During January, its first month of operations, Flint Company accumulated the following manufacturing costs: raw materials purcha
sed $4,400 on account, factory labor $6,200, and utilities payable $2,100. In January, requisitions of raw materials for production are as follows: Job 1 $950, Job 2 $1,300, Job 3 $800, and general factory use $610. Record raw materials used. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).
1 answer:
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Answer:
-11.8%
Explanation:
the key to answer this question is to remember that valuation of a bond depends basically of calculating the present value of a series of cash flows, so let´s think about a bond as if you were a lender so you will get interest by the money you lend (coupon) and at the end of n years you will get back the money you lend at the beginnin (principal), so applying math we have the bond value given by:
so in this particular case that one year later there are 29 years to maturity so we have:
so as we have a higher rate the investment has the next return: