Answer:
Value of the bond = $862.013
Explanation:
The value of the bond is the present value of the future cash receipts expected from the bond. The value is equal to present values of interest payment and the redemption value (RV).
Value of Bond = PV of interest + PV of RV
The value of the bond can be worked out as follows:
Step 1
<em>Calculate the PV of Interest payment
</em>
Present value of the interest payment
PV = Interest payment × (1- (1+r)^(-n))/r
Interest payment = $40
PV = 40 × (1 - (1.05)^(-12×2)/0.05)
= 40 × 13.7986
= 551.945
Step 2
<em>PV of redemption Value
</em>
PV of RV = RV × (1+r)^(-n)
= 1000 × (1.05)^(-12×2)
= 310.067
Step 3
<em>Calculate Value of the bond </em>
= 551.94567 + 310.067
=862.01
Value of the bond = $862.013
Answer: b
Explanation: i just did it on my test and got B
Answer:
$39,000
Explanation:
This can be calculated as follows:
Charitable contribution to carry forward = Contribution to church + Contribution to qualified charities + Half of the fair market value of contributed religious artwork
Therefore, we have:
Charitable contribution carry forward = $6,000 + $3,000 + ($60,000 ÷ 2) = $39,000
Therefore, the amount of the charitable contribution carry forward beyond the current year for Gina Hestopolis is $39,000.
Answer:
The total loss in welfare to the economy will be -$32.
Explanation:
By intersecting the supply function QS to the demand function QD, we will find the equilibrium price:
QD = QS
16P - 8 = 64 - 16P
16P + 16P = 64 +8 =
32P = 72
P = $2.00
Replacing the equilibrium price either in QS or QD, we foind the equilibrium quantity:
QS = 64 - 16*2 = 64 -32
QS = 32
In this case the total revenues at the equilibrium price RE will be:
RE = 32 * $2 = $64
On the other hand if the government imposes a price floor at $3.00, then the new total revenues RN will be:
RN = 32 * $3 = $96
Therefore the total losses is find by subtracting the revenue at the goverment price floor RN to the revenue at the equilibrium price RE:
LT = RE - RN
LT = $64 - $96 = -$32
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And the answer is Proves our expertise.
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