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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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Consider the market for labor depicted by the demand and supply curves that follow. Use the calculator to help you answer the fo
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Suppose a senator considers introducing a bill to legislate a minimum hourly wage of $12.50.

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This will result in a surplus of labor (625,000 higher than 375,000)

Which of the following statements are true?

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Behaving in an acceptable manner within a workplace environment is refered to as workplace etiquette.
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A good leader must understand that currently companies are increasingly responsible for their micro and macro environment, which configures them as active agents for positive change in the world. Therefore, the ideal is that managers consider adopting current practices that use modern communication and intelligence systems to make work easier and more agile, in addition to promoting continuous improvement in all organizational processes, avoiding waste and negative impacts on the environment, establishing social programs and environmental protection practices, in order to attest its value to stakeholders.

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Answer:

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