1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
A _________ is generally considered an appreciating asset because it may _________ in value over time.
jeka94

A house is generally considered an appreciating asset because it may increase in value over time. Appreciation is an increase in the value of an asset over time. The increase of the value of the house may occur for a number of reasons, including increased demand or weakening supply, or as a result of changes in inflation or interest rates. One example would be: the neighborhood became very famous, so the value of the houses there will increase, because the demand will increase.

8 0
3 years ago
Read 2 more answers
EB1.
GaryK [48]

Answer:

1,350 units; 918 units

Explanation:

Ending inventory:

= Beginning inventory + Units started - Units completed and transferred

= 750 + 9,500 - 8,900

= 1,350

Equivalent units of ending work in process for Materials:

= 100% complete × Ending inventory

= 100% × 1,350

= 1,350 units

Equivalent units of ending work in process for Conversion:

= 68% complete × Ending inventory

= 68% × 1,350

= 918 units

3 0
3 years ago
The following information summarizes the standard cost for producing one metal tennis racket frame at Spaulding Industries. In a
astra-53 [7]

Answer:

Actual Price paid for materials = $4.2136 \times 2,200 = $9,270

Actual price per unit = $4.2136

Explanation:

Provided information,

Standard Material per unit = $4

Total cost = $8,400

Standard Quantity = $8,400/$4 = 2,100 units

Provided Material Price variance = $470 unfavorable = - $470

= (Standard Price - Actual Price) \times Actual Units

Material Quantity Variance = $400 Unfavorable = - $400

= (Standard Quantity - Actual Quantity) \times Standard Rate

Using Material Quantity Variance

- $400 = (2,100 - Actual Quantity) \times $4

-$400/$4 = 2,100 - Actual Quantity

Actual Quantity = 2,100 + 100 = 2,200 units

Now, putting this value in Material Price Variance we have,

- $470 = ($4 - Actual Price) \times 2,200

-$470/2,200 = $4 - Actual Price

- $0.214 = $4 - Actual Price

Actual Price = $4 + $0.2136 = $4.2136

Final Answer

Actual Price paid for materials = $4.2136 \times 2,200 = $9,270

Actual price per unit = $4.2136

8 0
3 years ago
What Are Some Reasons To Have A Credit Card?
andreev551 [17]

Answer:

1 Boost your credit history and score

2 Internet purchases

3 Emergency money

4 Rewards

5 History of purchases

6 No fear of loss or theft

7 Interest free money

8 Merchant protection

9 Insurance on purchases

10 Convenient when traveling

3 0
2 years ago
Our credit card company quotes you a rate of 14.9%. interest is billed monthly.What is the actual rate of interest you are payin
Anna11 [10]

Answer:

15%

Explanation:

because most company don't want to calculate interest of decimal number so they rounded it

8 0
2 years ago
Read 2 more answers
Other questions:
  • Alexis company recently completed 10,600 units of its single product, consuming 32,000 labor hours that cost the firm $480,000.
    14·1 answer
  • You could give any number of people__________ per year without having to pay any gift taxes,
    13·1 answer
  • A large increase in the income level in the U.S. along with no growth in Mexico’s income level is normally expected to cause (as
    11·1 answer
  • Immigrant couples often abandon Breadwinner/Supportive Spouse strategies in favor of economic interdependence when they arrive i
    14·1 answer
  • A hospital incurs $10 million of cost to treat Medicaid patients and receives $7 million in payment. Actual charges for these Me
    7·1 answer
  • On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $20,500; Accounts Receivable, $7,2
    11·1 answer
  • Ford Corporation is pulling together its direct labor budget for the next two months. Each unit of output requires 0.05 direct l
    7·1 answer
  • ____ reading will increase your focus and concentration, help you understand the reading, and prepare you to study.
    10·1 answer
  • Click this link to learn about a career as a Multimedia Artist. What are some common tasks? Check all that apply.
    15·2 answers
  • A portion of FICA that is paid to provide eligible retired workers and
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!