Answer:
3.66%
Explanation:
The yield to maturity can be computed using Excel rate function below:
=rate(nper,pmt,-pv,fv)
nper is the number of semiannual coupons in 9 years i.e 9*2=18
pmt is the amount of semiannual coupon =$1000*4.8%*6/12=24
pv is the current price which is $1087.43
face value is $1000
=rate(18,24,-1087.43,1000)
rate=1.83%
(semiannual yield)
annual yield=1.83%*2
annual yield=3.66%
Answer:
Explanation:
The First Amendment states that “Congress shall not make law . . . Truncating the freedom of speech.” While it states “Congress,” the protections are also against state government and local public officials from making any law that truncates a person’s freedom of speech. However, just because the government cannot make a law of such does not mean that individuals are free to say anything that they want to.
Answer:
Clarkston Motorsports
Income statement Year ended November 30,2016
$ $
Net Sales Revenue 863,000
Cost of Goods Sold (510,000
)
Gross Profit 353,000
Selling Expenses
Selling expenses 125,000
Administrative Expenses
General expenses 134,000
Income Tax Expense 70,000
Income From Continuing Expense (329,000)
Net Income 24,000
Earnings Per Share (Continuing Operations) $1.14
Earnings Per Share (Discontinued Operations) $0.10
Explanation:
Continuing Operations
<em>Earnings Per Share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding</em>
= $ 24,000 ÷ 21,000
= $1.14
Discontinued Operations
<em>Earnings Per Share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding</em>
= $ 2,000 ÷ 21,000
= $0.10
Problem could be as simple as a wire not being plugged in, but usually when you restart your computer it fixes most things i can't answer this one for sure sorry