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Harman [31]
3 years ago
9

Gabriele Enterprises has bonds on the market making annual payments, with nine years to maturity, a par value of $1,000, and sel

ling for $978. At this price, the bonds yield 7.4 percent. What must the coupon rate be on the bonds
Business
1 answer:
Kazeer [188]3 years ago
7 0

Answer:

7.06%

Explanation:

The computation of the coupon rate is given below:

Given that

FV is $1,000

PV is $978

NPER is 9

RATE is 7.4%

The formula is given below:

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

After applying the above formula, the PMT is $70.57

Now the coupon rate is

= $70.57 ÷ $1,000

= 7.06%

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GDP does not directly include: Select one: a. the value of goods produced domestically and sold abroad. b. the value of intermed
serg [7]

Answer:

The value of intermediate goods sold during a period.

Explanation:

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5 0
2 years ago
Read 2 more answers
It will cost $7,500 to acquire a cotton candy cart. Cart sales are expected to be $3,800 a year for four years. After the four y
Allushta [10]

Answer:

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Explanation:

Giving the following information:

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We need to determine the amount of time required to payback the machine.

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Hope this helps
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3 years ago
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