Ask question

Ask question

All categories

3 years ago

14

Morin company's bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payment of $65. the mark

et requires an interest rate of 8.2% on these bonds. what is the bond's price?

1 answer:

scZoUnD [109]3 years ago

7 0

<span>what is the bond's price?
</span>it is $903.04

You might be interested in

The Goliath Inc. decides to pay the following dividends over the next three years: $2, $2.6, and $3.38. Thereafter, the company

pochemuha

Answer:

The solution and complete explanation for the above question and mentioned conditions is given below in the attached document.i hope my explanation will help you in understanding this particular question.

Explanation:

7 0

3 years ago

Read 2 more answers

A stadium sold 4000 tickets at 75$/ticket, 5350 tickets at 62$/ticket and, 7542 tickets at 49$/ticket. What was the total ticket

bixtya [17]

Answer:

4000x70=280000

5350x62=331700

7542x49=369558

add that all up to get $981258

Hope this helps!

6 0

3 years ago

Choose the only point on the graph that shows the equilibrium wage

a_sh-v [17]

We would need to see the graph, but the equilibrium point is where the wage paid is equal to the supply of workers. On a graph, this would be the point where the two lines intersect. That is the point where the supply of people willing to do the job at a certain rate, meets the company's demand for workers and the rate they are willing to pay.

4 0

3 years ago

The profit, P, in dollars for manufacturing n units of a certain product is given by the formula P = 3n2 - 90n - 720. (Assume th

sesenic [268]

Answer:

$n=40$

Explanation:

We want to know the value of $n$ when $P=480$

$P=3n^2-90n-720\\480=3n^2-90n-720\\3n^2-90n-720-480=0\\3n^2-90n-1200=0\\3(n^2-30n-400)=0\\n^2-30n-400=0$

From here, we can find the factors of the quadratic equation, we need two numbers that multiplied give -400 and added -30. Since they are factors of 400, we can choose -20x20 or -40x10. When adding -20 and 20 the result is zero, but the sum of -40 and 10 is -30. Then:

$n^2-30n-400=0\\(n-40)(n+10)=0\\$

The solutions of the quadratic equation are $n-40=0$ and $n+10=0$ :

$n_1=40\\n_2=-10$

Since $n$ is a positive integer:

$n=40$

5 0

3 years ago

True or False: The parts of the cells called, cellular respiration, glucose and oxygen combine to make carbon dioxide and water

Cloud [144]

Answer:

Ture

Explanation:

3 0

3 years ago

Read 2 more answers