Answer:
Ans. 16 years to maturity
Explanation:
Hi, first we need to establish the amount of money of the coupons, in our case, 7% semi-annual, that means that we have to do use the following formula:
Now, in order to find the yield to maturity in semi-annual terms, we have to do the following.
Then we have to use the "find goal" function of MS Excel in order to solve the following equation, which must be equal to $1,023.46
As you can see, solve this is not easy or practical therefore we have to use the "find goal" function" of MS Excel. Please see the file attached to this answer for more details in the formula. Below, please find how I propose to organize the information and the answer.}
Face Value $1.000
<u>Price $1.023,46 </u>
Coupon(annual) 7%
Coupon (semi-annual) 0,035 $35
YTM(Years) 6,72%
YTM(Semester) 3,3054%
<em>years to maturity 15,62771676 = 16
</em>
PV Coupons $400,83
PV Final PMT $622,63
<u>Price Given (n) $1.023,46 </u>
<u />
Best of luck.
Answer: strong matrix
Explanation:
The strong matrix is a structure that would be most appropriate for developing a new, highly innovative product that has strict time constraints
In a strong matrix, it should be noted that the project manager has a wider control and also, the functional departments simply act as the subordinate with regards to the project.