Answer:
$1,101.58
Explanation:
Tenor: 30 times (15-year maturity * 2 for semiannual)
Coupon rate: 7.25% semiannual -> coupon received semiannual (PMT) = $1,000 * 7.25%/2 = $36.25
Face value (FV): $1,000
Yield To Date (YTD): 6.20% semiannual -> YTD per semiannual = 3.1% (=6.20%/2)
Bond’s price = present value of bond + present value of total coupon received semiannual
Present value of bond = FV/(1+ YTD) ^tenor = 1000/(1+3.1%)^30 = $400.1659
present value of total coupon received semiannual = 36.25/(1+3.1%)^30 + 36.25/(1+3.1%)^29+ ….. + 36.25/(1+3.1%)^1 = $701.4189
(we can use excel to calculate the PV of coupon received = PV(rate,tenor,-PMT) = PV(3.1%,30,-36.25) = 701.42)
⇒ Bond’s price = $400.1659+ $701.4189= $1,101.58
Answer:
value of company inventory = $2600
so correct answer is B) $2,600
Explanation:
given data
normal selling price = $20
selling price fallen = $15
current inventory = 200 units
purchased = $16 per unit
cost fallen = $13 per unit
solution
we know that context inventory meaning is that inventory is reported the lower cost or the replacement cost
here lower is replacement cost = $13
so value of company inventory at lower of cost will be
value of company inventory = 200 units × $13
value of company inventory = $2600
so correct answer is B) $2,600
Answer:
10.23%
Explanation:
Formula for computation of equivalent taxable yield is r = rm/1-t. Where the tax rate is t, rm is Yield on municipal bond and r is Tax equivalent yield
r = rm/1-t
r = 6.75% / 1 - 34%
r = 6.75% / 0.66%
r = 10.22727272727273%
r = 10.23%
So, the equivalent taxable yield to a taxpayer in a combined federal plus state 34% tax bracket is 10.23%.
Answer:
A) Persistent.
C) Hard-working.
D) Creative.
Explanation:
In the given situation, it is mentioned that an individual wants to start a business that deals in hats and mittens so the needs of the children could be fulfilled. But for that, we need to find out a cofounder that should be have following traits and characteristics
a. Persistent: The person should be trying his best o achieve it rather than escape from it
b. he should be hardworking so that every child's need could be fulfillled
c. He should be creative or we can say who bring innovative ideas to the firm so that the people get attracted to the company products so that the sale of the firm could rise up
