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Svetach [21]
3 years ago
13

Wine and Roses, Inc. offers a 5.5 percent coupon bond with semiannual payments and a yield to maturity of 6.32 percent. The bond

s mature in 11 years. What is the market price of a $1,000 face value bond?a. $1,008.79b. $1,431.32c. $1,504.37d. $935.69e. $1,367.02
Business
1 answer:
Lady_Fox [76]3 years ago
4 0

Answer:

d. $935.69

Explanation:

The computation of the market price of the bond is shown below:

Given that

Future value be $1,000

RATE = 6.32% ÷ 2 = 3.16%

NPER = 11 × 2 = 22

PMT = $1,000 × 5.5% ÷ 2 = $27.50

The formula is shown below:

=-PV(RATE,NPER,PMT,FV,TYPE)

After applying the above formula, the market price of the bond is $935.69

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Answer:

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3 years ago
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Explanation:

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gtnhenbr [62]

Answer:

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In this case, it is OK for Ellen to earn a higher salary than Hank because she has more experience and she was transferred to the New York facility. But Hank shouldn't earn a higher salary than Marjorie because she is a more experienced worker.

This law doesn't consider the differences between Ellen's salary and Marjorie's.

3 0
3 years ago
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ANSWER: C) People could not charge as many different prices for goods.

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Answer:

A

Explanation:

The answer to that Question would be A

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