Answer:
Number of coupon payments = 13.5*2= 27
Coupon = 6%*1000/2= 30
Let rate be r
Present value of all future payments = $87
875 = 30*(1-1/(1+r)^27)/r + 1000/(1+r)^27
R= 3.74%
Nominal rate = 3.74%*2 = 7.49%
hope it's help you ok have a good day
Answer:
what you will be when grow up?
Explanation:
Changes in a company's macroenvironment will be the most responsible for changes in its organizational processes.
Looking historically, it is possible to see how much the work and business environment has been directly impacted by changes in society.
Currently, the biggest change we can perceive is the phenomenon of globalization, caused by technological changes, which have made it possible to reduce distances and speed up the exchange of information, which has facilitated companies to reach international markets, increase their market and gain advantages strategic and competitive globally.
Answer:
The Service revenue should be recorded on June 30, 2016 adjusting entry is $6,000
Explanation:
According to the given data Service revenue = $12,000 per month
Since services will begin from June 16, thus on June 30, service revenue should be recorded for half month only.
We would calculate the Half month service revenue as follows:
Half month service revenue = $12,000 x 1/2
Half month service revenue
= $6,000
Therefore the Service revenue should be recorded on June 30, 2016 adjusting entry = $6,000