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
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

You might be interested in
In July, Econo Company purchased materials costing $21,000 and incurred direct labor cost of $18,000. Overhead totaled $32,000 f
Rudik [331]

Answer:

$70,200

Explanation:

Given that,

Cost of material purchased = $21,000

Direct labor cost = $18,000

Total overhead = $32,000

Opening and closing balances in the month of July.

Cost of goods sold for July:

= Cost of material purchased + Direct labor cost + Total overhead + (Opening material + opening work in process + opening finished goods - Closing material - Closing work in process - Closing finished goods)

= $21,000 + $18,000 + $32,000 + ($6,200 + $700 + 3,300 - 7,100 - 1,200 - 2,700)

= $70,200

6 0
3 years ago
Similarities between organized Sector and Unorganised sector​
Reil [10]

Answer:

The sector which is registered and follows government rules and regulations, having employees and employee unions is called as an organised sector. ... The sector that comprises of small-scale enterprises or units and is not registered with the governmen

7 0
3 years ago
Yooo Rate my friend 1/10
MAXImum [283]

Answer:

1/10

Explanation:

Not right?

8 0
3 years ago
PHOTOGRAPHY ASSIGNMENT, PLEASE HELP, #3
Mama L [17]
As the name implies, the back light is fill light
function of the fill light is to separate the subject from the background
4 0
3 years ago
Apex Company produces artificial Christmas trees. A local shopping mall recently made a special order offer; the shopping mall w
BaLLatris [955]

Answer:

It is profitable to accept the special offer.

Explanation:

Giving the following information:

The shopping mall would like to purchase 200 extra-large white trees. Apex Company has the excess capacity to handle this special order. The shopping mall has offered to pay $120 for each tree.

Variable costs:

Direct materials $50.00

Direct labor (variable) $3.50

Variable manufacturing overhead $1.00

Additional variable cost= $6

This special order would require an investment of $10,000 for the molds required for the extra-large trees.

Because it is a special offer and there is unused capacity, we will not have into account the fixed costs (except the incremental fixed cost).

Unitary variable cost= 50 + 3.5 + 1 + 6= $60.5

Fixed costs= 10,000

Incremental income= (200*120) - (200*60.5) - 10,000= $1,900

It is profitable to accept the special offer.

3 0
3 years ago
Other questions:
  • A covert operation is defined and in which the president has certified its importance to america's national security
    8·1 answer
  • Distributive negotiation is a collaborative approach to negotiation that is based on a win-win assumption, whereby the parties w
    14·1 answer
  • Just-in-time management could be best defined in which of the following ways?Select one of the options below as your answer. A.
    9·1 answer
  • The demand for apples in the U.S. is Qus = 800 - 20P, and Foreign Demand for apples is Qf = 1200 - 40P, where quantity demanded
    11·1 answer
  • Jeremy runs a SCUBA diving shop in Cozumel, Mexico. Jeremy has tailored his diving operation to serve serious divers preferring
    12·1 answer
  • Copy equipment was acquired at the beginning of the year at a cost of $25,500 that has an estimated residual value of $2,300 and
    14·1 answer
  • During 2013, gardner home center sold 800 power washers for $350 each. the power washers carry a 2-year warranty for repairs. es
    6·1 answer
  • How could a line of credit negatively impact a business?
    12·1 answer
  • Why is the ability to maintain attention especially important in middle childhood? because ____.
    6·1 answer
  • The risks created by rapid changes in it have not affected which concepts of internal control?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!