What are the objectives of HRM?
1 answer:
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Answer:
$4,420.35
Explanation:
Bond Price =
Where:
- C = Coupon
- r = Yield to Maturity
- n = compounding periods to maturity
Now we plug the amounts into the formula =
Answer:
The correct answer is D.
Explanation:
Equity = $231,000
No. of outstanding shares = 5,000
Price of share =
Price of share = $46.2
Repurchased shares worth $18,000
No. of shares repurchased =
No. of shares repurchased = 390
When the shares would have been repurchased then the value of equity would decrease by the same amount.
Revised equity = $231,000 - $18,000
Revised equity = $213,000
No. of shares outstanding = 5,000 - 390
No. of shares outstanding = 4,610
Thus, the price of each share would be:
Share price =
Share price = $42.60