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iris [78.8K]
3 years ago
13

You are given the following data on US Treasury. The maturity date is May 15, 2041. The asked yield-to-maturity is 2.128%. The c

oupon rate is 2.35%. You agree to buy the bond June 21, 2021. Assume T 2. Par is $1,000. What is the clean (flat) price
Business
1 answer:
babunello [35]3 years ago
5 0

Answer:

$1,035.84

Explanation:

Number of years to maturity (Nper) = 20

Annual Coupon payment (PMT) = 1000*2.35% =$23.50

Payment at maturity (FV) = $1000

Yield to maturity (Rate) = 2.13%

<em>Using the MsExcel Present value function</em>

Clean(flat) price = PV(Nper, PMT, FV, Rate)

Clean(flat) price = PV(20, 23.50, 1000, 2.13%)

Clean(flat) price = 1035.8436

Clean(flat) price = $1,035.84

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The process of accomplishing the goals of an organization through the effective use of people and other resources is
Licemer1 [7]

Answer:

the process of accomplishing the goals of an organization through the effective use of people and other resources. involves analyzing information, setting goals, and making decisions about what needs to be done. ... determines to what extent the business is accomlishing the goals it set out to reach in the planning stage.

Explanation:

I've explained enough on top.

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3 years ago
Fill in the correct terms to complete the description of Mischa going through the home-buying process Mischa wants to buy a home
kotegsom [21]
Mischa needs to find Down Payment to become Eligible for a mortgage.

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5 0
3 years ago
Read 2 more answers
Metlock, Inc. purchases land for $430000 cash. The clinic assumes $4600 in property taxes due on the land. The title and attorne
m_a_m_a [10]

Answer:

The recorded balance will be = $445500

Explanation:

We have given that Metlock purchases the land for cash $430000

Property tax = $4600

The title and attorney fee = $2900

The clinic had a land graded for $8000

We have to find the amount the Metlock lnc record as the cost of land

The record will be equal to = $430000+$4600+$2900+$8000= $445500

So the recorded balance will be = $445500

5 0
3 years ago
The price quotations of Treasury bonds in the Wall Street Journal show a bid price of 104.5313 and an ask price of 104.5489.
SOVA2 [1]

Answer:

b) $1,045.31

Explanation:

The computation of the receiving amount is shown below:

Amount = Bid price × par value

where,

We assume the par value is $1,000

So, the amount equal to

= 104.5313 × $1,000

= $1,045.31

The bid price is the price at which the bank is purchased the financial security from the investor. Here the selling price is for the investor and the buying price is for the buyer

8 0
4 years ago
An important goal of a responsibility accounting framework is to help ensure which of the following?
MariettaO [177]
<h2>segment and company financial goals are congruent.</h2>

Explanation:

I think the options are missed and hence given below for your reference:

a) decision-making is made by the top executives.

b) investments made by each segment are minimized.

c) identification of operating segments that should be closed.

d) segment and company financial goals are congruent.

Let us understand the meaning:

Congruent: It means two or more things coincides when superimposed.

Financial goals: The target which needs to be achieved in the current financial year.

Segments: Segment speaks about the location, product or service provided by the company.

Financial goals are necessary so that it would be easy to organize and work towards the specific goal.

For the business goal to be achieved, every organization should frame financial targets or goals.

So the important goal is to achieve segment and company financial goals and they become congruent when achieved.

3 0
4 years ago
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