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
uranmaximum [27]
3 years ago
11

Rachel McGovern bought a 10-year bond for $921.77 seven years ago. The bond pays a coupon of 15 percent semiannually. Today, the

bond is priced at $961.22. If she sold the bond today, what would be her realized yield
Business
1 answer:
trasher [3.6K]3 years ago
5 0

Answer:

17%

Explanation:

Purchase price of bond = $921.77

Years investment held = n = 7

Coupon rate = C = 15%

Frequency of payment = m = 2

Annual coupon = $1,000 × (0.15/2) = $75.00

Realized Yield = i

Selling price of bond = PB = $961.22

The realized rate of return is approximately 16.6 percent. Using a financial calculator provided an exact yield of 16.625 percent.

You might be interested in
Research was conducted by professor jobs to check which one program out of three given programs is the optimal choice for a stud
maw [93]
We have that the student gains the same reward completing any one of the three programs; thus the program with the least cost is optimal. We have that the first program costs 38.600$. Nevertheless, we need to also account for the lost opportunity, which is 2000$ per month. Thus, instead of going to the program, the student could have saved 38.600$+6*2000$=50.600$. Now for the 12month program, we have similarly 35.000$+12*2000$=59.000$. Finally, for the 15month program, the calculation yields: 28.600$+15*2000$=58.600$. We see that the best program to attend is the 6-month one (lowest total opportunity cost); despite it being the most expensive one, after completing it the student can make up for it by grabbing the other opportunity and making 2000$ per month (in the other programs, the student cannot work for 6 or 9 months more than this program).
7 0
3 years ago
Which of the following would most likely use a job order costing system? a.oil refinery b.company that manufactures chlorine for
mamaluj [8]

Answer:

d swimming pool installer

Explanation:

7 0
3 years ago
You are going to sell your house. You are determining what the price should be. To help you, you have collected information of h
viktelen [127]

ANSWER: The data collected is NOT an appropriate representation that can be used to determine how much you should sell your house.

EXPLANATION: A house is evaluated by the contents which were used to build it. For instance a house built with a bricks can not be of the same value with a wood or block house, even though they have the same pattern.

Because the data does not show the values of the contents of the house, which are: walls, pattern, designs, how many stirs, roof, and interior quality, it cannot be used to determine the price you should sell your house.

Also, looking at the data gotten, you can understand that this houses has been sold according to the contents that made up the building, because some old builder were sold more costlier than some new buildings, and some building with a much bigger square feet were sold in a lower price when compared to some buildings with a smaller square feet

4 0
3 years ago
Requirement
Kipish [7]
The best early career choice for the senior interested in ultimately becoming a certified fraud examiner is to start working as an internal auditor. The work profile of an internal auditor complements the responsibilities performed by a certified fraud examiner. Since an internal auditor is someone who has the opportunity to work in all areas of the business. There is practical exposure in compliance, operational, and financial auditing.
7 0
3 years ago
The present government has initiated the tax reforms such as relaxation of taxes on relaxing a property sales tax, and removal o
DochEvi [55]

Answer:

= the IS curve shifts right and the

economy moves along the LM curve

Explanation:

= the IS curve shifts right and the

economy moves along the LM curve= the IS curve shifts right and the

economy moves along the LM curve= the IS curve shifts right and the

economy moves along the LM curve

5 0
3 years ago
Other questions:
  • About eight months ago, 14-year-old shelley went on a drastic weight-loss diet that caused her to drop from 110 to 80 pounds. al
    13·1 answer
  • Mary and David are partners who share profits and losses on a 3:1 basis. This means Mary receives 75% and David receives 25% of
    10·1 answer
  • True or false? An investment portfolio is the collection of stocks, bonds, and other securities a person owns.
    14·1 answer
  • ​_______________ profiles the major forces and trends that are impacting the​ industry, including​ pricing, competition, regulat
    11·1 answer
  • Last month, sellers of good Y took in $100 in total revenue on sales of 50 units of good Y. This month sellers of good Y raised
    9·1 answer
  • The sole responsibility of management with regard to financial reporting involves preparing and presenting financial statements
    8·1 answer
  • Home Value Inc., Max Cart Inc., and Nice Necessities Inc. are three consumer-product retailing companies. Their products consist
    8·1 answer
  • The three major economic impacts of tourism are. a.Cultural facilities, infrastructure, and employment b.Employment, income, and
    11·2 answers
  • Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December she received
    6·1 answer
  • Independent auditing can best be described as:________. A. A regulatory function that prevents the issuance of improper financia
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!