1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Murrr4er [49]
3 years ago
13

A 10,000 par value bond with coupons at 8%, convertible semiannually, is being sold three years and four months before the bond

matures. The purchase will yield 6%convertible semiannually to the buyer. The price at the most recent coupon date, immediately after the coupon payment, was 5,640.Calculate the market (quoted) price of the bond.
Business
1 answer:
konstantin123 [22]3 years ago
6 0

Answer:

$9,124.94

Explanation:

the clean price of the bond two months ago was $5,640.

Currently, interest rate have changed and the price of the bond has changed:

the semiannual yield is 4%, that means that the bimonthly yield = 1.04 = (1 + r)³

1 + r = 1.0132

r = 0.0132

the current price of the bond:

PV of face value = $10,000 / (1 + 0.0132)²⁰ = $7,693.01

PV of coupon payments = ($300 x {[1 - (1 + 0.04)⁻⁶] / 0.04}) / (1 + 0.0132)² = $1,572.64 / (1 + 0.0132)² = $1,531.93

minus accrued interests (dirty price) = $300 x 1/3 = $100

Market value of bond = $9,124.94

You might be interested in
consider a country that produces only wheat and corn. Based on the data in the table, the growth rate of nominal GDP from 2005 t
kodGreya [7K]

Answer: There a'int no Table. :/

6 0
2 years ago
The most likely cause of a shift of a production possibilities frontier of an economy ab to cd is:_________
MaRussiya [10]

The cause of a shift of a production possibilities frontier of an economy ab to cd is unemployment.

If an economy keeps growing its capital stock/range of employees/generation/herbal resources, then over the years its manufacturing possibilities curve will: shift to the proper .e shift of the frontier from A to B was maximum in all likelihood due to unemployment

. The curve bows outwards due to the law of increasing opportunity fee, which states that the quantity of an amazing which must be sacrificed for every additional unit of any other suitable is extra than become sacrificed for the preceding unit.

production possibilities curve. a graph or financial model that shows the most combinations of products and offerings, any two categories of goods, that can be produced from a set quantity of assets.

Learn more about the economy  here:brainly.com/question/1106682

#SPJ1

3 0
1 year ago
The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale
Vilka [71]

The Journal Entries to record the transactions for Wainwright Corporation in the month of March 2021 are as follows:

Journal Entries:

a. Debit Cash $600,000

Credit Common Stock $600,000

To record issuance of 60,000 shares of non-par common stock for cash.

b. Debit Equipment $100,000

Credit Cash $25,000

Credit Notes Payable $75,000

To record the purchase of equipment.

c. Debit Inventory $182,000

Credit Accounts Payable $182,000

To record the purchase of inventory on account.

d. Debit Accounts Receivable $270,000

Credit Sales Revenue $270,000

To record the credit sales for the month.

d. Debit Cost of Goods Sold $162,000

Credit Inventory $162,000

To record the cost of goods sold.

e. Debit Rent Expense $8,000

Credit Cash $8,000

To record the payment of rent on the warehouse building.

f. Debit Prepaid Insurance $8,050

Credit Cash $8,050

To record the prepayment of insurance for one year, from April 1, 2021.

g. Debit Accounts Payable $162,000

Credit Cash $162,000

To record payment on account.

h. Debit Cash $121,500

Credit Accounts Receivable $121,500

To record receipt of cash on account.

i. Debit Depreciation Expense $2,500

Credit Accumulated Depreciation $2,500

To record depreciation expense for the month.

Data Analysis:

a. Cash $600,000 Common Stock $600,000

b. Equipment $100,000 Cash $25,000 Notes Payable $75,000

c. Inventory $182,000 Accounts Payable $182,000

d. Accounts Receivable $270,000 Sales Revenue $270,000

d. Cost of Goods Sold $162,000 Inventory $162,000

e. Rent Expense $8,000 Cash $8,000

f. Prepaid Insurance $8,050 Cash $8,050

g. Accounts Payable $162,000 Cash $162,000

h. Cash $121,500 Accounts Receivable $121,500

i. Depreciation Expense $2,500 Accumulated Depreciation $2,500

Read more about recording journal entries at brainly.com/question/17201601

4 0
2 years ago
A few days before the end of the term of a two-year NDA (non-disclosure agreement) he signed with a startup company related to a
Tom [10]

Answer:

Explanation:

If I was Frank I wouldn’t have disclosed the information from one company to the next, it is unethical and with an NDA information shouldn’t be passed on. Even though, it may have been an opportunity for the company he got hired and a threat to the company he disclosed the information from.

5 0
3 years ago
Read 2 more answers
Periodically, merrill lynch customers are asked to evaluate merrill lynch financial consultants and services. Higher ratings on
padilas [110]

a) Null hypothesis (\mu _{a} \leq \mu _{b}) for merrill lynch customers are given as

Alternative hypothesis:\mu _{a} > \mu _{b}

t =\frac{6.82-6.25}{\sqrt{\frac{0.64^{2}}{16}} + \sqrt{\frac{0.75^{2}}{10}} }

t = 1.992

<h3>What is null hypothesis?</h3>
  • Conjectures used in statistical tests, which are formal techniques for drawing conclusions or making judgments based on data, include the null hypothesis and the alternative hypothesis.
  • The hypotheses, which are based on a sample of the population, are suppositions regarding a statistical model of the population. The tests are essential components of statistical inference and are frequently used to distinguish between statistical noise and scientific claims when interpreting experimental data in science.
  • The null hypothesis, which is the statement being tested in a test of statistical significance, is typically a declaration of "no effect" or "no difference," and the test of significance is intended to evaluate the strength of the evidence against it

Know more about Null hypothesis

brainly.com/question/19263925

#SPJ4

3 0
2 years ago
Other questions:
  • 1. Read the following scenario and answer the question in 5-10 sentences.
    10·1 answer
  • The average noise level in a diner is 30 decibels with a standard deviation of 6 decibels. ninety-nine percent of the time, the
    13·1 answer
  • Mackenzie resolves to start exercising three times a week when her membership at a local gym begins, in two weeks. in which stag
    6·1 answer
  • A(n) ________ is thought of as an overarching system of formal and informal relationships within which the firm participates to
    11·1 answer
  • "marketing personnel and product designers must work closely with operations to successfully develop and produce new products be
    15·1 answer
  • Head-First Company plans to sell 5,100 bicycle helmets at $72 each in the coming year. Variable cost is 62% of the sales price;
    14·1 answer
  • I need help with these questions.
    11·1 answer
  • 18. Which group of words best describes wants?
    15·1 answer
  • The specification of a maximum amount of a commodity or product which may be imported into a country in any period of time is a
    5·1 answer
  • On January 2, Dice Co. purchases a mixing machine for $25,500. The machine is expected to last four years and has a salvage valu
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!