If Isaac is looking for a business angel, the best chance
that he may be able to find one and to know where to look is by having to
contact people that are involved with business associates, lawyers and even
accountants.
The convexity of the bond is 61.810 and the duration of the bond is 7.330 years.
<u>Explanation</u>:
- A newly issued bond has a maturity of 10 years. It pays a 7.7% coupon rate. The coupon payments will receive each year. Using the coupon payments the year will be reduced.
- The maturity year will get reduced. So the duration of the bond is approximately 7.330 years. If the bond is sold at par value the convexity can be calculated using the number of years.
- So the convexity of the bond is 61.810.
I know the answer is but b and d because they have the key words savings and with credit you pay lower to so the answer should be A
Answer:
money deposited after end of 3rd year is $4877.75
Explanation:
given data
initial amount = $10000
rate = 5%
time = 3 year
after 7 year account balance = $20000
solution
we consider here money deposited after end of 3rd year is = x
first we get here compounded amount after 3 years as
compounded amount = initial amount ×
................1
compounded amount = 10000 ×
compounded amount = $11576.25
so at 7 year account balance is
account balance = ( compounded amount + x ) ×
....................2
$20000 = ( $11576.25 + x ) ×
solve it we get
x = $4877.75
so money deposited after end of 3rd year is $4877.75
Answer:
Explanation:
c. Determine the amount of prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter.
The answer is 5400 because "at the end of the 4th quarter is only consists of 3 months (oct-dec). By taking the total amount you paid for all 6 months minus what you have to pay for 3 months.