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Alex Ar [27]
3 years ago
7

A(n) ________ is a favorable set of circumstances that creates a need for a new product, service, or business.

Business
1 answer:
Natasha_Volkova [10]3 years ago
8 0
I think it’s scheme
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Madsen Motors's bonds have 18 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon i
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Answer:

$906.30

Explanation:

Face value (FV) = $1000

Coupon payment (C) = 7% of $1000 = $70

Yield to maturity (r) = 8% = 0.08

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Number of compounding periods (n) = 1 (annually)

Using the relation:

C[( 1 - (1 + r/n)^-nt) / (r/n)] + FV / (1 + r/n)^nt

70[(1 - (1 + 0.08)^-1*18) / (0.08/1)] + 1000 / (1 + 0.08/1)^1*18

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70(9.3718871) + 250.24902

= $906.281117

= $906.30

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