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Ksju [112]
3 years ago
11

Pelzer Printing Inc. has bonds outstanding with 9 years left to maturity. The bonds have a 8% annual coupon rate and were issued

1 year ago at their par value of $1,000. However, due to changes in interest rates, the bond's market price has fallen to $910.40. The capital gains yield last year was -8.96%.What is the yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places.

Business
1 answer:
ICE Princess25 [194]3 years ago
5 0

Answer:

9.53%

Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.  

The NPER represents the time period.

Given that,  

NPER - 9 years

PMT - $1,000 × 8% = $80

Present value = $910.40

Future value = $1,000

The formula is shown below:

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

The present value come in negative

So, after solving this, the answer would be 9.53%

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In the fictional country of Dirian the economics statistics department has been busy calculating the price index for a basket of
inysia [295]

Answer:

Inflation refers to the general rise in price levels of goods and services in an economy.

Inflation = \frac{CPI in current year - CPI in previous year}{CPI in current year} *100

2014 Inflation;

Inflation = \frac{104.7 - 100}{100} *100\\= 0.047

= 4.7%

2015

Inflation = \frac{109.3 - 104.7}{104.7} *100\\\\= 0.0439

= 4.39%

2016

Inflation = \frac{113.1 - 109.3}{109.3} *100\\\\= 0.0348

= 3.48%

2017

Inflation = \frac{119.2 - 113.1}{113.1} *100\\\\= 0.0539

= 5.39%

4 0
3 years ago
The rate of interest on money held in a savings account, _______ the amount of money saved.
KIM [24]
A. Decreases


Hope it helps!
4 0
2 years ago
A(n. ________ provides most or all of the services needed to mount an advertising campaign.
Eduardwww [97]

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<h3>How is a full-service advertising firm structured?</h3>

Regardless of size, all advertising businesses typically consist of three main divisions or parts: account services, creative teams, and media professionals. Even though they may go by different names in different organizations, these items typically have the same functions.

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In order to support a company's short- and long-term goals, a full-service digital firm can scale its efforts up or down. As a firm grows, its goals may change. A full-service digital marketing agency may quickly adapt to move in the same direction as a company.

Learn more about full service agency: brainly.com/question/1358062

#SPJ4

3 0
1 year ago
The U.S. government pays an economist at the U.S. Department of Commerce $50,000 in salary in 2006. The economist then retires.
Phantasy [73]

Answer:

d.  

The 2006 payment is included in 2006 GDP as government purchases, but the 2007 payment is not included in 2007 GDP.

Explanation:

The 2006 salary was of that year's service provided by the Economist. So it is included in 2006 GDP.

The retirement benefits in 2007 is a transfer payment by government where benefits are paid without any service to be received in return. Transfer payments are not included in GDP

8 0
2 years ago
Use these aspects of goal-setting theory to best complete the following sentences. Use each term no more than once.
____ [38]

Answer:

1. Goal acceptance

2. Goal commitment

3. Management by Objective

EXPLANATION:

1) Goal acceptance.

In as much James was not involved in the goal setting , his effort towards the goal was low and was uninterested to attain the target.

2) Goal commitment

Carol's commitment is very high to achieve the desired level of  performance .

3) Management by Objective

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Since, It is the collaborative goal setting process to help surge the goals down the organization, then the scenario described in question 3 is termed

Management by Objective

Explanation:

3 0
3 years ago
Read 2 more answers
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