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yarga [219]
2 years ago
14

A cash equivalent is: Multiple Choice Generally within 3 years of its maturity date. Close to its maturity date but its market v

alue may still be affected by interest rate changes. Is not considered highly liquid. Another name for cash. An investment readily convertible to a known amount of cash.
Business
1 answer:
11111nata11111 [884]2 years ago
6 0

Answer:

An investment readily convertible to a known amount of cash

Explanation:

Cash equivalents are items usually recognized in the balance sheet along with cash (then names Cash and cash equivalent) that are readily or easily convertible to cash at an amount that is measurable.

Examples of cash equivalents include commercial papers, bank certificate of deposit, treasury bills usually with a tenor of 3 months or less etc.

Cash equivalents are assets and help improve the company's liquidity.

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Pera Inc. wishes to issue new bonds. These are 5-year bonds with semi-annual interest; $1,000 par value, and a yield to maturity
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Answer:

coupon rate= 13.5%

Explanation:

Giving the following information:

Number of periods= 5*2= 10 semesters

Par value= $1,000

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<u>To calculate the coupon rate, first, we need to determine the coupon per semester using the following formula:</u>

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

1,136 = coupon*{[1 - (1.05^-10)] / 0.05} + [1,000/(1.05^10)]

1,136 = coupon*7.722 + 613.91

522.09 = coupon*7.722

$67.61=coupon

<u>Now, the coupon rate:</u>

Coupon= par value*(coupon rate/2)

67.61= 1,000*(coupon rate/2)

67.61= 500coupon rate

0.135=coupon rate

coupon rate= 13.5%

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