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Ulleksa [173]
3 years ago
5

McConnell Corporation has bonds on the market with 18 years to maturity, a YTM of 9.8 percent, a par value of $1,000, and a curr

ent price of $1,326.50. The bonds make semiannual payments. What must the coupon rate be on these bonds

Business
1 answer:
djyliett [7]3 years ago
4 0

Answer:

13.70%

Explanation:

We use the PMT formula which is to be shown in the attachment

Given that,  

Present value = $1,326.50

Future value = $1,000

Rate of interest = 9.8%  ÷ 2 = 4.9%

NPER = 18 years × 2 = 36 years

The formula is shown below:

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

The present value come in negative

So, after solving this, the PMT is

= $68.48  × 2

= $136.92

Now the coupon rate is

= $136.92 ÷ $1,000

= 13.70%

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The Southside Corporation budgeted 4,400 pounds of direct materials to make 2,600 units of product. The company actually used 4,
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Answer:

$3.75

Explanation:

As we already know that

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3 years ago
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is the correct answer .

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6 0
2 years ago
Which of the following is an example of a hidden variable? Quality of life is a hidden variable because it cannot be measured di
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Answer:

<u>Quality of life is a hidden variable because it cannot be measured directly but must be inferred from measurable variables such as wealth, success, and environment. </u>

Explanation:

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