Answer:
Coupon rate = 5.8%
Explanation:
The price of a bond is the present value (PV) of the future cash flows discounted at its yield.
So we will need to work back to ascertain the coupon rate
Step 1
<em>Calculate the PV of redemption value and PV of interest payments</em>
<em>PV of Redemption </em>
= 1.067^(-5) × 1000
=723.06
<em>PV of the annual interest rate</em>
= price of the bond - PV of redemption
= $964- 723.06
= 240.934
Step 2
<em>Calculate the interest payment</em>
Interest payment = PV of redemption value / annuity factor
Annuity factor =( 1 -(1+r)^(-n) )/r
<em>Annuity factor at 6.7% for 5 years</em>
Factor =( 1-1.067^(-5) )/0.067
= 4.1333
Interest payment = <em>PV of the annual interest rate</em> / Annuity factor
Interest payment=
=240.93/4.1333
=58.290
Step 3
<em>Calculate the coupon rate</em>
Coupon rate = interest payment/ par value
Coupon rate = (58.290/1000) × 100
= 5.8%
Coupon rate = 5.8%
Answer:
Only going to dept for things you really need and have planned for
Answer:1.Even though Kelly did not actively post the leaked information on social media, Don and the rest of the management team decided she was still responsible for the social media infringement because she
a.told someone information which led to the social media post.
2.In the case of Serena’s social media complaints about the company, Don says the key is that, though her comments did not put the company in a good light, there are important lines she did not cross. ________, racial bias, and foul language are the three examples he cites that would beinfringements on company social media policies.
a.Hate speech
3.What is Don’s response when Kelly tells him that the assistant manager labelled social media training a “low priority”?
a.He makes a note to make sure it’ll never happen again.
4.When Kelly continues to argue against the decision to let her go, Don tells her that he is sorry to see her go and that he will give her the best reference he can under the circumstances. Here, what is his strategy for managing this difficult confrontation?
a.showing empathy for the employee
5.After the confrontation with Kelly, Don says that one thing that did not help the decision to let Kelly go was that she refused to take ________ for the social media violation.
a.responsibility
Explanation:
