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kodGreya [7K]
3 years ago
6

Harpeth Valley Water District has a bond outstanding with a coupon rate of 3.55 percent and semiannual payments. The bond mature

s in 22 years, with a yield to maturity of 4.11 percent, and a par value of $5,000. What is the market price of the bond

Business
1 answer:
ElenaW [278]3 years ago
8 0

Answer:

$4,597.10

Explanation:

In this question we use the Present value formula that is shown on the attachment below:

Given that,  

Future value = $5,000

Rate of interest = 4.11%

÷ 2 = 2.055%

NPER = 22 years × 2 = 44 years

PMT = $5,000 × 3.55%  ÷ 2 = $88.75

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the market price of the bond is $4,597.10

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In which systems development life cycle do model developers use a model to generate functional requirements and physical design
Sergio [31]

The systems development life cycle in which model developers use a model to generate functional requirements and physical design specifications simultaneously is:

  • Prototyping life cycle

<h3>What is a Model?</h3>

This is a prototype which is used to represent a real thing to show the real life scenarios and applications on a much smaller scale.

With this in mind, we can see that in the prototyping life cycle, the model developers make functional requirements simultaneously to find out how the physical design specifications would look like.

Read more about life cycle here:
brainly.com/question/25754149

6 0
2 years ago
You just won the grand prize in a national writing contest! As your prize, you will receive $500 a month for 50 months. If you c
max2010maxim [7]

Answer:

<u>Prize is $22,071.39 worth today</u>

Explanation:

Present value of Annuity = A*[(1-(1+r)^-n)/r]

A - Annuity payment = 500

r - rate per period = 6/12 = .5%

n - no. of periods = 50

Present value of Annuity = 500*[(1-(1.005)^-50)/.005]

= 500*[(1-0.77928606825)/.005]

= 500*44.14278635

= $22,071.39

3 0
3 years ago
Legislation defining the mission of the Federal Reserve​ states: "The Board of Governors of the Federal Reserve System and the F
jeka57 [31]

Answer:

dual mandate.

Explanation:

dual mandate -

It is the practice in which the elected officials serves in more than one elected or public position .

In Britain , this term is also referred to as double jobbing .

In some cases , the dual mandate is prohibited by the law , as in the case of the federal states , because the federal office holders are not allowed to hold state office .

Hence  from the question information , the correct option is dual mandate .

5 0
3 years ago
Both buyers and sellers are price takers in a perfectly competitive market because
Paladinen [302]

Answer:

The price is determined by government intervention and dictated to buyers anti sellers each buyer and teller knows it it illegal to conspire to affect price.

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A perfectly competitive firm is a price taker, which implies that it must acknowledge the equilibrium price at which it sells products. In the event that a perfectly competitive firm attempts to charge even a modest sum more than the market price, it will be not able make any sales.

7 0
3 years ago
Which of the following is a reason for advertisers to divert their funds from traditional media? a. Increased funds available fo
Allisa [31]

Consumers’ desire to control their information environment is a reason for advertisers to divert their funds from traditional media.

C) Consumer's desire to control their information environment.

<u>Explanation:</u>

Earlier the information sources were limited and the audience didn't have many options to choose from. The elites and literates would opt for print media and the common audience would opt for radio and other medium of information.

The advertisement agencies would also target the audience based on the information source. Bit with the growing technological advancement, the consumer can now choose their own preferable source of information and hence the advertisers diverted their funds from the traditional media.

7 0
3 years ago
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