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Allisa [31]
3 years ago
10

You are purchasing a 30-year, zero coupon bond. The yield to maturity is 9.1% and the face value is $1,000. What is the current

market price
Business
1 answer:
madam [21]3 years ago
4 0

Answer:

Zero-cupon bond= $73.33

Explanation:

Giving the following information:

You are purchasing a 30-year, zero coupon bond. The yield to maturity is 9.1% and the face value is $1,000.

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

Zero-cupon bond= [face value/(1+i)^n]

Zero-cupon bond= [1,000 / (1.091^30)]

Zero-cupon bond= $73.33

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Breanna works in the mall and her hours increase during busy shopping times of the year. Breanna has a plan to save $25 each wee
kari74 [83]

Answer:

16 weeks

Explanation:

Given:

Amount saved each week in the first 5 weeks = $25

Amount saved each week in the next 7 weeks = $25 + $20 = $45

Amount saved each week afterwards = $25

Total amount to be saved = $540

Now,

The total amount saved in the first 5 weeks = $25 × 5 = $125

The total saved in the next 7 weeks = $45 × 7 = $315

Thus,

The total amount saved till now = $125 + $215 = $440

Now,

The remaining amount to be saved = $540 - $440 = $100

The time required to save the $100 = \frac{\textup{100}}{\textup{25}}

= 4

Hence,.

the total weeks required = 5 + 7 + 4 = 16 weeks

6 0
3 years ago
Swan Song is a spa that caters to the needs of a small percentage of highly health-conscious consumers. It offers state-of-the-a
Andreyy89

Answer:

The correct answer is: focused differentiation strategy.

Explanation:

The focused differentiation strategy refers to position 5 of the strategic clock. In this strategic position, companies offer products / services with a high added value perceived by customers in exchange for high acquisition prices.

Companies that offer Premium products / services as well as companies dedicated to the luxury sector have the strategy of focused differentiation as the axis of the company's operation.

Companies such as Ferrari, Rolex, Hermes, Cartier, Mont Blanc, Mercedes are examples among others.

6 0
3 years ago
Read 2 more answers
Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for Mar
torisob [31]

Answer:

To Determine

Job order costing

Job order cost system provides a separate record of each particular quantity of product that passes through the factory. Each quantity that is manufactured in the business is known as job. Job order costing is used when the product produced are significantly different from each other.

To record: the journal entry to record all the summarized operations.

View image for journalized entry.

5 0
3 years ago
You have just won the state lottery and have two choices for collecting your winnings. You can collect $109,000 today or receive
miskamm [114]

Answer: Im not doing the math but Option 2 is the better option

Explanation:

6 0
2 years ago
Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which in
Nady [450]

Answer:

Amount                                              Debit($)                            Credit($)

Assets

Cash                                                   37,641

Office Supplies                                   890

Prepaid Insurance                             4,600

Office Equipment                              12,900

Liabilities

Accounts Payable                                                                        12,900

Equity

Y. Min, Capital                                                                               18,000

Y. Min, Withdrawals                           3,329

Revenue

Engineering Fees Earned                                                             36,000

Expenses

Rent Expense                                     <u>7,540</u>

Total                                                   66,900                                66,900

Explanation:

Trial Balance sheet includes all the accounts available in ledger.

Assets, Liabilities, Equity Revenue and expenses are added, however they are not given in our case

Amount                                              Debit($)                            Credit($)

Assets

Cash                                                   37,641

Office Supplies                                   890

Prepaid Insurance                             4,600

Office Equipment                              12,900

Liabilities

Accounts Payable                                                                        12,900

Equity

Y. Min, Capital                                                                               18,000

Y. Min, Withdrawals                           3,329

Revenue

Engineering Fees Earned                                                             36,000

Expenses

Rent Expense                                     <u>7,540</u>

Total                                                   66,900                                66,900

4 0
3 years ago
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