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Hoochie [10]
3 years ago
11

Josh bought a bond with a par value of 1,500 from company ABC. The bond pays twenty annual coupons of 90 and matures at the end

of twenty years. It is bought and redeemed at par. Immediately after his purchase, company ABC issues another bond with the same coupon structures and redemption value as the par bond, but with a lower annual effective yield rate of 4%. Josh calculates the price of the new bond using the first-order modified approximation and the first-order Macaulay approximation. Let X be the the new price using the first-order Macaulay approximation and let Y be the new price using the first-order modified approximation. Calculate X-Y.
Business
1 answer:
ElenaW [278]3 years ago
3 0

Answer: c

Explanation:

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Determine the tax consequences to Euclid from the following independent events. Round the per share answer to the nearest cent.
Levart [38]

Answer:

$100 per share

Explanation:

Complete question: <em>As a result of the stock dividend, Euclid's per share basis is $?</em>

<em />

The Total stock is 500 shares for $50,000 Basis = 50,000 / 500 = $100

Hence, Euclid's per share basis is = $100 per share

8 0
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Casey Klemons' agreement (BELO plan) with his employer provides for a pay rate of $16.50 per hour with a maximum of 50 hour. How
KatRina [158]

Answer:

$907.50

Explanation:

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8 0
3 years ago
Secondary data is often gathered primary data
AlexFokin [52]

Answer:

Is often gathered BEFORE primary data

Explanation:

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7 0
3 years ago
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Which of the following occupations is among the 10 projected most rapidly declining U.S. occupations in terms of percentage decr
NemiM [27]

Answer:

Postal service mall sorters and processors is the correct answer for the following.

Explanation:

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6 0
3 years ago
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anastassius [24]

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3 years ago
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