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qwelly [4]
3 years ago
5

Madsen Motors's bonds have 21 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon i

nterest rate is 12%, and the yield to maturity is 15%. What is the bond's current market price

Business
1 answer:
GarryVolchara [31]3 years ago
4 0

Answer:

$810.63

Explanation:

For computing the current market price we need to use the present value formula i.e to be shown in the attachment below

Provided that,  

Future value = $1,000

Rate of interest = 15%

NPER =  21 years

PMT = $1,000 × 12% = $120

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula, the bond current market price is $810.63

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The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of mai
Deffense [45]

Answer:

Variable cost per unit= $2.27 per machine hour

Explanation:

Giving the following information:

January 3,041 $4,032

February 3,456 $4,608

March 4,147 $6,912

April 5,184 $9,101

May 3,686 $5,760

June 5,322 $9,216

To calculate the unitary variable cost, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (9,216 - 4,032) / (5,322 - 3,041)

Variable cost per unit= $2.27 per machine hour

3 0
3 years ago
You earn $420 per week. you put socual security taxes
Drupady [299]
2940 would be 420 per week
4 0
3 years ago
LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 3.5 hours of direct labor at the r
swat32

Answer:

The correct option is D

Labour budget = $1,974,175

Explanation:

The labour budget is the product of the standard labour cost per unit and the budgeted production in units

Labour budget = standard labour cost× production budget in unit

The production budget can bed determined by adjusting the sales budget for closing and opening inventories.  

Production budget = Sales budget +closing inventory - opening inventory

Production budget = 39,000 + 100 -200 = 38,900 units

Labour budget = $14.50× 3.5× 38,900 = $1,974,175

Labour budget = $1,974,175

6 0
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Which of the following allows the insurer to relieve a minor insured from premium payments if the minor's parents have died or b
loris [4]

Answer:

The correct answer is a) Payor Benefit

Explanation:

When the payor dies or becomes disabled, the insurer will suspend the premiums until the child reaches 19 years old, the child must be under age 18, or up to age 19 and still attending high school. Usually, the payor is a parent (father, mother, brothers).

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This graph shows the market for pollution when permits are issued to firms and traded in the marketplace. The equilibrium number
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Please attach the graph if you can. Otherwise, I cannot answer this question
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