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
Inessa05 [86]
3 years ago
10

A coupon bond with 12 years remaining to maturity has a yield to maturity of 6% and a face value of $1,000 that is returned to t

he bondholder at maturity. The bond has a current price of $820.
Which of the following comes closest to the coupon payment of this bond?

A) $32.98 B) $38.53 C) $40.92 D) $43.30 E) $45.69

Business
1 answer:
skelet666 [1.2K]3 years ago
6 0

Answer:

B) $38.53

Explanation:

We use the PMT Formula for this question. The calculation is presented on the attachment below:

Data provided in the question  

Present value = $820

Future value = $1,000

Rate of interest = 6%

NPER = 12 years

The formula is shown below:

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

The present value come in negative

So, after solving this, the coupon payment of this bond is $38.53

You might be interested in
Zander Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold at
Margarita [4]

Answer:

Find attached complete question:

The correct option is A,$ 746,200

Explanation:

The total standard costs for the whole items of inventory completed in the month of July is the sum of the beginning balance of inventory plus direct materials costs, direct labor cost as well as manufacturing overhead cost applied.

Total cost of completed units=$44,100+$564,900+$195,300+$315,000=$ 1,119,300.00  

standard cost per unit=$1,119,300.00/21000=$53.3

Cost of goods sold(unadjusted)=$53.3 *14,000=$ 746,200.00  

6 0
3 years ago
Kenny, Inc., is looking at setting up a new manufacturing plant in South Park. The company bought some land six years ago for $8
Alisiya [41]

Answer:

$35,010,000

Explanation:

Calculation for the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project

Cash flow = $11.4 million + $22.6 million + $1,010,000

Cash flow = $35,010,000

Therefore the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project is $35,010,000

4 0
2 years ago
A concentration of minerals that could now be legally mined at a profit is called a.
lorasvet [3.4K]

Answer:

Reserve. resource

Explanation:

concentration of natural minerals in or on the crust of the Earth with potential to be extracted for profit.

7 0
2 years ago
True or False: Most of the value added included in GDP in the United States is added by businesses rather than consumers.
shtirl [24]
The answer to this is true
7 0
3 years ago
Where would you find every escrow entry showing the running balance after each receipt or disbursement?
spin [16.1K]
<span>You will find every escrow entry showing the running balance after each receipt or disbursement in a journal kept by the sponsoring broker. This journal must show the chronological order of the transactions when funds are received or disbursed by the sponsoring broker.</span>
7 0
3 years ago
Other questions:
  • How are the objectives of lean manufacturing achieved? a. Supplier partnering b. Employee involvement c. Product-oriented produc
    15·1 answer
  • Park co. shipped inventory on consignment to recreations co. that cost $50,000. recreations paid $1,200 for advertising that was
    11·1 answer
  • In the diluted earnings per share computation, the treasury stock method is used for options and warrants to reflect assumed rea
    14·1 answer
  • "___________________ are key to completing a full risk management plan, since the tolerances will determine which hazards may be
    10·1 answer
  • ABC Retail stocks and sells its own brand of personal computers. It costs the firm $600 each time it places an order with a manu
    9·1 answer
  • Give me atleast 2 question about mice industry
    13·2 answers
  • The equipment and structures available to produce goods and services are called
    14·1 answer
  • Capital State University agreed to pay for Irene to attend their school and play lacrosse for their team. As part of their arran
    12·1 answer
  • John paid $60,000 to replace the roof on a warehouse he used in his business. In addition, he spent $12,500 to demolish and remo
    15·2 answers
  • Investing money in a retirement fund is part of a plan for achieving _____. A. Immediate goals b. Long term goals c. Short term
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!