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
Serjik [45]
3 years ago
15

A 13-year, 6 percent coupon bond pays interest semiannually. The bond has a face value of $1,000. What is the percentage change

in the price of this bond if the market yield to maturity rises to 5.7 percent from the current rate of 5.5 percent
Business
1 answer:
vodka [1.7K]3 years ago
6 0

Answer:

Possible options:

A) 1.79 percent decrease

B) 1.79 percent increase

C) 1.6 percent decrease

D) 1.97 percent increase

E) 1 percent decrease

Answer is A

Explanation:

N = 13X2=26

I/Y = 5.7/2

PV =-1027.28

PMT = 30

FV = 1000change

I/Y to 5.5/2

10463

change between 1046.0056 to 1027.25

1- F/I (decrease)

or I-F/I

(1046.0056/1027.25) / 1046.0056

You might be interested in
Henry must make set premium payments on his insurance policy until he dies, and if he cancels the policy he will receive the cas
lubasha [3.4K]
<span>Henry must make set premium payments on his insurance policy until he dies, and if he cancels the policy he will receive the cash value. His plan is a whole life policy.</span>
5 0
3 years ago
At age 50, Charles began receiving payments under a distribution method that provides for substantially equal payments over his
shusha [124]

Answer:

correct answer is 4) $169,000.00

Explanation:

given data

received distributions totaling =  $14,000

remaining benefits lump-sum = $155,000

solution

we know that substantial payment by as distribution method not subjected to the early distribution penalty

but lum sum amount distribution before age 59.5 is subject to 10% penalty

so here we can say till 59.5 year annuity payment not changed

so amount subject to the penalty is = $14000 + $155000

amount subject to the penalty is = $169000

so correct answer is 4) $169,000.00

4 0
3 years ago
Mountaineer Excavation operates in a low-lying area that is subject to heavy rains and flooding. Because of this, Mountaineer pu
vitfil [10]

Answer:

The Journal entries are as follows:

(i) On March 1,

Prepaid insurance A/c Dr. $24,600

        To cash A/c                              $24,600

(To record the purchase of insurance in advance)

(ii) On December 31,

Insurance expense A/c Dr. $20,500

             To Prepaid insurance           $20,500

(To record the insurance expense)

Workings:

Insurance expense:

= $2,050 × 10 months (From March 1 to December 31)

= $20,500

4 0
3 years ago
The purpose of a program is to provide listeners with
Vika [28.1K]
<span>The correct answer is letter D. an overview of the dramatic structure of the work. The purpose of a program is to provide listeners with an overview of the dramatic structure of the work.</span>
8 0
3 years ago
When opening your Roth IRA investing account , your financial advisor gives you two options.
Charra [1.4K]

Answer: Option 2

Explanation:

3 0
3 years ago
Other questions:
  • Bric Autos Inc., a Campora-based automobile company, made a capital investment of $300,000 to set up production units and distri
    7·1 answer
  • Step 2: What factor is used<br>miles per minute?​
    7·1 answer
  • ​Miguel, a manager for Sierra​ Company, is inspecting the reports provided by his​ company's accounting department. He wants to
    9·1 answer
  • Retail Music, Inc., offers to buy from Super Products Corporation (SPC) 1,000 blank CDs of a certain brand. Without notifying Re
    14·1 answer
  • Why would an American company downplay its American origin while operating in another country?
    13·1 answer
  • The total payroll of Concord Company for the month of October, 2017 was $1020000, of which $185000 represented amounts paid in e
    7·1 answer
  • Why does the law of increasing opportunity cost occur?
    13·1 answer
  • g A monopoly is a market that has Group of answer choices Only one buyer. Only one seller. Many sellers who sell differentiated
    8·1 answer
  • the inflation and unemployment data for the 1970s suggest that the aggregate-supply shocks of that period caused the:
    8·1 answer
  • if variable cost increases by $1/unit, advertising cost increases by $1,500, and units sales increase by 250, what would be the
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!