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
KIM [24]
3 years ago
7

O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal annual, not semiannual yiel

d to maturity is 9.25%, they pay interest semiannually, and they sell at a price of $875. What is the bond's nominal coupon interest rate?

Business
1 answer:
kiruha [24]3 years ago
4 0

Answer:

7.84%

Explanation:

Given:

Bond's par value (FV) = $1,000

Maturity (nper) = 25 × 2 = 50 periods (since it's semi-annual)

YTM (rate) = 0.0925÷2 = 0.04625 semi annually

Price of bond (PV) = $875

Calculate coupon payment (pmt) using spreadsheet function =pmt(rate,nper,-PV,FV)

PV is negative as it's a cash outflow.

So semi- annual coupon payment is $39.20

Annual coupon payment = 39.2×2 = $78.40

Nominal Coupon rate = Annual coupon payment ÷ Par value

                                     = 78.4 ÷ 1000

                                     = 0.0784 or 7.84%

You might be interested in
AutomatedFry Inc. is the leading manufacturer of ventless deep fryers. It has developed a new high-capacity fryer. To identify t
Tems11 [23]

Answer:

Lead generation.

Explanation:

Selling process can be defined as the steps which must be taken by a sales representative when selling a particular product. The selling process begins with identification of potential customers that are willing to purchase the product.

Lead generation is the process of getting customers to buy a product, It involves creating an awareness of the product. This is the initial stage of a selling process.

Lead generation begins with identifying the group of customers to sell to, marketing your products through different mediums, maintaining constant communication with the customers.

4 0
3 years ago
Grocery stores are likely to hold ______ inventory of candies to meet the extra demand during halloween.
Degger [83]

Grocery stores are likely to hold<u> anticipation</u> inventory of candies to meet the extra demand during Halloween.

Halloween's origins may be traced returned to the historical Celtic pageant referred to as Samhain, which become held on November 1 in modern-day calendars. It become believed that on that day, the souls of the useless returned to their homes, so humans wore costumes and lit bonfires to ward off spirits.

Halloween, a contraction of All Hallows' Eve, a holiday discovered on October 31, the nighttime before All Saints' (or All Hallows') Day. The party marks the day earlier than the Western Christian dinner party of All Saints and initiates the season of Allhallowtide, which lasts three days and concludes with All Souls' Day.

Halloween Ends is an upcoming American slasher film directed via David Gordon Green and written by using inexperienced, Danny McBride, Paul Brad Logan, and Chris Bernier. it's far a sequel to 2021's Halloween Kills and the thirteenth installment within the Halloween franchise.

Learn more about Halloween here brainly.com/question/18459726

#SPJ4

4 0
2 years ago
In which of the following cases is outsourcing likely to be the best solution to the firm's data processing needs? a) Peterson I
Alex73 [517]

Answer:

a) Peterson International is a trenchcoat wholesaler to retailers around the world. Sixty percent of sales orders are taken during the months of August and September. Peterson needs a system to manage online ordering and fulfillment.

Explanation:

Outsourcing likely to be the best solution to the firm's data processing needs because Peterson International is a trenchcoat wholesaler to retailers around the world. Sixty percent of sales orders are taken during the months of August and September. Peterson needs a system to manage online ordering and fulfillment.

5 0
3 years ago
Dwight, the general manager of a hotel, knows that one of his housekeeping employees has a serious substance-abuse issue. Dwight
Oksana_A [137]

Answer: relaxed change

                                                                               

Explanation: In simple words, it refers to a situation when a manager knows that he or she is stuck in an unavoidable issue but rather than facing it he or she chooses the second best alternative that involves low risk.

  In the given case, Dwight knew that substance abuse with an employee is a serious issue but rather than facing it on his won he decided to put it into his subordinate.

Thus, the given case is an example of relaxed change.

3 0
3 years ago
3. In which decade should you be saving for retirement?
diamong [38]
Whatever your age, you can make it happen.<span> Even those who start to save into a company pension at the age of 22 have less than an even chance of achieving an income equivalent to two-thirds of salary from their private and state pensions combined, according to the Pensions Policy Institute think-tank.   </span>
5 0
3 years ago
Other questions:
  • Assume that the required reserve ratio is 5 percent. If a commercial bank has $2 million cash in its vault, $1 million in govern
    12·1 answer
  • The federal government wants more people to buy hybrid or electric cars. currently, they are more expensive than cars fueled by
    10·1 answer
  • Which describes a type of tax that funds city programs?
    7·1 answer
  • Strickland Company owes $200,000 plus $18,000 of accrued interest to Moran State Bank. The debt is a 10-year, 10% note. During 2
    15·1 answer
  • Tips, bonuses, and capital gains are all _____.
    13·2 answers
  • ASM International, an Australian steel company, claims that a savings of 40% of the cost of stainless-steel threaded bar can be
    7·1 answer
  • Alpha Manufacturing has interest expense of $12 million, total assets of $184 million, sales of $176 million, long-term debt of
    13·1 answer
  • Which of the following statements about the theory of sustainability is true?a. Sustainability is the idea that socially respons
    9·1 answer
  • An open-end fund has a net asset value of $12.70 per share. It is sold with a front-end load of 8%. What is the offering price?
    7·1 answer
  • Latiker, Inc., manufactures and sells two products: Product Y9 and Product W0. Data concerning the expected production of each p
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!