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Butoxors [25]
3 years ago
7

XZYY, Inc. currently has an issue of bonds outstanding that will mature in 16 years. The bonds have a face value of $1,000 and a

stated annual coupon rate of 13.0% with annual coupon payments. The bond is currently selling for $1,176. The bonds may be called in 3 years for 113.0% 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:
borishaifa [10]3 years ago
5 0

Answer: 10.66%

Explanation:

The expected quoted annual rate of return when the bonds are bought and being held until maturity will be calculated thus:

Coupon payment = 1000 × 13% = 130

The Yield to Maturity formula will be:

= Rate(maturity period, coupon payment, -price, fave value)

= Rate(16, 130, -1176, 1000)

Yield to Maturity = 10.66%

Therefore, the expected quoted annual rate of return is 10.66%.

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3 years ago
what term describes the conscious, systematic process of making decisions about goals and activities that an individual, group,
Natali5045456 [20]

The term that gives clues about decision making towards one goals as well as ones activities as regards this question can be referred to as Planning.

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<em>Therefore, Planning involve setting ones goal and all process involves in pursuing it.</em>

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7 0
3 years ago
the number of families receiving assistance under TANF had dropped by ______ within five years of its enactment
Harlamova29_29 [7]

The number of families receiving assistance under TANF had dropped by 50 percent within five years of its enactment.

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To be eligible for Oklahoma Family Assistance, you must be an Oklahoma resident and be a U.S. citizen, legal alien, or eligible alien. You must be unemployed or underemployed and have little or very little income. You must also be one of the following: Have children under the age of 18 OR.

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3 0
1 year ago
If the manufacturer of Cool Whip were to introduce an orange-flavored Cool Whip and still continue to produce all of its other C
AlexFokin [52]

Answer:

B. Line extension

Explanation:

Product Line Extension

This involves the use of an already established brand name, in this case, cool whip for a new item (orange flavored cool whip) in the same product category. It's the production of a new product that is a little different to a company's existing products. The differences the new product usually has from the existing products may be in the line of new flavour, colors, product size, added ingredients and so on.

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5 0
3 years ago
Rogers Radiators has net income of $48,200, sales of $947,100, a capital intensity ratio of .87, and an equity multiplier of 1.5
Assoli18 [71]

Answer:

ROE= 6%

Explanation:

Return on equity is the measure of a business profitability as related the owner's equity. It shows how well a company is making profits on shareholder funds.

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5 0
3 years ago
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