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
Alexxx [7]
3 years ago
13

Ryngaert Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of

5.7%. If the current market interest rate is 7.7%, at what price should the bonds sell

Business
1 answer:
REY [17]3 years ago
3 0

Answer:

The bonds sell for $825.63

Explanation:

To calculate the price of the bond, we need to first calculate the coupon payment per period. The bonds are annual bonds so the coupon payment is per year.

Coupon Payment = 1000 * 0.057  = $57

Total periods = 15

The formula to calculate the price of the bonds today is attached.

Bond Price = 57 * [( 1 - (1+0.077)^-15) / 0.077]  +  1000 / (1+0.077)^15

Bond Price = $825.63

You might be interested in
What was a major result of Henry Ford's innovative manufacturing technique?
NeTakaya
B) The sale price of cars went down.
8 0
3 years ago
Concord Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per boo
matrenka [14]

Answer:

C. $23,950

Explanation:

Given the above information, the adjusted cash book balance is computed as:

Adjusted cash balance per books = Cash opening + Collection by bank - Bank charge check printing - NSF check

= $20,200 + $4,880 - $130 - $1,000

= $23,950

Therefore, the adjusted cash balance per books on August 31 is $23,950

7 0
3 years ago
What's the difference between gross monthly income, and net monthly income? I'm filling out a loan application, and the applicat
frutty [35]
Your "gross monthly income" is the amount you make BEFORE they take out any deductions.
Your "gross monthly income" is the amount you make AFTER they take out any deductions. 
7 0
3 years ago
Ben is reviewing a chart that shows all of the employees at his company. This document includes information about who reports to
aivan3 [116]

Answer: Organization chart

Explanation:

The organization chart is a diagram that shows the relation among the employees in an organization. The organization chart is also used to show the relationship that exists between the departments in an organization or and also shows their functions.

Organization chart can be used as a management tool that is used for planning purposes, and can also be used as a personnel directory.

The purpose of an organization chart is to illustrate the chais of command and reporting relationships that exist within an organization.

8 0
3 years ago
The _____ is a financial statement that reports the revenues, expenses, and net income or loss that resulted from a firm’s opera
suter [353]

The Income Statement is a financial statement that reports the revenues, expenses, and net income or loss that resulted from a firm’s operations over an accounting period.

<u>Explanation:</u>

The Income Statement is one of the company’s center financial reports that confers their gain and loss over a remarkable time. The gain or loss is circumscribed by practicing all revenues and deducting all liabilities from both working and non-operating exercises.

The income statement is a vital element of a company’s execution reports that need to be yielded to the Securities and Exchange Commission (SEC). An income statement presents worthy insights into a company’s operations, the performance of its management, underperforming areas and its production applicable to industry rivals.

7 0
3 years ago
Other questions:
  • Use your knowledge of the different concepts related to the communication process to classify the following statement or situati
    7·1 answer
  • The liquidity premium on a us treasury debt security is normally considered to be
    13·1 answer
  • Puffer Consultants, a business consulting firm, wants to attract and keep highly ambitious employees who work hard and want to a
    14·1 answer
  • An investment adviser has adopted an external business succession plan. Who is responsible for servicing the IA's client account
    8·1 answer
  • Swifty Corporation manufactures widgets. Bowden Company has approached Swifty with a proposal to sell the company widgets at a p
    15·1 answer
  • The Investments Fund sells Class A shares with a front-end load of 6% and Class B shares with 12b-1 fees of 1% annually as well
    9·1 answer
  • Employees at Between the Rounds believe that the company is fair to all employees, regardless of their age, gender, race, ethnic
    14·1 answer
  • Red Bull is a brand of energy drink whose target market is mainly young people looking for a drink that can improve performance
    12·1 answer
  • MSK Construction Company contracted to construct a factory building for $525,000. Construction started during 20X1 and was compl
    11·1 answer
  • Which of the following items are normally classified as current liabilities for a company that has a one-year operating cycle? (
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!