Answer:
The YTM is 6.45%
Explanation:
Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity.
Face value = F = $1,000
Coupon payment = $1,000 x 7% = $70
Selling price = P = $1,038.50
Number of payment = n = 9 years
Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]
Yield to maturity = [ $70 + ( $1,000 - $1,038.5 ) / 9 ] / [ (1,000 + $1,038.5 ) / 2 ]
Yield to maturity = [ $70 - $4.28 ] / $1,019.25 = $65.72 /$1,019.25 = 0.0645 = 6.45%
Explanation:
(1) designing systems that are competitive and efficient; (2) understanding the system requirements of a global business environment; (3) creating an information architecture that supports the organization's goals; (4) determining the ...
Answer:
Owners are not required to pay it to foreign workers.
Explanation:
The minimum wage policy should offer protection to all employees. The policy should not discriminate against any group of workers, such as the youth, women, or immigrants. The wage policy applies in all types of contractual agreements. The policy seeks to protect the most vulnerable category of workers.
Only a few groups are excluded from the policy and with reasons. They include workers in the informal economy and domestic workers.
South africa’s is a cool place,
Answer:
$56.89
Explanation:
The computation of the current price of this preferred stock is shown below:
= Annual dividend ÷ required rate of return
where,
Annual dividend equal to
= Quarterly dividend × number of quarters in a year
= $1.65 × 4 quarters
= $6.6
And, the required rate of return is 11.6%
Now put these values to the above formula
So, the price would equal to
= $6.6 ÷ 11.6%
= $56.89
