Answer:
Price of bond = $1150.72 (Approx.)
Explanation:
Given:
Number of years 12 years
Per value = $1,000
Coupon rate = 10% = 0.1
Market rate = 8% = 0.08
Find:
Price of bond
Computation:
Coupon payment = 1,000 x 10%
Coupon payment = 100
Price of bond = [C/r][1 - 1/(1+r)ⁿ] + Per value/[(1+r)ⁿ]
Price of bond = [100/0.8][1 - 1/(1+0.8)¹²] + 1000/[(1+0.08)¹²]
Price of bond = [100/0.8][1 - 1/(1.8)¹²] + 1000/[(1.08)¹²]
Price of bond = $1150.72 (Approx.)
A journal written by an employee at a factory provides the most credible information about the daily life of factory workers during the 1880's.
<u>Explanation:</u>
Journal from the factory's employees certainly reveals all their risks and activities in daily life with the right information. Of course, they deliver all the details from their experience. It also gets more value.
The letter collected by a farmer is totally irrelevant to the factory workers. The opposed union’s pamphlets may be presented with incorrect thoughts. Novel to motivate Factory regulation possess certain limitations and might be filled with imaginary ideas.
The correct completed sentence is " Congress exercises oversight of the bureaucracy through hearings, investigations, and control over appropriations." The correct answer is C.
