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
Fofino [41]
3 years ago
6

Gugenheim, Inc., has a bond outstanding with a coupon rate of 7.7 percent and annual payments. The yield to maturity is 8.9 perc

ent and the bond matures in 17 years. What is the market price if the bond has a par value of $2,000?
Business
1 answer:
Anna [14]3 years ago
3 0

Answer:

Bond price= $1,793.62

Explanation:

Giving the following information:

Face value= $2,000

Number of periods= 17

Cupon rate= 0.077

YTM= 0.089

T<u>o calculate the price of the bond, we need to use the following formula:</u>

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 154*{[1 - (1.089^-17)] / 0.089} + [2,000/1.089^17)

Bond Price​= 1,324.21 + 469.41

Bond price= $1,793.62

You might be interested in
Below are several names of companies and their founders. Explain whether the business creates and sells innovative products or u
Kruka [31]

Answer:

my Answer is a products is notikdd

8 0
2 years ago
I The indirect and direct methods of preparing the statement of cash flows are identical except for
NemiM [27]

The cash flow statement (CFS) measures how well a company manages its cash position, meaning how well the company generates cash to pay its debt obligations and fund its operating expenses. The cash flow statement complements the balance sheet and income statement and is a mandatory part of a company's financial reports since 1987.1

In this article, we'll show you how the CFS is structured, and how you can use it when analyzing a company.

KEY TAKEAWAYS

A cash flow statement is a financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company.

The cash flow statement measures how well a company manages its cash position, meaning how well the company generates cash to pay its debt obligations and fund its operating expenses.

The cash flow statement complements the balance sheet and income statement and is a mandatory part of a company's financial reports since 1987.1

The main components of the cash flow statement are cash from operating activities, cash from investing activities, and cash from financing activities.

The two methods of calculating cash flow are the direct method and the indirect method.

4 0
3 years ago
The relationship between an employer and an employee can be thought of in terms of a(n) __________, a description of what an emp
myrzilka [38]

The answer is psychological contract.

A broken psychological contract may occur when an employee believes that working extra would be naturally rewarded. This, however, may not be business policy. If the person is salaried, they may not be compensated for the extra hours worked.

Daily acts and remarks made in the workplace, as well as how they are interpreted by all parties involved, have an impact on the contract.

`

In other words, it is a promise developed via regular workplace encounters in which the organization learns what is expected of each employee.

Psychological contracts evolve and adapt to the organizational working culture over time. However, they are generally difficult to change and can differ across individual party members and whole organizations.

To know more about employer and employee relationship click here:

brainly.com/question/13400621

#SPJ4

8 0
2 years ago
As personal computers became popular, the sale of typewriters decreased significantly and now typewriters are only used by a ver
zimovet [89]

Answer:

False

Explanation:

With the advent of computers, the office work that involved typing a data and sending information to others, witnessed a great trend shift from typewriters and manual handing over to computers and emails.

Hence as the computers became popular, the typewriter went to the decline stage of product life cycle because there wasn’t much demand left for producing typewriters

8 0
2 years ago
Read 2 more answers
Innovators are a critical group of new product adopters because they:
LenKa [72]
What are asking I am confused
7 0
2 years ago
Other questions:
  • This morning, you borrowed $12,700 at an APR of 6.9 percent. If you repay the loan in one lump sum four years from today, how mu
    5·1 answer
  • Sylvester Co. takes out a 12% loan of $500,000 on 1/1/2014 to finance construction of a building for the company’s own use. Cons
    9·1 answer
  • Are the costs of transforming direct materials into finished goods.
    13·1 answer
  • Georgetown Public Media is trying to determine the optimum amount for its advertising budget. Calculating the marginal revenue o
    13·1 answer
  • Jones Corporation purchased merchandise inventory with a 10%, 120-day note payable for $10,000. The company uses the perpetual i
    14·1 answer
  • Steve Wilson is given a $200 budget to prepare a five-course meal. If the main course costs $80 to prepare, what fraction of the
    11·1 answer
  • This is where labor and other factors of production are sold in the circular flow model of income in economic theory *it’s for e
    14·1 answer
  • Your firm is considering an investment that will cost $920,000 today. The investment will produce cash flows of $450,000 in year
    8·1 answer
  • A company's balance sheet shows: Cash $36,000, Accounts receivable $23,000, Office equipment $57,000, and Accounts payable $24,0
    5·1 answer
  • Differential pricing means different buyers pay different prices for the same quality and quantity of a product.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!