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djverab [1.8K]
3 years ago
5

6. Global Exporters wants to raise $31.3 million to expand its business. To accomplish this, it plans to sell 15-year, $1,000 fa

ce value, zero coupon bonds. The bonds will be priced to yield 5.75 percent. What is the minimum number of bonds it must sell to raise the money it needs
Business
1 answer:
kvv77 [185]3 years ago
8 0

Answer:The minimum number of bonds it must sell to raise the money it needs will be 73,242 bonds

Explanation:

Number of bonds = Amount need to expand business / Bond price

But

Bond price = $1,000 / [1 + (0.0575 / 2)^(15 × 2)

Bond price = $1,000 / 1.02875 ^ 30

Bond price = $1,000 /2.340

Bond price = $427.350

Therefore the Number of bonds = $31, 300,000 / $427.350

Number of bonds= 73,242 bonds

The minimum number of bonds it must sell to raise the money it needs will be 73,242 bonds

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________ look at each budget as if it were brand new and require managers to justify each of the budgeted items. This process en
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A _____ occurs when two or more transactions wait for each other to unlock data.
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Condition of Deadlock

Explanation:

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Therefore, the deadlock condition happens or occurs when 2 or more transactions are waiting for each other to unlock the data.

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3 years ago
A company has a $20 million portfolio with a beta of 1.2. It would like to use futures contracts on a stock index to hedge its r
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Answer: 88.89 or 89

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Given the following ;

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Future value(A) = 1080 × 250 = 270000

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N = ($20,000,000×1.2)÷270000

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Answer:

the organization agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit.

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A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, cost reimbursable contract, etc.

In a cost reimbursable contract, the organization, which is the client agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit.

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