Answer:
1.22%
Explanation:
The modified duration of the bond gives an indication of change in price due to a 1% change in the yield to maturity,hence, the bond modified duration is computed using the formula below:
modified duration=Macaulay Duration/(1+YTM)
Macaulay Duration=4.2
YTM(initial)=3%
modified duration=4.2/(1+3%)= 4.08
That for 1% change in yield to maturity price would change 4.08%
0.3% change in yield(3.3%-3%)= 4.08%*0.3%=1.22%
Answer and Explanation:
The journal entries are shown below:
A. Equipment $24,500 ($25,000 × 98%)
To Accounts Payable $24,500
(Being the equipment is purchase on account)
B. Equipment $24,545
Discount on Notes Payable $2,455
To Note Payable $27,000
(Being note payable is recorded)
C. New Equipment $24,500
Accumulated Depreciation $8,000
Loss on Equipment $3,500
To Cash $22,000
To Old Equipment $14,000
(Being equipment is recorded)
D. Equipment $24,000
To Common Stock $24,000
(Being equipment purchased)
Answer:
B. This genetic mutation codes for the production of a protein that provides resistance to the disease.
Explanation:
The firm MorningStar investment reports track thousands of Mutual funds, issue on monthly reports and issues reports on safety, financial performance, and other important information that investors can use.
<h3>What is
MorningStar investment?</h3>
It is a financial institution that deals in offering of financial services to the clients.
Hence, the firm reports track thousands of Mutual funds and issue monthly reports, issue on monthly reports and issues reports on safety, financial performance, and other important information that investors can use.
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