The annual YTM will be 3.07% if the bonds make semiannual payments and sell for 94 percent of par value.
<u>Given data</u>
Coupon rate (CR) = 5.4%
Current price (B0) = 94%
Assuming maturity value (MV) = 100%
Years to maturity (n) = 15.
<h3>What is the Annual YTM?</h3>
YTM = CR + ((MV − B0)/n) / ((MV + B0)/2)
YTM = 5.4% + (100% - 94%)/15) / (100% + 94%)/2)
YTM = 0.054 + (-0.03866666666) / 0.97
YTM = 0.01533333334 / 0.97
YTM = 0.015333 * 2
YTM = 0.030666
YTM = 3.07%
In conclusion, the annual YTM will be 3.07% if the bonds make semiannual payments and sell for 94 percent of par value.
Read more about Annual YTM
<em>brainly.com/question/15711043</em>
Answer:
Chen Corporation's Net Cash Flows from Financing Activities during the year are $836,000
Explanation:
Cashflows from Financing Activities
Payment made to purchase treasury stock during the year $(54,000)
Dividends declared and paid during the year $(10,000)
Proceeds received from issue of Bonds Payable during the year $900,000
Net Cash flow from Financing Activities $836,000
*Please note that figures in brackets represent Cash Outflows
Answer: A) affiliation
Explanation: According to McClelland's Learned Needs Theory, 3 motivators was identified which are :
1. The need for Affiliation
2. The need for Achievement
3. The need for Power
The need for Affiliation: This is motivator that wants to belong to a group, will often like to go along with others in the group and hates uncertainty.
The need for Achievement: This is a motivator that has a strong urge to set and accomplish goals, likes to take calculated risks, likes feedback on achievements and likes to work alone.
The need for Power: This is a motivator that wants to be in control, enjoys competition and like to win all arguments.
Generally, this theory helps to identify the determinant motivators in a group/team
Answer:
b) implies that security prices properly reflect information available to investors and that active traders will find it difficult to outperform a buy-and-hold strategy.
Explanation:
The efficient market hypothesis states that the price of assets in the market reflects all information that is available. This means that it is impossible to gain unfair advantage over others in the market as a result of privileged information about a transaction.
In this scenario a buy and hold strategy will be most effective because investors can buy assets and hold them for a long time regardless of short term fluctuations. Sale is made at a optimal time.
Active traders will be subject to short term fluctuations and will most likely not perform like the buy and hold traders
Answer:
ASSETS = LIABILITIES + EQUITY
<u>cash</u> <u>supplies</u> <u>equip.</u> <u>land</u> = <u>acc. payable common stock</u>
19,000 19,000
-1,500 1,500
12,000 12,000
400 400
<u>-11,000 11,000 </u>
6,500 1,900 12,000 11,000 = 400 31,000
Explanation:
Dr cash 19,000
Cr common stock 19,000
Dr supplies 1,500
Cr cash 1,500
Dr equipment 12,000
Cr common stock 12,000
Dr supplies 400
Cr accounts payable 400
Dr land 11,000
Cr cash 11,000
