago
15

Jerome Corporation's bonds have 15 years to maturity, an 8.75% coupon paid semiannually, and a $1,000 par value. The bond has a

6.50% nominal yield to maturity, but it can be called in 6 years at a price of $1,050. What is the bond's nominal yield to call?
Business
2 answers:
castortr0y [4]3 years ago
6 0

Answer:

5.27%

Explanation:

Step 1

Bond's current price.

Coupon rate 8.75%

YTM 6.50%

Maturity 15

Par value$1,000

Periods/year 2

Determine the bond's price

PMT/period $43.75

N 30

I/YR 3.25%

FV $1,000.00

PV = Price $1,213.55

Step 2

Using the bond current price to find the YTC

Yrs to call 6

Call price $1,050.00

Determine the bond's Yield to call

N 12

PV $1,213.55

PMT $43.75

FV $1,050.00

I/YR 2.64%

Nominal YTC 5.27%

Therefore the bond's nominal yield to call is 5.27%

aleksklad [387]3 years ago
4 0

Answer:

5.01%

Explanation:

The bond nominal yield to call is  5.01%

You might be interested in
A new hospital needs a computer that can support hundreds of users. What classification of computer does the hospital need?
vladimir1956 [14]
The answer to the given question above would be option B. If a <span>ew hospital needs a computer that can support hundreds of users, the classification of computer that the hospital needs is a mainframe computer. The level of reliability of this type of computer is very high because of their storage. Hope this helps.</span>
3 0
2 years ago
Barney wants to start a new business that yields a profit of​ 20% per year after a period of 2 years. In this​ period, if he
crimeas [40]

Answer:

Opportunity costs.

Explanation:

Investing in stocks depicts Barney's opportunity cost of money.

The opportunity cost is the money or funds held up by an individual instead of investing it in other businesses or ventures to yield interests.

5 0
3 years ago
Arrange the steps to show the effects of contractionary fiscal policy. Tiles Inflationary pressure decreases. Government increas
lana [24]
<span>Government increases the tax rate.
Consumers have less money to spend.
</span>Producers manufacture fewer goods.
Inflationary pressure decreases.<span>

</span>
7 0
3 years ago
Read 2 more answers
Who on here can drive and lives in Florida?
iragen [17]

Answer: aye im 15 i can drive and no i dont live in florida

Explanation:

8 0
3 years ago
Stuart, a CFE, is investigating a possible management fraud. He found an email on an employee's computer to use as evidence in t
Black_prince [1.1K]

Answer:

<em>Documentary evidence  </em>

Explanation:

<em>CFAs resolve fraud allegations  by taking statements, obtaining evidences and writing reports, testifying crimes and  by assisting in the detection and prevention of white collar crimes. </em>

Any evidence that can be used at  a trial as documents are called documentary evidence, it generally means the wrings on paper such as a will, contract or invoice. Tape recordings, photographs printed documents, emails and spreadsheets can also be considered documentary evidence. Although  authenticity of genuine evidence needs to be proved  

If a document is produced for other purpose instead of the examination of the contents of the document it is not considered to be a documentary evidence.  

e.g if a letter is produced during the trial to prove that the author of letter was shot by the defendant then it would be considered as documentary evidence but a film of the incident or a written description of this incident by an eye witness would be considered as documentary evidence.

5 0
3 years ago
Other questions:
  • A country produces computers and rice. If resources are fully employed and there is technological progress only in the productio
    10·1 answer
  • While attending classes at her college, Lisa parks her Corvette on the street and locks it. When she returns, it is gone. She re
    5·1 answer
  • The ""Relevant Skills and Accomplishments"" section is typically included only in ______________ resumes.
    10·1 answer
  • Collins Inc. is investigating whether to develop a new product. In evaluating whether to go ahead with the project, which of the
    8·1 answer
  • Alaska North Slope Crude Oil (ANS) $71.75/Bbl West Texas Intermediate Crude Oil (WTI) $73.06/Bbl As an oil refiner, you are able
    5·1 answer
  • M Company has the following information available before recording the adjustment at the end of the year: Accounts Receivable $8
    15·1 answer
  • This table shows the balance in an account if monthly deposits of $10 were compounded monthly.
    15·1 answer
  • Stephanie Robbins is attempting to perform an inventory analysis on one of her most popular products. Annual demand for this pro
    10·1 answer
  • The activities that must be completed prior to the start of an activity in question are called the immediate ________ of the act
    7·1 answer
  • As of late, US antitrust regulators begin their examination of a merger by using statistical tools and real-world evidence to __
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!