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
RideAnS [48]
2 years ago
6

Akers Company sold bonds on July 1, 20X1, with a face value of $100,000. These bonds are due in 10 years. The stated annual inte

rest rate is 6% per year, payable semiannually on June 30 and December 31. These bonds were sold to yield 8%. By July 1, 20X2, the market yield on these bonds had risen to 10%.
Required:
What was the bonds' market price on July 1 20x2?
Business
1 answer:
Taya2010 [7]2 years ago
6 0

Answer:

$76,620.83

Explanation:

According to the scenario, computation of the given data are as follows

Future Value (FV) = $100,000

Rate of interest = 10% yearly

Rate of interest (Rate) = 10%÷ 2 = 5% semiannually

Number of period (Nper) = 9 × 2 = 18

Face value = $100,000

Payment (pmt) = $100,000 × (6%÷2) = $3,000

By putting the value in excel present value formula, we get,

PV = $76,620.83

Attachment is attached below

You might be interested in
One of the best-reported predictors of college adjustment is:
lesya692 [45]

One of the best-reported predictors of college adjustment is<u> "high self esteem".</u>


Self-esteem is your general conclusion of yourself — how you feel about your capacities and restrictions. When you have solid Self-esteem, you like yourself and consider yourself to be meriting the regard of others.  

The advantages of a high Self-esteem are many. Kids who have high Self-esteem come to esteem themselves and consider themselves commendable accomplices and skilled issue solvers. They build up a solid adjust of preferring their identity, yet additionally perceiving that there are ways they can proceed to develop and to create.

6 0
3 years ago
A broker-dealer and its agent are registered in State A. The agent tells a customer in State A that he is prohibited from making
OlgaM077 [116]

Answer:

There is a violation of Uniform State Law because the agent has made an offer to sell an unregistered non-exempt security in that State

Explanation:

The Uniform State Securities Law is also called blue sky law, and they are put in place at the State level to prevent fraud and to enforce security regulation.

This law was set up to handle investments that do not occur at the federal level. These are out of the purview of the SEC so states handle them.

In the given scenario the agent is trying to make a non exempt security exempt by buying it from the client.

This is an attempt to sell the securities to investors through fraudulent means and it is a violation of Uniform State Law

8 0
2 years ago
eastern hotel corp. pays a constant $7.80 dividend on its stock. the company will maintain this dividend for the next 13 years a
Lesechka [4]

The stock is now trading at $52.16 per share.

The current value of an annuity of n regular payments of P at r% with yearly payments is provided by:

PV = P × (1 -((1 + r) ^{-n}÷r))

Estes Park Corp. distributes a fixed rate of a dividend of P = $7.80 per share on its shares. The corporation will retain this dividend for the following n = 13 years before ceasing dividend payments permanently. If the necessary returns on this stock are not metis r = 11.2% = 0.112.

The actual share price is calculated as follows:

Current share price = $7.80 × (1 -((1 + 0.112) ^{-13}÷0.112))

$7.80 × ((1 - 0.251) ÷ 0.112)

$52.16

Therefore, the current share price is $52.16

Read more about the stock price at

brainly.com/question/15327515?referrer=searchResults

#SPJ4

6 0
8 months ago
If the signaling theory of education is correct;
Snezhnost [94]

Answer:

C. workers with more years of formal schooling are less likely to be affected by ability, effort, and chance.

Explanation:

The <em>signalling theory in education</em> tells us that employees send "signals" to their employees regarding their education. In other words, employers are willing to pay higher wages to employees with additional years of formal schooling.

This means these qualified workers have their wage primarily defined by their education level, which does not always reflect their true skill-set (the output of ability and effort).

5 0
2 years ago
To edit a sentence for errors in​ spelling, a writer should
Naddika [18.5K]

Answer:

B

Explanation:

A is valid but i would be more worried about B when editing C and D say to fix something but it never says anything is wrong so the wording makes those answers wrong/very highly unlikely

3 0
2 years ago
Read 2 more answers
Other questions:
  • The per-unit standards for direct labor are 1.5 direct labor hours at $15 per hour. If in producing 2500 units, the actual direc
    15·1 answer
  • Among competing firms, a firm’s actions are considered strategic substitutes when: Group of answer choices an increase in one fi
    8·1 answer
  • Based on the description of Elm City​ Market's selection method for new​ employees, its best recruiting source would likely be​
    8·1 answer
  • 1. Explain why the title for a major OSHA is "Walking and Working Surfaces" instead of simply "Floors". Name 10 different walkin
    6·1 answer
  • Thayer Farms stock has a beta of 1.38. The risk-free rate of return is 3.87 percent, the inflation rate is 3.93 percent, and the
    8·1 answer
  • The use of debt is called A. financial leverage. B. production leverage. C. operating leverage. D. total asset turnover risk. E.
    11·2 answers
  • ________ is the stage of the new-product process that involves exposing actual products to prospective consumers under realistic
    7·1 answer
  • Which of the following statements about goods is FALSE? Question 1 options:
    7·1 answer
  • Which of the following is an example of an intrinsic reward? employee recognition employee stock option gainsharing bonus profit
    12·1 answer
  • If the Federal Reserve lowers the federal funds rate, what will happen to bank savings accounts?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!