1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
astraxan [27]
3 years ago
6

Suppose you structured a bond deal for Kanye West that paid him $20 million upfront, with future royalties and streaming revenue

s from his past albums going towards payments to bondholders. Each bond had a face value of $1,000 and a coupon rate of 8.4% with semi-annual coupons. If the bonds have 8 years remaining until maturity and the current yield to maturity is 10.4%, what price is each bond trading at right now? Round to the nearest cent.
Business
1 answer:
NNADVOKAT [17]3 years ago
8 0

Answer:

PV=?

FV=$1000

PMT= (0.084*1000/2)=42

N= (8*2)=16

I= 10.4/2=5.2%

Put these values in Financial calculator and compute the PV

Current price of bond= 893

Explanation:

You might be interested in
Which would be an example of sustainable development? a. Current use of fossil fuels in the U.S. b. Heap-leach extraction of gol
Setler [38]

Answer:

The correct answer is letter "D": Development of brownfields in urban areas.

Explanation:

In urban planning, sustainable development refers to continuous activities that can be performed during extended periods of time. They are the result of repeated patterns of individuals who, sometimes unconsciously, provoke more and more individuals to repeat their actions.

Under such a scenario, <em>the development of brownfields in urban areas is the result of building more department complexes in the cities because of the increasing need for renting and selling houses as a result of the increasing population growth.</em>

5 0
4 years ago
Read 2 more answers
Christopher is an unpaid, stay-at-home father who works as a volunteer at the local Habitat for Humanity chapter. Currently, Chr
zheka24 [161]

Answer:

The correct answer is option a.

Explanation:

The bureau of labor statistics calculates the data regarding the unemployment rate in the US economy. It calculates the unemployment rate as the ratio of total unemployed to the total labor force.  

Those people who are having a job or business and are working for profit or those who are currently unemployed and looking for jobs are included in the labor force. Students, retirees, and discouraged workers are not included in the labor force.  

Here, Christopher is neither working for profit nor looking for work so he will not be considered unemployed or in labor force.

4 0
3 years ago
The primary goal of managerial accounting is to provide information to A. internal decisionminusmakers. B. creditors. C. shareho
mylen [45]

Answer:

A. internal decision makers

Explanation:

Managerial accounting is a form of accounting the identification, analysis and interpretation of an entity's information for the pursuance of its set goals and objective by internal users such as Managers.

The information presented by managerial accounting is used by management in making key business decisions.

Elements of managerial accounting includes budgeting and forecasting which differs from financial accounting uses historical data and is meant majorly for external users such as creditors and shareholders.

Hence the primary goal of managerial accounting is to provide information to internal decision makers.

4 0
3 years ago
Organizations periodically have an external entity review the controls so as to uncover any potential problems in the controls.
vivado [14]

Answer: information system audit

Explanation:

The information system audit is the process through which organizations periodically have an external entity which helps in reviewing the controls in order to uncover any potential problems in the controls

In order to know how effectivene the information system controls is, the information systems audit is vital. It is required to verify the accounting records of an organization as well as the financial statements.

8 0
3 years ago
How much does a social worker make an hour?
Degger [83]
A social worker makes $21.35 a hour.
HOPE THIS HELPS YOU! ^_^
4 0
3 years ago
Other questions:
  • A bond traded at 102½ means that: Multiple Choice The bond pays 2.5% interest. The bond traded at 102.5% of its par value. The m
    13·1 answer
  • A pre-purchase inspection differs from a pre-sale inspection in that a. it's requested by the home buyer rather than the seller.
    6·1 answer
  • Suppose an owner pays $500 million to purchase a hockey team that earns operating profits of $50 million per year. The new owner
    12·1 answer
  • The law creates the foundation for ethical behavior.<br><br><br> True<br><br><br> False
    7·1 answer
  • Fred, a department manager, is attending the monthly budget planning meeting, where all the department managers report on their
    5·1 answer
  • A beverage company puts game pieces under the caps of its drinks and claims that one in six game pieces wins a prize. the offici
    10·1 answer
  • Speculators:
    7·1 answer
  • Revenue is recorded when services have been performed or products have been delivered to customers. The accounting principle sup
    10·1 answer
  • On January 2, 2013, Gant Co. purchased a franchise with a useful life of five years for $60,000 and an annual fee of 1% of franc
    8·1 answer
  • BRAINLIEST !!what are your thoughts on Sam and Bud Walton?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!