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
HACTEHA [7]
3 years ago
15

Tecunltd Corporation has issued bonds that have a 9 percent coupon rate, payable semiannually. The bonds mature in 8 years, have

a face value of $1,000, and a yield to maturity of 8.5 percent. What is the price of the bonds
Business
1 answer:
kherson [118]3 years ago
4 0

Answer:

$1051.7

Explanation:

Semi-annual coupon payments = $1000 x 9% x 6/12 = $45

Using financial calculator, we have the following inputs:

PMT = $45 (semi-annual coupon payments)

n = 16 (bonds mature in 8 years, total payments is 8x2 = 16)

I/Y = 4.25    (YTM = 8.5% per annum = 4.25% semi-annually)

FV = $1045 (face value + semi-annual coupon payment = 1000+45 =1045)

PV = ? (Price of the bond)

PV = $1051.7

You might be interested in
promissory note received from a customer in exchange for an account receivable is recorded by the payee as
luda_lava [24]

Answer: Note Receivable

Explanation:

A Note Receivable is a written document from a party promising to repay another party with interest on amounts borrowed in form of cash or otherwise thereby creating a debtor - creditor relationship between them.

When a promissory note is received from a customer in exchange for an accounts receivable it is a <em>Note Receivable</em> and the Payee being the creditor will record it as such.

4 0
3 years ago
If you put $50 in a savings account that paid 10% compounded yearly, how much interest would you earn in 3 years?
stepladder [879]

Answer:

$66.55

Explanation:

10% of 50 = 5

55 in one year

10% of 55 = 5.5

60.5 in two years

10% of 60.5 = 6.05

66.55 in three years

Hope this helped

4 0
3 years ago
Nce managers of The Grecian Urn have decided on their product concept and marketing strategy, they can evaluate the business att
Nataliya [291]

Answer:

2. feasibility study

Explanation:

A feasibility study is done to analyse whether for example a school should or not expand the building open new sections and so on. the study also evaluates for labor and work in progress. It is an analysis of a proposed project to determine whether it is feasible and should go further. Feasibility is further divided into different categories such as economical , technical, operational etc. It aims to check the competitiveness of the business in the market and check its economic growth.

6 0
3 years ago
Your $6100 investment grows to $12200 over the course of 9 years compounded quarterly. what interest rate did you receive on you
k0ka [10]
The formula is
A=p (1+r/k)^kt
A future value 12200
P present value 6100
R interest rate ?
K compounded quarterly 4
T time 9 years

Set the equation and solve for r (interest rate)
12200=6100 (1+r/4)^(4×9)
Divide both sides by 6100
12200/6100=(1+r/4)^(36)
2=(1+r/4)^(36)
Take the root of 36 for both sides
2^(1/36)=1+r/4
R= (2^(1/36)-1)×4
R=(2^(1÷36)−1)×4
R=0.0778×100
R=7.78%

Hope it helps!
6 0
3 years ago
Keynesians a. advocate for a laissez-faire approach. b. believe that equilibrium may exist at less than full employment.c. belie
Olin [163]

Answer:

c. believe in the use of fiscal policy to stabilize the economy.

Explanation:

According to Keynesian theory, the sum of some micro-economic behaviors of all individuals and businesses results in inefficiency and the economy operates at a level below its potential output and growth. When total demand for products is insufficient, the economy enters a crisis and unnecessary unemployment arises due to defensive behavior of the producers. In such cases, the government may pursue policies to increase aggregate demand, and as a result may accelerate economic activities and reduce unemployment. Most Keynesian propose policies to stabilize the business cycle. For example, when the unemployment level is too high, the state can pursue a growth-oriented monetary policy.  , one of the most famous of his critiques, Keynes argues and did not agree with "The Laissez-faire" that he opined  the doctrines of laissez-faire are dependent on some extent on a case-by-case basis.

8 0
3 years ago
Other questions:
  • Darrin’s employees are highly skilled, so he allows them free rein to do their jobs.
    6·1 answer
  • During Year 1, Fox Co. introduced a new product carrying a two-year warranty against defects. The estimated warranty costs relat
    6·1 answer
  • Bagwell's net income for the year ended December 31, Year 2 was $175,000. Information from Bagwell's comparative balance sheets
    7·1 answer
  • An example of an ongoing cost is _____.
    7·2 answers
  • Just for me is a line of hair care products for pre-teenage girls, that is, girls between the ages of eight and twelve. this is
    13·1 answer
  • Which of these sites would need additional investigation to check for reliability?
    11·1 answer
  • Milden Company is a merchandiser that plans to sell 27,000 units during the next quarter at a selling price of $53 per unit. The
    7·1 answer
  • Mariota Corp. just paid a dividend of $4.30 per share on its stock. The dividend growth rate is expected to be 3.2 forever and i
    9·1 answer
  • After graduation, you decide to go into a partnership in an office supply store that has existed for a number of years. Walking
    10·1 answer
  • The Chief Strategy Officer for Miles Corporation is putting together a presentation using the Boston Consulting Group Matrix. Th
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!