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Korolek [52]
3 years ago
15

Booker Petroleum Refiners (BPR) has an issue of 8-year, 11% annual coupon bonds outstanding. The bonds, which were originally is

sued 12 years ago, have a face value (FV) of $1,000, a yield to maturity (YTM) of 7%, and are noncallable. What is the current market price of BPR’s bonds? (Note: Do not round your intermediate calculations.)

Business
1 answer:
Rzqust [24]3 years ago
8 0

Answer:

$1,238.85

Explanation:

In this question, we use the present value formula which is shown in the spreadsheet.  

The NPER represents the time period.

Given that,  

Future value = $1,000

Rate of interest = 7%

NPER = 8 years

PMT = $1,000 × 11% = $110

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the answer would be $1,238.85

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What trait are narcissists likely to have that is associated with leader emergence but not effectiveness?
Evgen [1.6K]

Answer:

c. high creativity

Explanation:

Narcissistic personality disorder is characterized by the behavior of an individual who has a great need to feel admired, this individual has a mental disorder that leads him to have an exacerbated perception of himself and his characteristics, having a vanity and a sense of very strong self-importance.

The characteristic that narcissists probably have and is associated with the emergence of the leader, but not effectiveness, may be high creativity, as such individuals can be creative in the sense of self-valuing themselves and their personal achievements, leading to even making up stories to feel valued, while the creativity present in a leader is focused on a vision of the business and management of a company and people, so it is correct to say that a leader's creativity aims to make business more efficient and improve working conditions of its employees.

7 0
3 years ago
Every year, 7 Days, a large retail chain, organizes a large annual function in which it gives an "Employee of the Year" award to
Simora [160]

Answer:

E) ceremonies

Explanation:

In an organization's culture, ceremonies are extremely important for what they represent, not necessarily for the monetary amount of a price. A ceremony is a formal event and in this case it occurs in front of almost all the employers of the retail chain. The employee that is awarded the prize is not only given money, he/she is also being recognized for being the employee of the year in front of everyone else.

5 0
4 years ago
Read 2 more answers
Which type of graphic organizer would best organize your notes on how to start a small business?
Dimas [21]
My best guess is a timeline!
4 0
3 years ago
"In a Real Estate Limited Partnership, the general partner refinances an existing $5,000,000 mortgage on a $10,000,000 property
OlgaM077 [116]

Answer:

Increase interest deductions for the limited partners.

Explanation:

In the given scenario the general partner refinances an existing $5,000,000 mortgage on a $10,000,000 property to the original amount of $8,000,000. The interest rate on both mortgages is the same.

Refinancing a loan means that more money is disbursed to the borrower before the termination of the loan.

When a loan is refinanced at the same interest rate the borrower pays more interest.

For example if the mortgage remains at $5,000,000 the interest paid on this principal will be lower.

When the loan is refinanced to $8,000,000 at the same Interest rate the interest paid will be higher because principal is higher.

So the general partner aims to increase the amount of interest paid.

4 0
3 years ago
High Country Apparel signed a $75,000, two-year, interest-bearing, 5% note on October 1, 20XX. The maturity value of the note is
Ket [755]

Based on the information given the maturity value of the note is: $82,500.

Using this formula

Maturity value of note=Principal amount+(Principal amount× Number of year× Interest rate)

Where:

Principal amount=$75,000

Number of year=2 year

Interest rate=5% or 0.05

Let plug in the formula

Maturity value of note=$75,000+($75,000×2 year×0.05)

Maturity value of note=$75,000+$7,500

Maturity value of note=$82,500

Inconclusion  the maturity value of the note is: $82,500.

Learn more about maturity value of note here:brainly.com/question/24374294

4 0
3 years ago
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