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stepan [7]
4 years ago
7

Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.2 percent. The bond sells for $

945.32 and matures in 16 years. The par value is $1,000. What is the YTM of the bond

Business
1 answer:
marin [14]4 years ago
6 0

Answer:

The correct answer is 5.72%.

Explanation:

According to the scenario, the given data are as follows:

Coupon rate = 5.2%

Coupon rate (semiannual) = 2.6%

par value (FV)= $1,000

Coupon payment(pmt) = $1,000 × 2.6% = $26

Time period = 16 years

Time period ( semi annual) (Nper)= 32

Sell value ( PV) = $945.32

So, we can calculate the rate by using financial calculator.

Attachment is attached below

So, YTM Semiannual= 0.02863 or 2.86%

And YTM annual = 2.86% × 2 = 5.72%

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Companies that practice marketing by ________ create offerings and messages that engage consumers rather than interrupt them. Gr
KiRa [710]

Answer: Attraction

Explanation:

Companies that engage in marketing by attraction, carryout marketing of a product in such a way that the product they are trying to sell attracts the attention of the consumers. In marketing by attraction the marketers tries to draw the consumer to the product by engaging them, which is achieved by gaining the consumers attention.

7 0
3 years ago
Suppose the European Central Bank (ECB) decides to use monetary policy to offset the possible inflationary effects of European e
Grace [21]

Answer:

the European Central Bank (ECB) should engage in a contractionary monetary policy

Explanation:

A contractionary monetary policy takes place when a central bank (or the Fed) reduces the money supply in order to cool down the economy, lower inflation rate or like in this case, wants to offset expansionary fiscal policy.

The central bank initially raises the interest rates and starts selling more securities in order to absorb cash from the markets.

7 0
3 years ago
The demand for a product is unit elastic. At a price of $20, 10 units of a product are sold. If the price is increased to $40, t
Gekata [30.6K]

It should be noted that when demand for a product is unit elastic and one would expect sales to equal: 5 units.

<h3>What is elastic demand?</h3>

An elastic demand can be regarded as the demand whereby change in quantity demanded due to a change in price is large.

An inelastic demand entails change in quantity demanded due to a change in price is small.

Learn more about elastic demand at;

brainly.com/question/24384825

5 0
2 years ago
The following transactions were selected from the records of OceanView Company:
Bezzdna [24]

Answer:

$19,380

Explanation:

The computation of the net sales for the two months is shown below:

= Sale value of merchandise as on July 12 + Sale value of merchandise  as on June 15 +  Sale value of merchandise  as on July 20 - sales discounts from July 15 sale

= $3,500 + $10,500 + $5,800 - $10,500 × 4%

= $3,500 + $10,500 + $5,800 - $420

= $19,380

Since the payment is collected on June 23 i.e within 10 days so it is eligible for sales discounts

And from July 20 sale no sales discounts is eligible as it is exceeded than 10 days  

3 0
3 years ago
what ammendment isthisSixteen-year old Ryan is the captain of the football team. Before the Friday night game, he and his teamma
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The fourth amendment constitutes this.
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3 years ago
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