Answer:
Results are below.
Explanation:
Giving the following information:
Cupon rate= 0.0544/2= 0.0272
YTM= 0.0491/2= 0.02455
The par value is $1,000
<u>We weren't provided with the number of years of the bond. I imagine for 9 years.</u>
<u>To calculate the bond price, we need to use the following formula:</u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 27.2*{[1 - (1.02455^-18)] /0.02455} + [1,000*(1.02455^18)]
Bond Price= 391.93 + 646.25
Bond Price= $1,038.18
Answer:
c. there is no requirement
Answer:
A MS Excel file is attached for the Journal general , please find it.
Explanation:
Entries to be Journalized
Date Account DR. Cr.
March 24 Cash $26,000
Owner's Capital $26,000
September 8 Cash $6,500
Account receivable $6,500
Answer:
Increasing Canadian GDP:
-Toyota, a Japanese company, manufactures cars in Toronto, Ontario.
-ATI Technologies, a Canadian company, operates in Alberta.
Increasing American GDP:
-Toyota, a Japanese company, manufactures cars in San Antonio, Texas.
-Starbucks, a U.S. company, opens stores in New York state.
-Tim Horton's, a Canadian company, opens coffee shops in New England.
Explanation:
Gross domestic product (GDP) is the sum of all final goods and services produced in an economic space for a certain period, usually one year, excluding the intermediate consumption used in production. Until the 1980's, the use of Gross National Product (GNP) was preferred, a measure almost identical to GDP but incorporating goods and services produced by external factors. The variation in this macroeconomic magnitude is often used to measure economic growth.
Answer:
They must deposit $5,113,636.36.
Explanation:
Giving the following information:
Cash flow= $225,000
Interest rate= 4.4 percent
To determine the amount to be deposited today, we need to use the perpetual annuity formula:
PV= Cf/i
Cf= cash flow
PV= 225,000/0.044
PV= $5,113,636.36
They must deposit $5,113,636.36.