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uranmaximum [27]
3 years ago
10

Layton Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.6 percent paid semiannually and 13 years to maturit

y. The yield to maturity of the bond is 3.8 percent. What is the dollar price of the bond
Business
1 answer:
Leni [432]3 years ago
7 0

Answer:

Bond Price​= $2,162.94

Explanation:

Giving the following information:

Par value= $2,000

YTM= 0.038/2= 0.019

Coupon= (0.046/2)*2,000= $46

Years to maturity= 13*2= 26

<u>To calculate the price of the bond, we need to use the following formula:</u>

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 46*{[1 - (1.019^-26)] / 0.019} + [2,000 / (1.019^26)]

Bond Price​= 936.91 + 1,226.03

Bond Price​= $2,162.94

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trapecia [35]

Answer:

The correct answer is (a)

Explanation:

Indirect cost is a cost that is related to transforming the product from raw to finished good.  Plant manager, maintenance manager and janitorial personnel all help in the process of transforming a good that is why they are the example of indirect labour cost. Machine operators are not an example of indirect cost as it is a specific duty and not a job which requires doing different duties it is a direct cost

3 0
4 years ago
People's Clinic purchased a special machine for use in its laboratory on January 2, 2016. The machine cost $100,000 and was expe
klemol [59]

Answer:

Depreciation Expense for 2018; $10,528.57  

Explanation:

On January 2, 2016

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Useful life = 10 years

Annual depreciation = ($100,000 - $6000)/10

                                  = $9,400

By early 2018,

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= $100,000 - 2($9,400)

= $100,000 - $18,800

= $81,200

Useful life is reassessed to 7 years (rather than 8) with a salvage value of $7,500

Annual Depreciation = ($81,200 - $7,500)/7

                                  =  $73,700/7

                                  =  $10,528.57  

Depreciation Expense for 2018; $10,528.57  

6 0
4 years ago
In the systems approach to ob, person and situation factors are considered individual , while the three levels of analysis are c
Slav-nsk [51]

In the systems approach to ob, person and situation factors are considered individual, while the three levels of analysis are categorized as processes or inputs/outcomes.

An example of a system is the laws and procedures of a democratic government. An example of a system is how someone organizes their closet. An example of a system is all the organs that work together for digestion. It's an organized collection. A system has various inputs that go through specific processes to produce specific outputs that together achieve the desired overall goal of the system.

A system is a collection of elements or components organized for a common purpose. The term can describe an organization or plan itself (which has a similar meaning to the method, as in "I have my own little system"), or it can describe part of a system ( like "computer system").

Learn more about systems  here

brainly.com/question/25226643

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3 0
2 years ago
The factors of production include natural resources, labor, government assistance, and entrepreneurship.
noname [10]
<span>The answer is True. The four factors mainly used for production is, Land(means natural resources and technology), labor(working people for dedication to work), capitol(investment and government assistance totally that represent services) and entrepreneurship(the activity of setting up a business).</span>
4 0
3 years ago
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A rectangular crate has the dimensions of 32.1 inches by 28.2 inches by 1 foot.
notsponge [240]
905.22
This is the Answer just did it with my teacher and said it was right

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3 years ago
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