Given:
Duration = 10 years
Yield to maturity = 10%
To find: Bond volatility.
Solution:
Volatility (in percentage) = Duration / (1+yield)
Now putting values in the formula,
10 / (1+10%)
10/ (1+10/100)
10/(1+0.1)
10/1.1 = 9.09%
So, bond volatility is 9.09%.
Answer:
The answer is: B) the EPA's decision takes precedence.
Explanation:
The Supremacy Clause (Article VI, Clause II of the Constitution of the United States of America) states:
"This Constitution, and the Laws of the United States which shall be made in Pursuance thereof; and all Treaties made, or which shall be made, under the Authority of the United States, shall be the supreme Law of the Land; and the Judges in every State shall be bound thereby, any Thing in the Constitution or Laws of any State to the Contrary notwithstanding."
This means that the federal government and its laws, treaties and rules have precedence over state or local laws.
Answer:
the issue price of the bonds is $593,177
Explanation:
The computation of the issue price of the bonds is shown below:
Particulars Amount PV factorat 5% Present value
Semi-annual interest $28,350 11.68959 $331,400
Principal $630,000 0.41552 $261,778
Total $593,177
hence, the issue price of the bonds is $593,177
Answer:
a. 150 hours
b. 24.2 hours
Explanation:
Given
Motor tune-up
Standard Hours 2.5
Standard Rate $25.00
Standard Cost $62.50
Labor rate variance $ 150 F
Labor spending variance $ 200 U
Tuneups = 50
a.
Efficiency Variance = Labor Rate Variance + Labor Spending Variance
Efficiency Variance = 150 + 200 = 350
Total Standard Rate = Standard Rate * Actual Hours
Total Standard Rate = 25 * AH
Total Standard Hours = Standard Hours * Turn ups
Total Standard Hours = 2.5 * 50= 150
Efficiency Variance = Standard Rate (Actual Hours - Total Standard Hours)
350 = 25 (AH - 150)
14 = AH - 150
AH = 150 + 14
AH = 164 hours
b.
Rate Variance = AH (Actual Rate - Standard Rate)
Where AH = 164
Actual Rate = ?
Standard Rate = 25
Rate Variance = -150 ---- Given
So
-150 = 164(AR -25)
-150/164 = AR - 25
AR = 25 - 150/164
AR = 3950/164
AR = 24.08537 ---
AR = 24.1 --- Approximated
C. maintain physical protections in work areas.......