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vesna_86 [32]
3 years ago
14

Guggenheim offers a bond with annual payments and a coupon rate of 5 percent. The yield to maturity is 5.62 percent and the matu

rity date is 9 years away. What is the market price of a $1,000 face value bond?

Business
1 answer:
Nikitich [7]3 years ago
4 0

Answer:

$957.12

Explanation:

In this question we have used the formula of the present value which is shown in the attachment

The NPER is a time period and the PMT is the monthy payments

Provided that,  

Future value = $1,000

Rate of interest = 5.62%

NPER = 9 years

PMT = $1,000 × 5% = $50

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the answer  is $957.12

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The Tuck Shop began the current month with inventory costing $19,000, then purchased inventory at a cost of $52,950. The perpetu
DaniilM [7]

Answer:

Inventory shrinkage = $1,322

Explanation:

We know,

Inventory shrinkage = Ending inventory - Actual inventory at hand

Given,

Actual inventory at hand = $13,500

Ending inventory = Beginning inventory + Purchase - Inventory sold(Costing price)

Or, Ending inventory = $19,000 + $52,950 - $57,128

Or, Ending inventory = $71,950 - $57,128

Or, Ending inventory = $14,822

Therefore,

Inventory shrinkage = Ending inventory - Actual inventory at hand

Or, Inventory shrinkage = $14,822 - $13,500

Or, Inventory shrinkage = $1,322

5 0
3 years ago
The monetary arrangements made at bretton woods resulted in what type of exchange rates assigned to member nations’ currencies?
Kay [80]

The monetary arrangements made at bretton woods resulted in  <u>fixed  </u>exchange rates assigned to member nations’ currencies.

<h3>What is fixed exchange rate?</h3>

Fixed exchange rate can be defined as the way in which  currency does not varies but it is fixed.

When an exchange rate is fixed this means that the currency of a nation or country  is fixed to another country currency and does not fluctuate or vary.

Therefore the monetary arrangements made at bretton woods resulted in  <u>fixed  </u>exchange rates assigned to member nations’ currencies.

Learn more about fixed exchange rate here:brainly.com/question/11160294

#SPJ12

3 0
2 years ago
Jayda started a corporation that creates software products for clients. Which statement correctly reflects Jayda’s role in the c
ki77a [65]
What were the answer choices
6 0
3 years ago
Suppose that the inverse demand equation is p​ = 100 minus 2Q and the supply equation is p​ = 2Q. If the price is controlled at
Irina18 [472]

Answer: P =$50

Q= 25

Explanation: P= 100-2Q

P= 2Q

To get the quantity supplied Q, we have to educate both equations

100-2Q=2Q, 100=2Q+2Q

100=4Q, Q=100/4 , Q=25

To get the equilibrium price we have to substitute the value of Q which is 25 into any of the equation.

Using equation 1

P=100-2Q, P=100-2(25)

P=100-50, P=$50.

If the price is controlled at $60, then the production pays the producer this is because a commodity is not expected to be sold at the equilibrium price, price flooring is a way that government or a group control the market price of a commodity or produce by imposing a particular price on it. This is to ensure that the producers are not at loss with their production, a price floor is always higher than the equilibrium price to be effective as seen in the example given above, price floor is $60 while equilibrium price is $50.

An example of a price floor for services can be seen in the minimum wage stated by the government this is to ensure that people's services are not misused anyhow.

Price flooring most times can lead to surplus quantity produced if consumers are not willing to pay the price, because the producer will be wiling to produce more in order to make more profit.

4 0
3 years ago
_________ is a condition in which the average level of prices is actually falling.
jeyben [28]

Answer:

<em>Deflation</em>

Explanation:

<em>Deflation is the overall decrease in products and services prices when  the rate of inflation drops below 0%</em>. it naturally occurs when an  economy's money supply is fixed.  

The buying power of currency and salaries in moments of deflation is greater  than they would have been.

This is different but comparable to <em>price deflation,  which is a general price level reduction.</em>

6 0
3 years ago
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