Whenever Josh goes to his favorite restaurant, he wants to buy tiramisu, his favorite dessert. Despite the fact that he would en
1 answer:
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Answer:
1.93%
Explanation:
The time weighted rate of return will be computed by combining the return at every time period demarcated by a withdrawal/addition.
<em>Time 1: Jan 1, 2016 to Sep 30, 2016</em>
start value = 100,000; end value = (105,000+5,000) = 110,000
Return =
<em>Time 2: Sep 30, 2016 to Sep 30, 2017</em>
start value = 105,000; end value = 108,000
Return =
<em>Time 3: Sep 30, 2017 to Dec 31, 2017</em>
start value = (108,000 + 3,000) = 111,000; end value = 100,000
Return = .
Therefore, time weighted return
= (1.1 * 1.028571 * 0.900901) - 1
= 0.019305
= 1.93%.
Answer:
The complete question is given in the explanation box below and the solutions to the problem is shown in the pictures attached herewith accordingly. Thank you.
Explanation:
a. Determine the degrees of freedom for this test.
b. Compute the test statistic.
c. Compute the p-value.
d. What is your conclusion? Let α = .05.
Answer:
value of the bond = $2,033.33
Explanation:
We know,
Value of the bond,
Here,
Face value of par value, FV = $2,000
Coupon payment, I = Face value or Par value × coupon rate
Coupon payment, I = $2,000 × 6.04%
Coupon payment, I = $128
yield to maturity, i = 6.1% = 0.061
number of years, n = 15
Therefore, putting the value in the formula, we can get,
or,
or,
or,
or, $711.9738 + 1,321.3635
Therefore, value of the bond = $2,033.33