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
IceJOKER [234]
3 years ago
15

Bourdon software has 10.6 percent coupon bonds on the market with 17 years to maturity. the bonds make semiannual payments and c

urrently sell for 108.1 percent of par. what is the current yield on the bonds?
Business
1 answer:
Nimfa-mama [501]3 years ago
8 0

The Current yield on the bonds are calculated as :

Current yield = Annual coupon payments/ Current price

Here, we assume the face value of the bond to be $1000

Annual coupon payments are 10.6% of the face value or 0.106*1000 = 106

Current price = 108.1% of the face value = 1.081* 1000 = 1081

Current Yield = 106/1081

Current Yield = 0.098057 = 9.8057%

Current Yield = 9.81% (Rounded to two decimals)

You might be interested in
Question 7. The corporate charter of Gagne Corporation allows the issuance of a maximum of 100,000 shares of common stock. Durin
ANTONII [103]

Answer:

Share Authorized = 100,000 Shares  

Share issued = 70,000

Share outstanding = 66,000 shares

Explanation:

Data provided in the question:

Number of shares Gagne Corporation allows the issuance = 100,000 shares

Number of shares Gagne sold to shareholders =  70,000

Number of shares reacquired by Gagne = 4,000

Now,

Share Authorized = Number of shares Gagne Corporation allows the issuance

= 100,000 Shares  

Share issued = Number of shares Gagne sold to shareholders

= 70,000

Share outstanding = Shares issued - Number of shares reacquired

= 70,000 - 4,000

= 66,000 shares

6 0
3 years ago
Relish Corp is a famous fast food chain in the United States. However, increasing competition affects the company's market. Nich
densk [106]

Answer:

C) participative leadership style

Explanation:

Based on the information provided within the question it can be said that according to path-goal theory, Nicholas Cain exhibits a participative leadership style. This is a leadership style that emphasizes participation from all employees in a company in order to make decisions. Such is the case in this scenario as Relish Corp has made a forum where the employees can voice their opinion and ideas and the decisions are made based on these inputs.

8 0
3 years ago
Ned is a head of household with a dependent son, Todd, who is a full-time student. This year Ned made the following expenditures
UNO [17]

Answer: D. $600 included in Ned's medical expenses

Explanation:

The amount that Ned can include in his itemized deductions will be the $600 that's included in Ned's medical expenses.

It should be noted that the medical expenses will be under the itemized deductions. On the other hand, the other options will be under the miscellaneous itemized deductions. Therefore, the correct option is D.

5 0
3 years ago
Which idea is inconsistent with perfect competition?.
kupik [55]

The idea that is not consistent with perfect competition is product differentiation.

<h3>What is a perfect competition?</h3>

A perfect competition is a market where there are many buyers and sellers of identical goods and services. Market prices are set by the forces of demand and supply.  This, they are price takers. There are no barriers to entry or exit of firms into the industry.

Here are the opti0ns to this question:

product differentiation

freedom of entry or exit for firms

a large number of buyers and sellers

price-taking behavior

To learn more about perfect competition, please check: brainly.com/question/17110476s

7 0
2 years ago
Bob and April own a house at the beach. The house was rented to unrelated parties for eight weeks during the year. April and the
Ivahew [28]

Answer: The answer is provided below

Explanation:

Gross rental income = 4,000

Less: mortgage interest = (3500)

Less: Allocated Expense = (2000)

= 4000 - 5500

Net loss = (1500)

Since the house has been used for more than 10 days by April and Bob, the rental expense will be limited to the gross rental income that are in excess of deductions for the interest and taxes that are allocated to the rental use.

Therefore, option C is correct

2. Amount of only 10000 should be included in gross total income as the punitive damage recived.

Therefore, option B is correct.

4 0
3 years ago
Other questions:
  • Xavi develops a cell phone battery that can be charged by a solar panel and can run efficiently for up to three hours. His frien
    15·1 answer
  • Which element could help a blog become more engaging?
    14·1 answer
  • During 2018, Montoya (age 15) received $2,200 from a corporate bond. He also received $600 from a savings account established fo
    5·1 answer
  • EA1.
    11·1 answer
  • Accounting for manufacturing overhead. Creative Woodworking uses normal costing and allocates manufacturing overhead to jobs bas
    13·1 answer
  • An import quota or tariff on French wine that raises the prices for wine will probably: Select one: a. hurt domestic wine drinke
    6·1 answer
  • How do public relations and advertising differ?
    6·1 answer
  • Venture Philanthropy Partners focuses on helping youth and children from low-income families in the Washington, D.C., area. What
    11·1 answer
  • In the theory of perfect competition, the assumption of easy entry into and exit from the market implies:_____.
    7·1 answer
  • Padco averages $15 million worth of inventory in all of its worldwide locations. they operate 51 weeks a year and each week aver
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!