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
Ostrovityanka [42]
4 years ago
8

Union Local School District has a bond outstanding with a coupon rate of 2.8 percent paid semiannually and 16 years to maturity.

The yield to maturity on this bond is 3.4 percent, and the bond has a par value of $5,000. What is the price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
mafiozo [28]4 years ago
3 0

Answer:

$4,420.35

Explanation:

Bond Price = C x [1 - (1 + r)^{-n} / r] + F / (1 + r)^{n}

Where:

  • C = Coupon
  • r = Yield to Maturity
  • n = compounding periods to maturity

Now we plug the amounts into the formula =

Bond Price = $140 x [1 - (1 + 0.034)^{-32} / 0.034] + $5,000 / (1 + 0.034)^{32}

Bond Price = $4,420.35

You might be interested in
What does a wholesaling company do?
nikdorinn [45]

Answer:

B. Sell products to companies that plan to resell them

Explanation:

like costco

3 0
3 years ago
Read 2 more answers
The Cutting Department of Sheffield Company has the following production and cost data for July.
kykrilka [37]
The answer is A and dats a fact
4 0
3 years ago
Can someone answer this question please please I don’t know how to do it and it’s to tonight please
aalyn [17]

Answer:

1) 5

2) 2

3) 3

4) 3

5) 4

6) 18

7) 8

8) 16

9) 10

10) 33

Explanation:

1) 10/2 = 5

2) 4/2 = 2

3) 6/2 = 3

4) 9/3 = 3

5) 12/2 = 6, 24/6 = 4

6) 6/2 = 3, 6*3 = 18

7) 16/4 = 4, 32/4 = 8

8) 32/8 = 4, 4*4 = 16

9) 20/2 = 10, 1*10 = 10

10) 22/2 = 11, 11*3 = 33

<h2>HOPE THIS HELPS! CAN I GET BRAINLIEST PLEASE? THANKS! </h2>
3 0
3 years ago
Why are some producers forced to sell their products at the prevailing market price?
Elden [556K]

Answer: High degree of similarity to competitors products.

Explanation:

In a perfectly competitive markets, the producers are price takers as the producers cannot influence the prices of goods in a market.

In such cases, producers are forced to sell the goods at current market prices. Good sold in the market are similar and prices are usually the same. If a producer influences his or her price by setting a price above the equilibrium price in the market, the customers will move and purchase the product from other producers.

4 0
3 years ago
Read 2 more answers
In which of the following situations is Aidan a mentee?
Stels [109]

Answer:

The answer is Aidan is meeting with his advisor to select his courses based on his career.

Explanation:

A mentee is a person who is groomed, guided and trained by an expert or a mentor to become successful in what they do. This could be in thee field of sports, Business, administration, etc.

Most of the time, mentor guides the mentee to make decisions and to take correct decisions at the right time. It is somewhat different from what a teacher does and a mentor most of the time deals with real life scenarios and pracrical situations to give a better understanding to the mentee of the world and issues. It is more like advising.

7 0
3 years ago
Read 2 more answers
Other questions:
  • Adeeb has listed his condo with Maria's broker and she is his listing agent. The listing agreement is signed and the day to begi
    10·1 answer
  • Max and Alexandra are married and incur $5,500 of qualifying expenses to care for their two children, ages 2 and 5. Max's earned
    9·1 answer
  • What is the business model of Brainly? how can make money from users
    12·2 answers
  • Industrialization gave workers shorter working hours and time off on weekends, which allowed formore jobs per person.lower salar
    15·2 answers
  • The table below describes the total and marginal benefit elvis gets from fried peanut butter and banana sandwiches. elvis' fried
    7·1 answer
  • Cambridge Company has three divisions that all report to the vice president of manufacturing. Each division has two departments.
    9·2 answers
  • Which of these is a reason that citizens should vote?
    6·1 answer
  • Company A provides corn to Company B to make into corn syrup. Company B sells its corn syrup to Company C, who makes ice cream f
    12·1 answer
  • Dragon makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are
    11·1 answer
  • assume that interest rates on 20-year treasury and corporate bonds with different ratings, all of which are noncallable, are as
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!