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asambeis [7]
3 years ago
13

The bond has a coupon rate of 6.11 percent, it makes semiannual payments, and there are 2 months to the next coupon payment. A c

lean price of $977 and the par value is $1,000. What is the invoice price?
Business
1 answer:
allsm [11]3 years ago
6 0

Answer:

$997.37

Explanation:

For computing the invoice price first we have to determine the accrued interest which is shown below:

Accrued interest is

= Par value × coupon rate × remaining months ÷ total months

= $1,000 × 6.11% × 4 months ÷ 12 months

= $20.37

Now

Invoice price is

= Clean price + Accrued interest

= $977 + $20.37

= $997.37

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If the United States imports more than it exports, then this means that Group of answer choices the demand for dollars is likely
sladkih [1.3K]

Answer:

the supply of dollars is likely to exceed the demand in the foreign exchange market, ceteris paribus.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

If the United States imports more than it exports, then this means that the supply of dollars is likely to exceed the demand in the foreign exchange market, ceteris paribus.

Generally, when import exceeds export there would be a deficit in the financial account of the country.

Hence, a deficit on the current account is because the value of goods and services exported is lower than the value of goods and services being imported in a particular country.

8 0
2 years ago
The present value of $40,000 to be received in two years, at 12% compounded annually, is (rounded to nearest dollar)
ratelena [41]

Answer:

c. $31,888

Explanation:

The formula for calculating the present value is as below

Pv = FV x {  1/ (1+ r)^n }

Pv = $40,000 x { 1/ (1 +0.12)^2

Pv =$40,000 x (1/1.2544)

Pv =$40,000 x 0.7971938

Pv =$31,887.50

6 0
2 years ago
On september 1, capitol maintenance company contracted to provide monthly maintenance services for the next nine months at a rat
VARVARA [1.3K]

U<span>pon receiving the $21,600 payment of the client, Capitol should recognize a deferred revenue. Deferred revenue </span>is<span> the receipt of compensation when the services are</span> <span>not yet rendered. </span>Since they<span> started on September 1, </span><span>they </span>have rendered four months of service to the client until December 31. The rate of their services is $2,400 per month. Therefore, they have earned $9,600 for the current year. This is the adjusting entry to recognize revenue for the year: 

Deferred Revenue                          9,600

       Service Revenue                                       9,600

<span>               #</span>

3 0
3 years ago
What is the corpus callosum?
Nana76 [90]

The corpus callosum  is the part of the brain that has white matter that helps in  the connection  of the left and the right cerebral parts of the human brain.

<h3>What is the role of the corpus callosum?</h3>

The role of the Corpus Callosum is to make sure that the right side and the left side of the brain are able to connect.

By the word connect, this would mean that they are able to send messages to each other.

Read more on corpus callosum here: brainly.com/question/13094825

#SPJ12

4 0
1 year ago
Gillian is consuming her optimal consumption bundle of peanuts and raisins. The marginal utility associated with the last peanut
olchik [2.2K]

Answer: The price of peanuts realitve to that of raisins must be 2.

Explanation: Mathematically, relative prices are defined as:

Relative price of Good A with respect to Good B = Price of A / Price of B

So: Relative price of peanuts respect to raisins = Price of peanuts / Price of raisins

...

<u>Relative price of peanuts respect to raisins = 4 / 2 = 2.</u>

<u></u>

3 0
3 years ago
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