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Answer:
$1,123.69
Explanation:
We can use the yield to maturity formula to determine the current market price of the bonds.
YTM = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]
- YTM = 5.3% / 2 = 2.65%
- coupon = $1,000 x 7% x 1/2 = $35
- face value = $1,000
- n = 9 years x 2 = 18
0.0265 = {35 + [(1,000 - M)/18]} / [(1,000 + M)/2]
0.0265 x [(1,000 + M)/2] = 35 + [(1,000 - M)/18]
0.0265 x (500 + 0.5M) = 35 + 55.56 - 0.05555M
13.25 + 0.01325M = 90.56 - 0.05555M
0.0688M = 77.31
M = 77.31 / 0.0688 = $1,123.69
Answer:
12 months
2020 $22,400
2021 $22,400
24 months
2020 $22,400
2021 $44,800
Explanation:
Calculation to Determine the income to be recognized in taxable income in 2020 and 2021.
Length of Contract
12 months
2020 Income=$44,800 * 6/12=$22,400
2021 Income=$44,800 * 6/12=$22,400
24 months
2020 Income=$89,600 *6/24=$22,400
2021 Income =$89,600 *12/24=$44,800
Therefore the income to be recognized in taxable income in 2020 and 2021 will be:
12 months
2020 $22,400
2021 $22,400
24 months
2020 $22,400
2021 $44,800
Answer:
22,401,500 MXN exit from account
Explanation:
Given:
MXN at 22.4015
Amount = $1,000,000
MXN at short position
Find:
Flow of MXN
Computation:
MXN at short position so, flow is exit
MXN exit = 1,000,000 × 22.4015 )
22,401,500 MXN exit from account
