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klasskru [66]
3 years ago
14

A bond has a par value of $1,000, a current yield of 7.17 percent, and semiannual coupon payments. The bond is quoted at 104.68.

What is the amount of each coupon payment?
Business
1 answer:
RSB [31]3 years ago
7 0

Answer:

Each payment = $37.52778

Explanation:

Given:

Bond value = $1,000

Current yield = 7.17% = 0.0717

Bond quoted = 104.68%

Payment method = Semi-annual = 2 payment

Computation of annual coupon amount:

Current yield = Annual coupon / (Bond value × Bond quoted)

0.0717 = Annual coupon / ($1,000 × 104.68%)

0.0717 = Annual coupon / ($1,046.8)

Annual coupon = 0.0717 × $1,046.8

Annual coupon = $75.05556

Computation of each payment:

Each payment = Annual coupon amount / 2 payment

Each payment = $75.05556 / 2

Each payment = $37.52778

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In the New Economy, people are most rewarded through education and intellectual growth when they spend years studying a broad ar
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False

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The formal education setting has not been changing at the same rate with the daily changes in <em>business</em>, <em>technology</em> and other <em>socio-economic </em>elements.Therefore people who spend years studying a broad array of subjects in formal educational settings are less likely to be rewarded through education and intellectual growth.

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____ focuses on the productivity of the individual worker; the _____ approach focuses on the total organization.
telo118 [61]

Individual productivity in the workplace entails executing tasks that advance you toward achieving your objectives in a timely manner and contribute to your work-life balance and simplicity. You divide the average production for a given period by the expenses incurred or the resources, such as staff, used during that period to determine productivity.

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7 0
1 year ago
The proper order of the following steps in the accounting cycle is prepare unadjusted trial balance, journalize transactions, po
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<em>2. Transactions are posted to the ledger.</em>

<em>3. An unadjusted trial balance is prepared. </em>

<em>4. Adjustment data are asssembled and analyzed. </em>

<em>5. An optional end-of-period spreadsheet is prepared. </em>

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<em>7. An adjusted trial balance is prepared. </em>

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<em>9. Closing entries are journalized and posted to the ledger. </em>

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3 years ago
The indifference policy advocates that dividends are irrelevant. firms are indifferent to dividend policy but stockholders are n
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The indifference policy advocates that dividends are irrelevant.

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The indifference Policy holds that that dividends do not add value to a company’s stock price.

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