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3 years ago

Why are cooperatives formed?

Business

2 answers:

tatyana61 [14]3 years ago

8 0

To work together for the greater good of a community.

Hunter-Best [27]3 years ago

4 0

Be us to people can work together to the the same output with less work

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Miller Corporation has a premium bond making semiannual payments. The bond pays a coupon of 10 percent, has a YTM of 8 percent,

Degger [83]

Answer:

Miller Bond:

Today: 1,166.63

1-year 1,159.83

4-years 1,135.90

9-years 1,081.11

13-years 1,018.86

14-years 1,000 (maturity)

Modigliani Bond

Today: 851.01

1-year 856.25

4-years 875.38

9-years 922.78

13-years 981.41

14-years 1,000 (maturity)

Explanation:

The present value will be the discount coupon payment and maturirty at the YTM rate:

Miller Bond:

The coupon payment are calcualte as ordinary annuity

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 50.00 (1,000 x 10% / 2)

time 28 (14 years x 2 payment per year)

rate 0.04 (8% YTM / 2 payment per year)

$50 \times \frac{1-(1+0.04)^{-28} }{0.04} = PV\\$

PV $833.1532

While Maturity, using the lump sum formula

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $1,000.00

time 28 semesters

rate 0.04

$\frac{1000}{(1 + 0.04)^{28} } = PV$

PV 333.48

PV coupon $833.1532 +PV maturity $333.4775 = Total $1,166.6306

For the subsequent time we must adjust t

in one year, there will be 26 payment until maturity

$50 \times \frac{1-(1+0.04)^{-26} }{0.04} = PV\\$

PVcoupon $799.1385

$\frac{1000}{(1 + 0.04)^{26} } = PV$

PVmaturity 360.69

Total $1,159.8277

As the bond get closer to maturity it will get closer to face value until maturity when it will equalize it.

We recalculate the same formula with values of:

in 4-year : then 10 years to maturity t = 20

in 9-years: then 5 years to maturity t= 10

in 13-years: 1 year to maturity t = 2

at 14 years: is maturity date so equals the face value of 1,000

Remember: there are two payment per year.

Same process will be done with Modigliani bond:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 1,000 x 8% / 2 payment per year : 40.00

time: 14 years x 2 payment per year = 28 payment

rate 10% annual rate /2 = 0.05

$40 \times \frac{1-(1+0.05)^{-28} }{0.05} = PV\\$

PV coupon $595.9251

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $ 1,000.00

time 28 semester

rate 0.05

$\frac{1000}{(1 + 0.05)^{28} } = PV$

PV maturity 255.09

PV coupon $595.9251 + PV maturity $255.0936 = Total $851.0187

and then we calcualte for the same values of t we are asked for the Miller bond.

8 0

4 years ago

A broker's listing agreement specifies that a 5Â½% commission is to be paid on the sale price. The sales associate for the firm

tino4ka555 [31]

The amount that the sales associate earn if she sells the property for $369,000 is $11,162.25.

Sales associate's commission

First step find the total commission

Total commission=$369,000 sale price × .055 rate

Total commission= $20,295

Second step find the sales associate's commission

Sales associate's commission=$20,295 total commission × .55 split

Sales associate's commission=$11,162.25

Inconclusion the amount that the sales associate earn if she sells the property for $369,000 is $11,162.25.

Learn more about sales associate's commission here:brainly.com/question/930797

5 0

2 years ago

Explain how the adjust row amounts feature helps in creating qb accountant budgets

Tpy6a [65]

The adjust row amounts feature helps in creating Quick books accountant budgets as it makes updating budgets much faster and allows for consistency and easy use.

Now you'll start making adjustments. If you're starting your budget from scratch, and therefore the monthly amount is the same, you'll be able to enter the primary month. Then click “Copy Across” and therefore the amount will populate for the complete year. Or, if you have already got data from a previous year, you'll be able to click “Adjust Row Amounts” and choose to extend or decrease the monthly amount by a particular amount or percentage. This makes updating budgets much faster and allows for consistency and easy use.

The adjust row amounts feature helps in creating Quick books accountant budgets as it makes updating budgets much faster and allows for consistency and easy use.

To learn more about this Quick Books Accountants Budgets, visit the following link:

brainly.com/question/24441347

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4 0

1 year ago

When is going to be why would you put money into saving account

OlgaM077 [116]

When I get a job and so you will have money set aside for when the government comes and takes everything you own.

4 0

4 years ago

Identify the marketing research technique implied in the scenario. Tiara is planning to open a small café in her neighborhood. H

AnnyKZ [126]

Answer:

demographic and psychographic segmentation

Explanation:

Tiara's target market is based on age (demographic) and interests (psychographic)

5 0

4 years ago