The amount to be paid on maturity is $100,440
Given that;
Purchase value of 8% corporate bond at 93 = $1,000
Find:
The amount to be paid on maturity
Computation:
Interest amount = Face value of bond × Price × Interest
Interest amount = $1,000 × 93 × 8%
Interest amount = $7,440
The amount to be paid on maturity = $7,440 + $93,000
The amount to be paid on maturity = $100,440
In finance, maturity or maturity date is the final payment due date of a loan or other financial instrument such as a bond or term deposit upon which principal (and remaining interest) is paid.
Maturity is the date on which the life of a trade or financial instrument ends, after which it must be renewed or cease to exist. The life of a bond is the period during which its holder receives interest payments on their investment. When the bond matures, the holder will be refunded the face value. The maturity may change if the bond has a put or call option.
Learn more about Maturity here: brainly.com/question/9099365
#SPJ4
Answer:
Which of the following issues can be offered to the public under the 1933 Act?
1. An exempt security.
2. A security registered under the Act.
Explanation:
The security's act of 1933 was formulated and passed into law in 1933 to protect investors after the stock market crash of 1929. The law had two major objectives; to enable transparency especially in the financial statements so that investors can make decisions after considering all aspects and also to provide regulations against misrepresentation to discourage cases of fraud in the securities markets.
The security's act of 1933 provided legislation on the sale of securities which was initially governed by the state laws. The law required the companies to register with the Securities and Exchange Commission (SEC) for full disclosure to potential investors. The information is provided to SEC and the potential investors in the form of a prospectus and a statement of registration.
The following issues are including in what can be offered to the public under this act, namely;
1. An exempt security.
2. A security registered under the Act.
However, the SEC does not approve a prospectus therefor issue number three is not true.
Answer and Explanation:
The computation is shown below:
For three months
Simple yield is
= Discount ÷ Price at sale
= 6.07 ÷ 9993.93
= 0.0607%
And, the annualized yield is
= 0.0607% ÷ 3 × 12
= 0.2428%
For 6 months
= Discount ÷ Price at sale
= 23.07 ÷ 9976.74
= 0.2312%
And, the annualized yield is
= 0.2312% ÷ 6 × 12
= 0.4625%
Answer:
below the break even point, the firm is losing money.
Explanation:
The break even point is the output level at which the firm's revenue equals its costs. Above this level, the firm is operating at a profit, below this level, the firm is operating at a loss.
The formula for calculating break even point in units produced is:
break even point in units = total fixed costs / contribution margin per unit
Answer:
a. True
Explanation:
Since Vinny is unmarried also it provides more than the half of the support for his cousin whose name is Gambini and she is doing part time job and made three thousand dollars in a year
So vinny would qualify the household head for flining the status
Therefore the given statement is true
hence, it is not false
