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devlian [24]
3 years ago
7

You are buying a bond at a clean price of $1,140. The bond has a face value of $1,000, a coupon rate of 3.8 percent, and pays in

terest semiannually. The next coupon payment is one month from now. What is the dirty price of this bond
Business
1 answer:
DanielleElmas [232]3 years ago
8 0

Answer:

$1,155.83

Explanation:

The computation of dirty price of this bond is shown below:-

Clean Price = $1,140  

Face Value = $1,000  

Interest = 3.80%  

Interest for 5 month = Face Value × Interest × Time  

$1,000 × 3.8% × 5 ÷ 12  

$15.83  

Dirty Price = Clean Price + Accrued Interest

= $1,140 + $15.83  

= $1,155.83

Therefore for computing the dirty price of bond we simply add clean price with accrued interest.

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Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 50,000 ounces from the
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Answer:

The number of ounces started and completed during the period is <u>42,000 ounces</u>.

Explanation:

The number of ounces started and completed during the period can be computed by simply deducting the beginning work in process from the number of ounces completed.

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3 years ago
Which job requires a college degree?
nadya68 [22]
Geochemist is the answer your looking for
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3 years ago
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A decrease in the price of domestically produced industrial robots will be reflected in a. both the GDP deflator and the consume
andrezito [222]

Answer:

The correct answer is option c.

Explanation:

A consumer price index measures the change in the price level of weighted average of a basket of goods and services purchased by the consumers.  

GDP deflator measures the change in the price of all domestically produced goods and services.  

A change in the price of domestically produced industrial robots will be included in the GDP deflator as it includes the prices of all domestically produced goods and services.  

But it will not be included in the CPI as the industrial robots are not purchased by consumers in households, they are not consumer goods.

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Upon customer request, a dealer in a competitive municipal syndicate must disclose:__________.
soldi70 [24.7K]

Answer:

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The underwriter must follow the issuer's priority of orders in allocating purchase orders for municipal bonds.

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This shows transparency of the process to the investor as he now knows when each order will be filled.

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