Answer: The coupon rate is 13%
Explanation:
We would first calculate the Coupon Payment and then later using the coupon payment we would compute the Coupon rate.
PV = 
+ A [![[\frac{1-\frac{1}{(1+r)^{N} } }{r} ]](https://tex.z-dn.net/?f=%5B%5Cfrac%7B1-%5Cfrac%7B1%7D%7B%281%2Br%29%5E%7BN%7D%20%7D%20%7D%7Br%7D%20%5D)
]
Where,
FV = $1,000
PV = $1,291.31
r = 8%
N = 8 Years
A = Coupon Payment
1291.31 = 
+ A ![[\frac{1-\frac{1}{(1+0.08)^{8} } }{0.08} ]](https://tex.z-dn.net/?f=%5B%5Cfrac%7B1-%5Cfrac%7B1%7D%7B%281%2B0.08%29%5E%7B8%7D%20%7D%20%7D%7B0.08%7D%20%5D)
Solve for A
A = 130.69
The coupon payment is $130
Coupon rate = (Coupon payment / Face value) x 100
= 
x 100
= 13 %
Answer:
Her consumption spending will rise by $1.40
Explanation:
Marginal propensity to consume is 0.7. This information means that the individual will consume 70% of every single dollar she earns. Hence, if she consumer earns an extra $2, her consumption spending will rise by $1.40
Answer: C. Franklin D. Roosevelt.
Explanation:He is the president of the United States of America between(January, 1882 to April 1945),he is the 32nd president who signed into law the progressive income tax. Progressive income tax ensures that as a person or a business entity,your tax will increase in proportion to your income. Many persons have come to accept this system as a fair system ensuring that low income earners are protected by the tax system.
Answer:
Chasing money everyday.
Ignoring sleep.
Being connected too much to the internet or to someone.
Not exercising enough once in a while.
Being overconfident a little to much.
Explanation:
Answer:
Faithful representation
Explanation:
Financial reports represent economic phenomena in words and numbers. To be useful, financial information not only must represent relevant phenomena, but it also must faithfully represent the phenomena that it purports to represent. To be a perfectly faithful representation, a representation would have three characteristics; It would be complete, neutral, and free from error.
A complete representation includes all information necessary for a user to
understand the phenomenon being represented, including all necessary descriptions and explanations.
A neutral representation is without bias in the selection or presentation of financial information.
Free from error means there are no errors or omissions in the description of the phenomenon, and the process used to produce the reported information has
been selected and applied with no errors in the process.
