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
aksik [14]
2 years ago
14

A 15-year 3 1/4% Treasury Bond is quoted at 100-12 - 100-16. The bond pays interest on Jan 1st and Jul 1st. A customer sells 5M

of the bonds. Approximately how much will the customer receive, disregarding commissions and accrued interest?
Business
1 answer:
trasher [3.6K]2 years ago
4 0

Answer:

The multiple choices are:

$5,006.00

B $5,018.75

C $5,025.00

D $5,028.75

The correct option is B,$5018.75

Explanation:

The key to unlock this question is to know that government securities are usually quoted in 1/32 nds ,which means that in calculating the price  the number after 100 is is multiplied by 1/32.

1M means 1000,while 5M means 5000

The price of 5M=5000*(100+12*1/32)%

The price of 5M=5000*(100+0.375 )%

The price of 5M=$5018.75

In this case the bid price which is lower is used when selling securities to the dealer

You might be interested in
Mr kleaners acquired new industrial washing mavhine,the list price price of which was 52000.the supplier allowedva tade discount
Cloud [144]

Answer:

I think its $48,950.

Explanation:

you subtract 4,000 from 52,000 which is 52,000 - 4,000 = 48,000.

then you will add that extra $950 getting you a total of $48,950.

if I'm wrong I'm sorry I'm not that good at math.

7 0
3 years ago
Failure by a promissory notes maker to pay the amount due at maturity is known as_________.
Andreas93 [3]

Failure by a promissory notes maker to pay the amount due at maturity is known as Dishonoring a note.

A dishonored note is a that  promissory note which has not been paid by a debtor in a given  reasonable amount of time.  It causes the creditor to write off the recorded revenue as a  bad debt.

With the help of promissory note, a buyer  can make a short-term commitment to pay any supplier for merchandise within the stated time period and  also at a certain interest rate.

In order to properly record a dishonored note in the financial journal of the organization one must first decide whether he is  expecting to  collect payment eventually or not.

A bill is  always considered as dishonored either by non-acceptance or by non-payment of the bill.

To know more about dishonored note here:

brainly.com/question/9220878

#SPJ4

5 0
1 year ago
The probability that Mary will win a game is 0.03, so the probability that she will not win is 0.97. If Mary wins, she will be g
valkas [14]

Answer:

Expected value of X = -11.09

Explanation:

Expected profit:

= Probability of winning × Amount she wins

= 0.03 × $180  

= 5.4

Expected loss:

= Probability of loosing × Amount she paid

= 0.97 × $17

= 16.49

Let X be amount of money Mary wins or loses.

E(X) = Expected profit - Expected loss

= 5.4 - 16.49

= -11.09

Expected value of X = -11.09

That is expected value of loss of $11.09

4 0
2 years ago
Dr. weiss is a research scientist with a major pharmaceutical company. in his position he has great flexibility in determining h
chubhunter [2.5K]
<span>d. achievement-oriented
       The Path-Goal Theory states that Dr. Weiss would respond best and benefit most from an achievement-oriented leadership style. An achievement-oriented leader sets high goals for their employees and expects them to perform at their best. The employees are not told the specific ways to meet these high goals, being expected instead to use their own abilities to figure out how. An achievement-oriented leadership style is known to work for sales and especially scientific fields, such as the one that Dr. Weiss works in.</span>
6 0
3 years ago
What are the three writing guidlines to follow when writing a resume?​
11Alexandr11 [23.1K]

Answer:

Explanation:  Keep it to One Page. This is a biggie!

   Avoid Spelling or Grammar Errors.

   Watch Your Tenses.

   Avoid the First Person Pronouns.

Make Sure It's Easy to Read.

3 0
2 years ago
Read 2 more answers
Other questions:
  • On march 12, klein company sold merchandise in the amount of $7,800 to babson company, with credit terms of 2/10, n/30. the cost
    5·1 answer
  • When a job is completed in a service organization, the job costs are transferred to the?
    5·1 answer
  • Describe how price affects decisions that consumers make
    15·1 answer
  • A corn farm, a coal mine, and a fishing company are all part of the _________ industry. A. Manufacturing B. Service C. Extractiv
    14·2 answers
  • why do you think many people are in jobs that are not satisfying? do organization help people craft satisfying and motivating jo
    14·1 answer
  • Mr. Smith is a 50 year old client of Bob, who is a registered representative. Bob is trying to get Mr. Smith to purchase a non-q
    6·2 answers
  • Suppose that the U.S. government deficit​ decreases, causing interest rates in the United States to fall relative to those in th
    14·1 answer
  • When a magazine company collects cash for selling a subscription, it is an example of: Multiple Choice An accrued liability tran
    10·2 answers
  • explain what information is included in a director's report provide at least four points or examples​
    14·2 answers
  • Mr. Hopper expects to retire in 30 years, and he wishes to accumulate $1,000,000 in his retirement fund by that time. If the int
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!