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4 years ago

The Permanent School Fund distributes money to school districts across the state based on what two factors?

Business

1 answer:

bogdanovich [222]4 years ago

5 0

Answer:

Explaination given below:

Explanation:

The Permanent School Fund distributes money to school districts across the state based on the two factors as follows:

* student attendance

* guaranteed bonds issued by local school boards

The Permanent School Fund was organized in the year around 1854. The central goal of the Permanent School Fund is to support primary as well as secondary schools in the state.

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Sure Tea Co. has issued 6.3% annual coupon bonds that are now selling at a yield to maturity of 9.20% and current yield of 8.777

alina1380 [7]

Answer:

Ans. 26 years is the remaining maturity of this bond.

Explanation:

Hi, we have to find the price of the bond, so we use the following formula.

$CurrentYield=\frac{Coupon}{Price}$

This means that:

$Price=\frac{Coupon}{CurrentYield} =\frac{63}{0.08777} =717.79$

Let´s not forget that the Coupon is calculated by the following formula.

$Coupon=FaceValue*CouponRate=1,000*0.063$

Now that we found that the price of the bond is $717.79, we have to bring to present value the remaining coupons and the principal that is paid at the end, so we have to solve for "n" the following equation, discounted at the yield to maturity.

$Price=\frac{Coupon((1+YTM)^{n}-1) }{YTM(1+YTM)^{n} } +\frac{FaceValue}{(1+YTM)^{n} }$

Let´s fill up what we can

$717,79 =\frac{63((1+0.092)^{n}-1) }{0.092(1+0.092)^{n} } +\frac{1,000}{(1+0.092)^{n} }$

But to solve for "n" is pretty painful, so we can use a financial calcultator o MS Excel. Please find the MS Excel sheet that I used with the "Seek Goal" formula instruccions as follow.

Set Cell: $C$19

To Value: 717,79

By Changing cell: $C$14

So the answer is 26

Best of luck.

Download xlsx

4 0

4 years ago

Select two answers

vaieri [72.5K]

B.) his counselor certification

D.) His years of teaching experience

6 0

3 years ago

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how the following changes will affect demand and supply of wooden cupboards supply strong argument 1 reduction in subsidy by gov

xxTIMURxx [149]

Answer:

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4 years ago

Haulsee Inc. pays no dividend currently but is expected to start paying a small dividend next year. The 5-year-old firm has a be

wlad13 [49]

Answer:

17.10%

Explanation:

The computation of the cost of equity is shown below:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

= 6.10% + 1.25 × 8.8%

= 6.10% + 11%

= 17.10%

The (Market rate of return - Risk-free rate of return) is also known as market risk premium and the same is applied.

All other information which is given is not relevant. Hence, ignored it

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3 years ago

True or false: the amount of income you make affects the amount of federal taxes you will owe.

pychu [463]

Definitely TRUE would be the answer!

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3 years ago

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