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marishachu [46]
3 years ago
8

Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 6 percent. The bond sells for $98

1.45 and matures in 24 years. The par value is $1,000. What is the YTM of the bond
Business
1 answer:
alexgriva [62]3 years ago
8 0

Answer:

YTM = 6.13%

Explanation:

As we know that: YTM = [C +(F-P/n) ] / (F+ P) / 2

where C= Coupon payment = 1000 * 6% = $60.

F = face value of bond = $1000

P= Price of bond = $ 981.45

n= Years to maturity = 24 years

                 Solution:

                YTM =   60 +[ (1000-981.45) / 24] /  (1000+981.45) / 2

                        =( 60 + .7729) / 990.72

                         =  60.7729 / 990.72

                        = 6.13%

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lara31 [8.8K]

Answer:

The answer is: Behavior variable

Explanation:

Behavior variable in market segmentation refers to the process of segmenting the market based on consumer buying behavior. Consumer buying behavior consists of consumer usage frequency, consumer habits, benefits sought or expected, user status, brand loyalty, etc.  

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3 years ago
Why is the separating of recordkeeping from the custody of assets a limitation of an internal control system?
yanalaym [24]

The separating of recordkeeping from the custody of assets a limitation of an internal control system because:

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  • Employee controlling asset will know if another person is maintaining records or not.
  • The employee who controls/has access to an asset should not maintain that asset's accounting records.
<h3>What is meant by Internal Control?</h3>
  • Internal controls are the mechanisms, rules, and procedures implemented by a corporation to ensure the integrity of financial and accounting information, promote accountability, and stop fraud.
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6 0
2 years ago
Theodore and James have formed TJ Soft, an entrepreneurial venture to develop games and other kinds of software for consumers. T
Kamila [148]

Answer:

a global strategic alliance

Explanation:

A global strategic alliance is established between two or more countries that are established on different countries. In this case, TJ's headquarters are in the US and the other game company's headquarters are in Thailand. This type of alliance is very common when companies want to enter new international markets. For example, Volkswagen Group is the largest car manufacturer in the world, even though its headquarters are located in Germany, around 50% of the cars it sells are produced in China through a series of strategic alliances with Chinese car manufacturers. It was the first western car manufacturer to start producing cars in China and it really paid off for them. Its share of the Chinese car market is currently around 25%.

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3 years ago
lpha Moose Transporters has a current stock price of $33.35 per share, and is expected to pay a per-share dividend of $1.36 at t
kirza4 [7]

Answer:

13.86%

Explanation:

Calculation to determine the flotation-adjusted (net) cost of its new common stock

Using this formula

Cost of new common stock(re) = [d1 / stock price (1-flotation cost)] +g

Let plug in the formula

Cost of new common stock(re)= [$1.36 / 33.35 (1 – 0.065)]+0.094

Cost of new common stock(re)= [$1.36 / 33.35 (0.935)]+0.094

Cost of new common stock(re)= [$1.36/31.182)+0.094

Cost of new common stock(re)=0.04361+0.094

Cost of new common stock(re)=0.1376*100

Cost of new common stock(re)=13.76%

Therefore the flotation-adjusted (net) cost of its new common stock will be 13.76%

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2 years ago
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agricultural machinery


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