Answer:
The bond price is $1024.74.
Explanation:
Given,
time, t= 8 year
Maturity value, F = $1,000
interest rate, r = 6.1%
Coupon, C = $65
Bond's price = ![C [ \dfrac{(1-[1+r]^{-t} )}{r} ] + \dfrac{F}{[1+r]^t}](https://tex.z-dn.net/?f=C%20%5B%20%5Cdfrac%7B%281-%5B1%2Br%5D%5E%7B-t%7D%20%29%7D%7Br%7D%20%5D%20%2B%20%5Cdfrac%7BF%7D%7B%5B1%2Br%5D%5Et%7D)
= ![65 [ \dfrac{(1-[1+0.061]^{-8})}{0.061}] +\dfrac{1000}{[1+0.061]^8}](https://tex.z-dn.net/?f=65%20%5B%20%5Cdfrac%7B%281-%5B1%2B0.061%5D%5E%7B-8%7D%29%7D%7B0.061%7D%5D%20%2B%5Cdfrac%7B1000%7D%7B%5B1%2B0.061%5D%5E8%7D)
= ![65 [\dfrac{ (1- \dfrac{1}{1.6059})}{0.061}] + \dfrac{1000}{1.6059}](https://tex.z-dn.net/?f=65%20%5B%5Cdfrac%7B%20%281-%20%5Cdfrac%7B1%7D%7B1.6059%7D%29%7D%7B0.061%7D%5D%20%2B%20%5Cdfrac%7B1000%7D%7B1.6059%7D)
= ![65 [ \dfrac{(1 - 0.6227)}{0.061}] +\dfrac{1000}{1.6059}](https://tex.z-dn.net/?f=65%20%5B%20%5Cdfrac%7B%281%20-%200.6227%29%7D%7B0.061%7D%5D%20%2B%5Cdfrac%7B1000%7D%7B1.6059%7D)
=![65\times [ 6.1852] + 622.70](https://tex.z-dn.net/?f=%2065%5Ctimes%20%5B%206.1852%5D%20%2B%20622.70)
=$1024.74.
Hence, the bond price is $1024.74.
Answer:
Answer for the question is given in the attachment
Explanation:
Answer:
c
Explanation:
Banks are other lending entity's has access to a customer borrowing history. Through credit rating agencies, a bank can know whether a customer has a bad history in making loan repayments.
When a customer takes up a loan, banks share that information with a credit rating agency. The agency updated its records with the customer's national identity, such as the social security number. The banks keep on updating agencies on how each customer is meeting their obligation. Credit card payments are considered as loans.
Credit agencies rates each customer creditworthiness by assessing how they been repaying their debts. A higher credit score means the customer repays his loans promptly without missing installments. The information of each customer is available to all banks and lenders upon request.
Answer:
b. $233,100 tax expense
Explanation:
The computation of the current income tax expense or benefit is shown below:
But before that first we have to need to find out the taxable income i.e
= Pretak book income + increase in net reserve warranties + exceeded amount - dividend deduction
= $1,000,000 + $25,000 + $100,000 - $15,000
= $1,110,000
Now to find out the current income tax expense since the tax rate is not given so we assume the marginal tax rate i.e 21%
So,
= $1,110,000 ×21%
= $233,100
By multiplying the taxable income with the tax rate we can get the income tax expense
Answer:
There are five methods of storing vegetables and fruit: drying, canning, curing and salting, freezing and common storage. Which method is chosen depends upon the type of produce, the quality desired and the facilities available for storage. ... Avoid damaged, cut, bruised and pest or disease infested produce.
Explanation:
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