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jasenka [17]
3 years ago
11

"A customer buys a $1,000 par 4 ½% Treasury Bond, maturing July 1, 2042, at 102-8 on Thursday, February 6th in a regular way tra

de. The bond pays interest on January 1st and July 1st. How many days of accrued interest are due?"
Business
1 answer:
Andrei [34K]3 years ago
3 0

Answer:

37 days

Explanation:

Given the following :

Date of purchase = 6th of February

Bond interest is paid on January 1st and July 1st.

Since, the treasury bond was purchased on the 6th of February, the the accrued or accumulated interest will be calculated from January 1st till the purchase date (6th of February).

(Number of days in January) + 6 days in February

Number of days in January = 31

Days of accrued interest = (31 + 6) = 37

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Svetlanka [38]

Answer:

D. Developer coding standards

Explanation:

A good developer or software development organization maintains a well defined and standard style of coding known as Coding Standards.

It is very important for programmers to maintain coding standards. The importance/purpose of this coding standards are;

Coding standard improves readability and maintainability of code and reduce complexity.

Coding standards also gives uniform appearance to the different codes by different engineers. it helps in the reuse of code and easy detection of error.

Futhermore, it enhances sound programming practices and increase the efficiency of programmers.

Examples of coding standards include; Standard headers for different modules for better understanding, Limited use of globals, Naming conventions for differents variables, global variables as well as constant and functions, Identation and Error return values/ exception handling conventions etc are some of the coding standards.

5 0
3 years ago
On June 1 of the current year, Jack and Angie purchased a rental beach house for $900,000 and rented it right away. Of that amou
nalin [4]

Answer:

a. $5,910

Explanation:

The computation of the deduction amount for depreciation is shown below:

= (Rental beach house - the amount of the land value) × depreciation rate

= ($900,000 - $600,000) × 1.97%

= $300,000 × 1.97%

= $5,910

Refer to the depreciation table and we assume the year would be 1 and the recovery period is 19 years is 1.97%

7 0
3 years ago
1. Albacore Corporation purchased a new machine costing $27,600 on January 1, 2017. The machine is expected to have a $1,800 sal
docker41 [41]

Answer:

Annual depreciation= $4,300

Explanation:

Giving the following information:

Purchasing price= $27,600

Salvage value= $1,800

Useful life= 6 years

To calculate the depreciation expense using the straight-line method, we need the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (27,600 - 1,800) / 6= $4,300

7 0
3 years ago
Business Question! Just the first problem please, thank you
vovikov84 [41]

Answer:

  1. 34 coupons.
  2. $33.75

Explanation:

The coupons are the interest payments the bond makes.

1. The bond has a term of 17 years and coupons are to be paid semi-annually.

This means that for every year, 2 coupon payments will be made.

In 17 years therefore:

= 17 * 2

= 34 coupons

2. The interest on this bond is 6.75% in a year. The coupon is however, semi-annual. Payment per coupon will therefore be half of the yearly rate:

= 6.75% * 1,000 * 1/2

= $33.75

8 0
3 years ago
Read 2 more answers
Typically, you will receive a very low interest rate on money you deposit in a bank. Interest rates on car loans and business lo
Pavlova-9 [17]

Answer: A bank complies with the necessary permits to manage the resources of its clients.

Explanation: Banks must have a minimum level of liquidity to answer for the money they keep and for that security is that the rates paid are lower. As for a vehicle loan or corporate loans, they maintain the necessary terms and conditions so that the client can pay the fair interest and the documents are formal compared to the companies that grant loans without backing.

8 0
3 years ago
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