Answer:
7.43%
Explanation:
Where the debt is publicly traded , the cost of debt is equal to the yield to maturity
Approximate yield to maturity = [coupon +(face value - market price )/ number of years to maturity ]/ [{face value + market price]/2]*100
Face value - 2000
Market price - 1905
years to maturity= 30 years
Coupon =( 6.9%*2000)/ 2 = 69
Workings
[69 + (2000-1905)/30] / [(2000+1905]/2 *100)
([69+3.17]/[(3905]/2*100)
(72.17/1952) * 100 = 3.70
Annual yield = 3.7*2= 7.4%
7.4 % being an approximate yield value , the closest option is 7.43%
Answer:
Net loss = (6,700)
Explanation:
According to the scenario, computation of the given data are as follow:-
Income Statement
Particular Amount ($)
Revenue from Service 62,100
Revenue from Rent 8,500
Less-Salaries and wages expenses (50,700)
Less-Utilities expenses (22,600)
Less-Depreciation expenses (4,000)
Net loss (6,700)
Yes, Rubio will be able to successfully sue and collect the $1,000 later because their agreement was not fulfilled.
<h3>What is an agreement in contract?</h3>
In contract, an agreement is an element of what makes a contract valid. When an agreement is breached, then, the aggrieved party have a right to void the contract.
In conclusion, the answer is yes because Rubio will be able to successfully sue and collect the $1,000 later because their agreement was not fulfilled.
Read more about agreement
<em>brainly.com/question/997952</em>
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