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
Step2247 [10]
3 years ago
8

Baruch co. has 8% coupon bonds on the market that have 10 years left to maturity. The bonds will make annual payments. If the YT

M on these bonds is 6%, what is the current bond price
Business
1 answer:
IrinaVladis [17]3 years ago
5 0

Answer:

the current bond price is $1,147.20

Explanation:

The computation of the current bond price is shown below:

Given that

NPER = 10

RATE = 6%

PMT = $1,000 × 8% = $80

FV = $1,000

Here we assume the future value be $1,000

The formula is shown below:

= -PV(RATE,NPER,PMT,PV,TYPE)

After applying the above formula, the current bond price is $1,147.20

You might be interested in
A deep sea diving bell is being lowered at a constant rate. After 12 ​minutes, the bell is at a depth of 400 ft. After 50 minute
ella [17]

Answer: After 50 minutes the bell is at a depth of 2000 ft so we can find the average rate by

2000/50 =40 ft per minute.

We ignore the 400 ft in 12 minutes because that is included when we take out the average at 50 minutes and adding it in would be an error of doubly entry.

Explanation:

6 0
3 years ago
A rivalry based on the special interests of different areas is called _____
nalin [4]
<span>A rivalry based on the special interests of different areas is called sectionalism. Each rival has an region or section they possess and they are only interested in scenarios or situations concerning them. The rivalry comes from the fact that both parties may have opposite views on special interests or have had some sort of conflict in the past or present.</span>
4 0
3 years ago
Susan seller gave her agent a 60 days listing to sell her home for $200,000. the seller specified in the exclusions section of t
Kaylis [27]

Answer:

B) $647.47

Explanation:

The initial closing date was set for May 1st, but due to a problem with the buyer, it was moved to May 10th but that date was accepted by the seller. This means that the buyer should be responsible for the property taxes starting May 10th.

Property taxes per day = $1,832 / 365 days = $5.02 per day

Susan is responsible for paying 31 days in January, 28 days in February, 31 days in March, 30 days in April, and 9 days in May = 129 days x $5.02 = $647.47

The buyer is responsible for $1,184.53 in property taxes.

3 0
3 years ago
Rob has just received a check for $32,595. This is a return from an investment that he made 18 years ago. He was told that the r
Grace [21]

The original investment that Rob made was $4,981 with the rate of interest of 11% per year for 18 years.

<h3 /><h3>What do you mean by present value?</h3>

Present value (PV) refers to the current price of a future amount of money or move of cash flows given a certain price of return. Future cash flows are discounted at the discount price, and the better the discount price, the lower the present price of the future cash flows.

As per the given information:

A: $32,595

P: ?

r: 11%

n = 18 years

A=P(1+ \dfrac{r}{100} )^{n} \\\\32,595 = P(1+ 0.11)^{18} \\\\32,595 = P (1.11)^{18} \\\\32,595 = 6.5435P\\\\ P = \$4,981

Therefore, The original investment that Rob made was $4,981 with a rate of interest of 11% per year for 18 years.

learn more about present value:

brainly.com/question/20813161

#SPJ1

<h3 />

3 0
2 years ago
In an​ economy, the​ working-age population is 100 million.
Veronika [31]

Answer:

3.6%

Explanation:

The formula to compute the unemployment rate is shown below:

Unemployment rate = (Number of Unemployed workers) ÷ (Total labor force) × 100

where,  

Number of unemployed workers = 3 million

And, The labor force = 80 million + 3 million = 83 million

Now the unemployment rate is

= (3 million) ÷ (83 million)

= 3.6%

7 0
3 years ago
Other questions:
  • Tamara is 52 years old and her divorce became final on September 20, 2014 and has not been modified. The divorce decree stipulat
    12·1 answer
  • Nominal GDP, Exports, and Imports
    5·1 answer
  • The global-standardization strategy arises out of the combination of: Question 7 options: 1) high pressure for cost reductions a
    11·1 answer
  • 4. A company makes bicycles. It produces 450 bicycles a month. It buys the tires for bicycles from a supplier at a cost of $20 p
    6·1 answer
  • The __________ is the difference between money flowing into a country from exports, and money leaving the country for imports, p
    8·1 answer
  • Younie Corporation has two divisions: the South Division and the West Division. The corporation's net operating income is $90,10
    10·1 answer
  • If you are gonna make a product what would it be and why? (true situation)
    7·2 answers
  • A manufacturer reports the following costs to produce 10,000 units in its first year of operations:
    9·1 answer
  • Can somebody help me with my assignments
    6·1 answer
  • Assume that Swiss investors have francs available to invest in securities, and they initially view U.S. and British interest rat
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!