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
Katena32 [7]
2 years ago
10

Great Wall Pizzeria issued 10-year bonds one year ago at a coupon rate of 6.3 percent. If the YTM on these bonds is 8.5 percent,

what is the current bond price
Business
1 answer:
Paraphin [41]2 years ago
7 0

Answer:

the current bond price is $865.38

Explanation:

The computation of the current bond price is shown below:

Given that

NPER is = 10 - 1 = 9

RATE is 8.5%

We assume the future value be $1,000

SO, the coupon i.e. PMT is = $1,000 × 6.3%

the formula is shown below:

=-PV(RATE,NPER,PMT,FV,TYPE)

After applying the above formula, the current bond price is $865.38

You might be interested in
Which statement about the role of white papers in business solutions is true? Multiple Choice They directly address a customer's
FromTheMoon [43]

Answer: They help a customer solve a problem without promoting a particular company's products

Explanation:

White paper is simply refered to as an authoritative report that is used in order to addresses certain issues that are deemed to be vital and also provide solution to such issues.

White papers gives awareness regarding particular products and it helps customer solve a problem without promoting a particular company's products.

8 0
3 years ago
2) You purchase one MBI July 125 call contract (equaling 100 shares) for a premium of $5. You hold the option until the expirati
PtichkaEL [24]

Answer:

D) $500 loss

Explanation:

The computation of the realized value on the investment is shown below:

= Number of shares × premium

= 100 shares × $5

= $500 loss

Since the call is for 125 shares for $125 and the selling price per share is $123  due to which the contract is not implemented. So the premium amount would be recorded as a loss of $500

8 0
3 years ago
The W. J. Clinton Company issued 750 shares of $1 stated value common stock in exchange for land from the Whitewater Investment
MrMuchimi

Explanation:

The journal entry is as follows:

Land  Dr $70,000

Additional paid in capital  $5,000

             To Common stock $75,000

(Being the common stock is issued in exchanged for cash)

The computation of the additional paid in capital is shown below:

= Common stock - the appraised value of land

where,

The common stock = 750 shares × $100 = $75,000

And, the  appraised value of land is $70,000

So, the remaining balance is

= $75,000 - $70,000

= $5,000

The $5,000 would be recorded as an additional paid in capital

4 0
3 years ago
The most common service provided by a real estate agent when selling your home is
aleksandrvk [35]
The answer is A. Providing legal advice
7 0
3 years ago
What is the difference between asset management and wealth management
ladessa [460]

Answer:

here is ur answer

Explanation:

wealth management comes down to what services you need. Asset management is about choosing and managing investments. Wealth management, on the other hand, looks more broadly at a person's financial life and portfolio. Some financial advisors do both, allowing you to hire just one person for the job.

8 0
2 years ago
Other questions:
  • Each of the following functional areas would typically be included within logistics EXCEPT:
    6·1 answer
  • Communicating effectively, showing a sense of teamwork, and being a good negotiator are all ways to demonstrate which component
    6·1 answer
  • You want to have $60,000 in your savings account 12 years from now, and you’re prepared to make equal annual deposits into the a
    7·1 answer
  • Susan needs to communicate a denial of warranty work to a customer. Based on her conservations with the customer, Susan feels th
    13·1 answer
  • The government might enact a price ceiling in order to accomplish what?
    10·1 answer
  • Which of these increases the price of certain foreign-made goods?
    7·2 answers
  • The following data are taken from the financial statements of Bar Harbor Company:
    5·1 answer
  • 25 point multiple choice
    14·1 answer
  • Write a sentence with a word Gross Domestic Product:​
    11·2 answers
  • Flatter organizations today often reassign an employee to a new job at the same level, which is known as a(n)?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!