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Zielflug [23.3K]
3 years ago
9

South Carolina Industrial Products' bonds have a 7.00 percent coupon and pay interest annually. The face value is $1,000 and the

current market price is $1,062.50 per bond. The bonds mature in 16 years. What is the yield to maturity
Business
1 answer:
skelet666 [1.2K]3 years ago
3 0

Answer:

YTM = 0.06409 or 6.409% rounded off to 6.41%

Explanation:

The YTM or yield to maturity is the yield or return that the bond will provide if it is purchased today and held till maturity. The formula to calculate the YTM will be,

YTM = [ (C + (F - P)/n)  /  ((F + P)/2) ]

Where,

  • C is the coupon payment
  • F is the face value of the bond
  • P is the current value
  • n is the number of years to maturity

Coupon = 1000 * 0.07 = 70

YTM =  [ (70 + (1000 - 1062.50)/16)  /  ((1000 + 1062.50)/2) ]

YTM = 0.06409 or 6.409% rounded off to 6.41%

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The Cost of Quality Report is as follows:

Quality Cost                 Quality     Percentage of                  Percentage of

Classification                  Cost        Quality Cost                      Total Sales

Prevention                  $98,600     20% ($98,600/$493,000)     3.4%

Appraisal                       49,300     10% ($49,300/$493,000)       1.7%

Internal Failure           246,500     50% ($246,500/$493,000)  8.5%

External Failure            98,600     20% ($98,600/$493,000)     3.4%

Total Quality Costs $493,000     100%                                       17.0%

Data and Calculations:

Inspecting cleanliness of rooms                             $49,300 (Appraisal)

Processing lost customer reservations                   98,600 (External failure)

Rework incorrectly prepared room service meal 246,500 (Internal failure)

Employee training                                                    98,600 (Prevention)

Total                                                                     $493,000

Sales                                                                 $2,900,000

Percentage of Quality Cost = Quality Cost/Total Quality Cost * 100

Percentage of Total Sales = Quality Cost/Total Sales * 100

Thus, the cost of quality report is an appraisal of how the hotel uses its resources to prevent poor quality, including its internal and external failures.

Learn more about cost of quality report here: brainly.com/question/23775957

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