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
tigry1 [53]
4 years ago
6

Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 3 1/4% coupon rate, 10 year maturity that is

currently selling for $940. If Barry purchases this bond, what would his approximate yield to maturity be?
Business
1 answer:
Sav [38]4 years ago
4 0

Answer:

Yield to Maturity = 3.97%

Explanation:

<em>The yield to maturity is the discount rate that equates the price of the bond to the present value of its future cash flow receivable from it.</em>

The yield on the bond can be determined as follows using the formula below:  

YM = C + F-P/n) ÷ 1/2 (F+P)  

YM-Yield to maturity-  

C- annual coupon  

F- Face Value  

P- Current Price  

DATA  

Coupon = coupon rate × Nominal value = 1,000 × 3 1/4%=  32.5

Face Value = 1000

YM-?, C- 32.5, Face Value - 1,000, P-940  

YM = (32.5+ (1000-940)/10) ÷ ( 1/2× (1000 + 940) )  

YM = 0.0397 × 100 =  3.97%

Yield to Maturity = 3.97%

You might be interested in
Round 8.35 to the nearest whole number
Lelechka [254]
8.35=8
Any decimal point below 5 is rounded down; above 5 is rounded up
Ex: 10.6=11
Hope this helps!
5 0
4 years ago
Read 2 more answers
Maya, who lives in California, just purchased her first home at a Trustee’s foreclosure sale. She was given a deed at the sale.
nevsk [136]

Answer:  Trustee's Deed

                             

Explanation: A trust deed in immovable property in the Americas refers to a legal instrument used to develop a significant stake in the immovable property under which legal title in capital assets is diverted to a trustee holding that as security for such a loan between a creditor and perhaps a lender.

From the perspective of the investor, a document of trust has a vital benefit as compared to a mortgage. If a borrower fails to pay on the loan, on part of the lender, the trustee has the right to repossess the land. Thus, from the above we can conclude that Maya would have been given a trustee's deed.

7 0
3 years ago
The labor force consists of:
Inga [223]

Answer:

The answer is D.

Explanation:

Labor force is the number of people or citizens who are within the workforce age that employed and those that are unemployed but are willing and able to work(i.e they are actively searching).

Labor force = employed citizens plus unemployed citizens

Option A and B are wrong because some adults(citizens) are not working and they are not willing to work.

The most important thing here is to show willingness to work and also has the ability to work

8 0
3 years ago
What is a standard is a
Kobotan [32]

Answer:

is the pattern that follows any of the variables that determine the benefit of an economic activity

a standard is the reference level of some factor of production

7 0
3 years ago
When a finalist does not get a job offer, they are likely to perceive ________.
Fudgin [204]

Answer:

b. low distributive fairness

Explanation:

Staffing is simply ways or means of acquirement, deployment, and retainant of a workforce of sufficient quantity and quality so as to give or bring about (create) positive impacts on the organization's/firm effectiveness. There are Three types of justice. They are: Distributive, procedural, and interactional. Distributive justice is based on perceived fairness of decision-making outcomes.

Distributive fairness is the perceived fairness of the hiring or promotion outcome.. when distributive justice is low, it means that there is a lack of fairness that people are getting rewarded what they should.

8 0
3 years ago
Other questions:
  • Milton Friedman argues that businesses:
    8·1 answer
  • Which one of the following is NOT one of the arguments against social responsibility as used by economist Milton Friedman?
    13·1 answer
  • Please i need your help guys!
    11·1 answer
  • According to Say's law, in a money economy a reduction in consumption spending causes a __________ shift of the saving curve and
    9·1 answer
  • One point on a market supply curve represents $4 and 100 units quantity supplied. If there are three suppliers, and at a price o
    14·1 answer
  • The budget for making the movie The Twilight Saga: New Moon was one-fifth the budget for making Harry Potter: The Half Blood Pri
    7·1 answer
  • Asset cost $35,000Prepaid Insurance $5,000Maintenance costs $3,000Accumulated Depreciation $10,000Book Value $________Based on t
    7·1 answer
  • THE INS AND OUTS OF SALES FORECASTING
    5·1 answer
  • Kenseth Corp. has the following beginning-of-the-year present values for its projected benefit obligation and market-related val
    12·1 answer
  • Software that is developed and customized to meet the needs of companies within a specific industry is ______ software.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!