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
Phantasy [73]
3 years ago
7

XZYY, Inc. currently has an issue of bonds outstanding that will mature in 31 years. The bonds have a face value of $1,000 and a

stated annual coupon rate of 8.0% with annual coupon payments. The bond is currently selling for $1,084. The bonds may be called in 3 years for 108.0% of the par value. What is your expected quoted annual rate of return if you buy the bonds and hold them until maturity?
Business
1 answer:
Mamont248 [21]3 years ago
3 0

Answer:

7.31%

Explanation:

The question is pointing at the bond's yield to maturity.

The yield to maturity can be computed using the rate formula in excel as provided below:

=rate(nper,pmt,-pv,fv)

nper is the number of times the bond would pay annual coupons which is 31

pmt is the annual coupon payment i.e $1000*8.0%=$80.00

pv is the current price of the bond which is $1,084

fv is the face value of the bond which is $1,000

=rate(31,80,-1084,1000)=7.31%

The yield to maturity is 7.31%

That is the annual rate of return for an investor that holds the bond till maturity.

You might be interested in
Read the scenario. Brad has a steady job, earns a solid income, and plans to live in a nearby city for the long term. He is look
Bogdan [553]
Buying both a car and a home.
8 0
3 years ago
Read 2 more answers
50 POINTS
Dmitry_Shevchenko [17]
Nothing will change. Upper management must enthusiastically pursue the plan and create a culture for employees to follow
4 0
3 years ago
The actual cost of direct materials is $10.50 per pound. The standard cost per pound is $11.75. 42) During the current period 10
emmainna [20.7K]

Answer:

Direct materials efficiency variance =  1175 unfavorable

so correct option is C) $1,175 unfavorable

Explanation:

given data

actual cost = $10.50 per pound

standard cost per pound =  $11.75

current period  = 10,000 pounds

purchased = 11,500 pounds

actual units produced = 9,900 pounds

to find out

direct materials efficiency variance

solution

we get here Direct materials efficiency variance that is express as

Direct materials efficiency variance = Standard rate × ( Standard quantity - Actual quantity )     ..................1

put here value in equation 1 and  we get

Direct materials efficiency variance =  11.75 × ( 10000 - 9900 )

Direct materials efficiency variance = 11.75 × 100

Direct materials efficiency variance =  1175 unfavorable

so correct option is C) $1,175 unfavorable

3 0
3 years ago
A company is analyzing whether its employees prefer to skip their lunch break and leave a half-hour early each day or take a lun
spayn [35]

The results are inconclusive; Therefore a generalization cannot be made regarding which option is selected more often.

What is generalization and why is it important?

The ability to carry out a task, engage in an activity, or exhibit behavior in many contexts, with various people, and at various times is known as generalization. We have "generalized" the necessary skills, which explains why we can carry out routine tasks in a range of contexts and settings.

How can generalization be improved?

Using a network that is just big enough to achieve a good fit is one way to enhance network generalization. The ability of a network to perform more complicated functions increases with network size. The network won't have the strength to overfit the data if it is tiny enough.

Learn more about network size: brainly.com/question/1825455

#SPJ4

6 0
1 year ago
A general rule of thumb is to keep your credit utilization rate at 30% or lower. What is your approximate credit utilization rat
Leto [7]

Answer:

90%

Explanation:

7 0
3 years ago
Other questions:
  • A person is arrested for stealing company documents and says, "yes, i did steal the documents, and i am willing to go to jail fo
    9·1 answer
  • Sensitive data on a gfe mobile device does not need to be encrypted.
    5·1 answer
  • True or false
    9·1 answer
  • • Explain the process of copying and pasting from one picture to another one.
    14·2 answers
  • Once Starbucks had established its presence in thousands of cities internationally, the company sought to increase the number of
    7·1 answer
  • Martinez Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $166,900 to $19
    5·1 answer
  • Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. A
    12·1 answer
  • The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. If Burkett Corporation is a
    5·1 answer
  • A line cook at a restaurant was inspired to become a chef, but he lacked the necessary training. The line cook asked the chef at
    7·1 answer
  • Which sector dominates developed economies such as the United States? In developed economies such as the United States, the sect
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!