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
Karo-lina-s [1.5K]
3 years ago
13

Suppose a bond with a 10% coupon rate and annual coupons, has a face value of $1,000, 5 years to maturity and is selling for $1,

197.93. Please calculate 1. Yield to Maturity (please key in formulas or calculator input, without procedure, no point is granted)
Business
1 answer:
Taya2010 [7]3 years ago
7 0

<u>Solution and Explanation:</u>

1. the Yield to maturity

FV = 1,000

PMT = FV multiply with Coupon rate , PMT = 1,000 multiply with 0.1 = 100

N = 5 , PV = -1,197.93

CPT I/Y

I/Y = 5.380166647

Therefore, the Yield to maturity = 5.380166647%

Where: FV – fair value, PV – Present value

2. Current yield = Coupon payment divided by Price

Current yield = 100 divided by 1,197.93

By solving we get,

Current yield = 0.08347733173

Therefore, the Current yield = 8.347733173%

You might be interested in
Felix works for an animal rescue. His boss showed him how to take an existing vaccination record, alter it with a new dog’s info
serious [3.7K]

Answer:

found out his boss was ordering the selections of document and reporting it was the right thing to do

3 0
3 years ago
The _________ was created in order to alert insurer home office underwriters of errors, omissions, or misrepresentations made on
antoniya [11.8K]

The MIB was created in order to alert insurer home office underwriters of errors, omissions, or misrepresentations made on insurance applications.

<h3>What is medical coverage?</h3>

Medical and health-related expenses are covered by a type of insurance coverage called health insurance. Regular care, medical emergencies, and chronic illness management are all partially or fully covered by health insurance. In the US, health insurance is frequently offered by employers as a benefit package, while Medicare and Medicaid offer health insurance to the elderly and others with low incomes.

To know more about "  medical coverage ", visit: brainly.com/question/1941778

#SPJ4

3 0
2 years ago
ChimneySweep provides cleaning services for residential chimneys and fireplaces. The cleaning service requires $20 in variable c
Elis [28]

Answer:

$498.75

Explanation:

The computation of the average cost per cleaning service call is given below:

= (Fixed costs of labor, the company’s truck, and administrative support + number of service calls per months × total number of months in a year × variable cost per cleaning material) ÷ (number of service calls per months × total number of months in a year)

= ($459,600 + 80 × 12 × $20) ÷ (80 × 12)

= ($459,600 + $19,200) ÷ ($960)

= $498.75

6 0
3 years ago
Martin Aerospace is currently operating at full capacity based on its current level of assets. Sales are expected to increase by
zhuklara [117]

Answer:

A. Total assets will increase at the same rate as sales.

Explanation:

<em>Option E</em> is wrong because dividends will not increase at the same rate; therefore, retained earnings will not increase at the same rate as sales.

<em>Option D</em> is incorrect because sales are increasing, which leads to a different profit margin.

As sales increases to a specific percent, owners' equity will not remain constant. So, <em>option C</em> is wrong.

<em>Option B</em> is wrong because long-term debt will not change.

Option A is correct because if sales are credit sales; therefore, total assets will increase at the same rate as sales.

7 0
3 years ago
Shore Co. sells two products, kayaks and motors. Last year, Shore sold 12,600 units of kayaks and 23,400 units of motors. Relate
astraxan [27]

Answer:

Break-even points in  units is  33,705.00  

Explanation:

Break-even point in units=fixed costs/weighted average selling price-weighted average variable cost

Kayaks       12,600

Motors        23,400

total             36,000

kayaks  sales mix=12,600/36,000=0.35

Motors sales mix  =23,400/36,000=0.65

weighted average selling price=$120*0.35+$80*0.65

                                                   =$42+$52

                                                    =$94

weighted average variable cost=$80*0.35+$60*0.65

                                                     =$28+$39

                                                     =$67

fixed costs is $910,035

break-even points in units=$910,035/($94-$67)

                                           = 33,705.00  

The mix of both Kayaks and Motors that would gives no profit no loss is  33,705.00  

8 0
3 years ago
Other questions:
  • The key to building a network is to: a. be able to ask for favors. b. convince someone to do something that he or she may not or
    15·1 answer
  • At one school, the average amount of time tenth-graders spend watching television each week is 21.6 hours. the principal introdu
    12·1 answer
  • which strategy specifies the firm's overall direction in terms of its general orientaion toward growth, the industries or market
    9·1 answer
  • firm purchased copper pipes a few years ago at ​$10 per pipe and stored​ them, using them only as the need arises. The firm coul
    5·1 answer
  • Burkhardt Corp. pays a constant $13.60 dividend on its stock. The company will maintain this dividend for the next 9 years and w
    9·1 answer
  • High-performance teams are characterized by: members with only individual accountability. members with specialty skills rather t
    6·1 answer
  • provide two reasons why public participation is important for people experiencing lack of basic services​
    10·1 answer
  • What is a public good?
    8·1 answer
  • Planning involves ________.
    13·1 answer
  • The information systems of several firms have been compromised by insiders that can include contract employees, cleaning staff,
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!