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Simora [160]
3 years ago
12

Assume that a $1,000,000 par value, semiannual coupon U.S. Treasury note with four years to maturity has a coupon rate of 4%. Th

e yield to maturity (YTM) of the bond is 7.70%. Using this information and ignoring the other costs involved, calculate the value of the Treasury note
Business
1 answer:
Veronika [31]3 years ago
7 0

Answer:

$8,744,669.10

Explanation:

<em>Using the MS Excel Present value function</em>

Value of the note = PV(Rate, Nper, PMT, -FV, Type)

Value of the note = PV(7.7%/2, 4*2, -1000000*4%/2, -1000000)

Value of the note = 8744669.0978

Value of the note = $8,744,669.10

So, the value of the Treasury note is $8,744,669.10

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D. Disparate treatment

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Answer:

The correct answer is B: the jobs produced during the period have been under-costed

Explanation:

Giving the following information:

If manufacturing overhead has been under-allocated during the period, then which of the following is true?

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3 years ago
On April 30, Gomez Services had an Accounts Receivable balance of $31,200. During the month of May, total credits to Accounts Re
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