1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
krok68 [10]
3 years ago
10

Setrakian Industries needs to raise $83.3 million to fund a new project. The company will sell bonds that have a coupon rate of

5.88 percent paid semiannually and that mature in 30 years. The bonds will be sold at an initial YTM of 6.61 percent and have a par value of $2,000. How many bonds must be sold to raise the necessary funds
Business
1 answer:
SOVA2 [1]3 years ago
7 0

Answer:

The question is missing the options, which can be found in the attached.

The number of bonds necessary to raise the funds is 46,009

Explanation:

First of all, I calculated the price at which would be issued using the pv formula in excel, which =pv(rate,nper,pmt,fv)

rate is the yield to maturity divided by 2 because it is semi-annual payment

nper is 30 years multiplied by 2

pmt is the semi-annual coupon payment

fv is the $2000 payable on maturity

Find attached.

Download xlsx
You might be interested in
Why you believe it is important to align it with the organization's core goals and strategic direction?
OverLord2011 [107]

Answer:

Managers must ensure that their individual goals and work - as well as that of their direct reports - is in line with the overarching strategy. Then, you can ensure that your people are driving progress daily. Proper strategic alignment ensures the work of your best talent is being effectively and efficiently utilized

4 0
3 years ago
Employee morale at dos santos, inc., is very high. this type of informtaion is an example of:_______
Ad libitum [116K]

Employee morale at dos Santos, inc., is very high. this type of information is an example of <u>Qualitative Data</u>

<h3>Qualitative data: What are they?</h3>

Information that approximates and characterizes is what qualitative data are. Qualitative information can be observed and recorded. This particular data type is not numerical. This kind of information is gathered using focus groups, one-on-one interviews, observations, and similar techniques. In statistics, categorical data, or information that can be categorized based on the characteristics and traits of an object or phenomena, is often referred to as qualitative data.

It is frequently referred to as categorical data because qualitative data can be categorized.

Imagine a situation where a student reads aloud in class from a section of a book. A teacher who is listening to the reading offers feedback on the passage that the student read. An example of qualitative data is when a teacher gives feedback to a student without deducting points for fluency, intonation, word choice, or pronunciation clarity.

As a result, dos Santos, Inc. has exceptionally high employee morale. This kind of data is an illustration of qualitative data.

For more information on <u>Qualitative Data</u>, refer to the following link:

brainly.com/question/12929865

#SPJ4

3 0
1 year ago
I need money :/ how do you make an online business
svp [43]
You could sell things on Etsy
4 0
2 years ago
Read 2 more answers
Jefferson Company has sales of $300,000 and cost of goods available for sale of $270,000. If the gross profit ratio is typically
Ivenika [448]

Answer:

$60000

Explanation:

Given: Sales = $300000.

           Cost of goods available for sale= $270000.

           The gross profit ratio= 30%

First finding the gross profit out of total sales.

Gross profit= 30\% \times 300000

Gross profit= \$ 90000

∴ Cost of goods sold= Total\ sales - gross\ profit

Cost of goods sold= 300000-90000

Cost of goods sold=  \$ 210000

Hence, cost of goods sold= \$ 210000

Now, finding estimated cost of the ending inventory.

Cost of ending inventory= cost\ of\ goods\ available\ for\ sale - cost\ of\ goods\ sold

⇒ Cost of ending inventory=  \$ 270000- \$ 210000

∴ Cost of ending inventory=  \$ 60000

Hence, estimated cost of the ending inventory under the gross profit method would be $60000.

3 0
3 years ago
Where should a worker go for equipment to help put out a small fire?
zhannawk [14.2K]

911

Explanation:

police, firefighter sjdndnsksnskznxx

3 0
3 years ago
Read 2 more answers
Other questions:
  • Select all that apply.
    5·1 answer
  • Travis has a 2,400 square foot home. He is a sales representative for a pharmaceutical company and uses one room of his home exc
    11·1 answer
  • ​Amber, Inc. provides the following information for​ 2019: Net income $ 330 comma 000 Market price per share of common stock $ 6
    8·1 answer
  • When do the OSD comptroller analyst and Office of Management and Budget analyst hold hearings to review the service's budget?
    9·1 answer
  • Which of the following is a characteristic of a management control​ system? A. It deals with coordinating planning across the or
    13·1 answer
  • While under contract to play professional basketball for the Philadelphia 76ers, Billy Cunningham, an outstanding player, negoti
    8·1 answer
  • Swifty Inc. and Blossom Co. have an exchange with no commercial substance. The asset given up by Swifty Inc. has a book value of
    6·1 answer
  • Which statement about natural resources is NOT true?
    12·2 answers
  • You have a handyman services business. You have the following financial information for the month. Initial cash balance: $1,500
    10·2 answers
  • Overuse of the priority flag by a business email sender can lead to a reputation as?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!