Answer: 12%
Explanation:
A coupon payment on a bond is simply the annual interest payment which the bondholder will get from the bond's issue date till the bond matures. It should be noted that coupons are described in their coupon rate, and this is calculated when one adds the sum of the coupons that are paid per year and then divide it by the face value to f the bond.
Im this case, we are told that Kaiser Industries has bonds on the market making annual payments, with 14 years to maturity, and selling for $1,382.01 and that at this price, the bonds yield 7.5 percent.
Using Excel, the coupon payment will be $120. The coupon rate will now be:
= Coupon payment/Face value
= 120/1000
= 0.12
= 12%
Therefore, the coupon rate is 12%
The rate of interest charged to Glenda would be 5.18% upon the payment of her car in five annual installments.
<h3>What is a rate of interest?</h3>
The percentage of interest charged over the principal amount of loan or advances for a particular period of time, is known as the rate of interest of such loan.
The computation of rate of interest using the formula and given information will be,
Hence, the computation of the rate of interest is as aforementioned.
Learn more about rate of interest here:
brainly.com/question/13324776
#SPJ1
I think the FIRST answer is North because then it goes to the MidWest.
Answer: Debit to supplies $300; Debit to Accounts Receivable $200; Credit to cash or accounts payable $500
Explanation: Supplies are inventories of an organisation. Tgey are components of current assets and have a debit balance.
When supplies are purchased, current assets are to be debited to increase the asset.
Depending on the means of purchase either cash or on credit. The credit entry will be passed according. If cash was paid for the supplies, cash is a current asset hence it is credited with the actual amount paid for the supplies inorder to reduce it.
However, if the supplies were bought on credit, accounts payables will be credited. Accounts payables is a liability account that has a credit balance. As such, to increase your liability, you credit it.
