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
VikaD [51]
4 years ago
7

The $1,000 par value bonds of uptown tours have a coupon rate of 6.5 and a current price quote of 101.23. what is the current yi

eld?
Business
1 answer:
Paul [167]4 years ago
4 0

Hello, to get the current yield of the bond, determine first the<span> annual interest payment which is calculated as stated interest rate times the face value of the bond. In this question, the bond’s value is $1,000 and the stated interest rate is 6.5 percent, therefore, the annual interest payment is 65. Finally, the annual interest payment of 65 is divided by the current market price quote of 101.23 to get the current yield of 64.21%. Hope this helps.</span>

You might be interested in
Jamal Steel, a rapidly growing small steel company with annual revenues of $8 million is looking to buy a large industrial furna
Sloan [31]

Answer:

The correct answer is A. maker.

Explanation:

The manufacturing industry (manufacturing) is the production of added value of merchandise for use or sale using labor and machinery, tools, chemical and biological processes, or formulation. The term can refer to a wide range of human activities, from handicraft to high technology, but it is more commonly applied to industrial production, in which raw materials are transformed into finished products on a large scale. Such finished products can be used to manufacture other more complex products, such as airplanes, appliances or cars, or be sold to wholesalers, which in turn sell them to retailers, which they then sell to end users or consumers.

6 0
3 years ago
Which of the following is the correct formula for profit?
Lisa [10]

Answer:

(Sales volume * Price) – (Variable costs + Fixed costs)

Explanation:

Profit is equal to Total sales less Total costs .

Here, Total costs is the addition of Variable and Fixed costs

(Sales Volume x Price) - (Variable Costs + Fixed Costs).

3 0
3 years ago
Ethical formalists maintain that
andrew-mc [135]
Ethical formalists maintain that moral judgement should be based on logical form,that is,like laws that should be obeyed,rather then by their content,that is,judgement about activities or people.
3 0
3 years ago
Hydro Systems has 15-year bonds outstanding with a coupon rate of 6 percent. Interest is paid annually. The face amount of each
Leya [2.2K]

Answer:

A) 5.22 percent

Explanation:

The Pretax cost of debt is the Yield to maturity (YTM) of bond.

Using a financial calculator , you can solve for the YTM with the following inputs;

Face value ; FV = 1000

Maturity of bond; N = 15

Annual coupon payment; PMT = coupon rate * Face value =  6%*1000 = 60

Current price; PV = $1,080

then compute annual interest rate; CPT I/Y = 5.22%

7 0
3 years ago
If a firm is hiring inputs under purely competitive conditions, then any level of output will be produced with the least-cost co
Lunna [17]

Answer:

If a firm is hiring inputs under purely competitive conditions, then any level of output will be produced with the least-cost combination of resources A and B when:_____.

A

4 0
3 years ago
Other questions:
  • Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding
    10·1 answer
  • In business, a message written to right a wrong is called a claim. Straightforward claims are those where the receiver is expect
    9·1 answer
  • Kathy has taken a job with her ideal company and is excited to start in their sales department. During orientation, she is told
    7·1 answer
  • Which of the following statements is true of direct ownership? It allows transfer of power and management to firms in host count
    15·1 answer
  • The Turtle Society, a nongovernmental not-for-profit organization, receives numerous contributed hours from volunteers during it
    8·1 answer
  • Identify and explain two dufference between the public sector and private sector
    13·1 answer
  • The owner of a building supply company has requested a cash budget for June. After examining the records of the company, you fin
    9·1 answer
  • At the end of the year, the deferred tax asset account had a balance of $12.8 million attributable to a cumulative temporary dif
    5·1 answer
  • Explain how someone can be employed and still live below the poverty line.
    15·1 answer
  • Which of the following is the most appropriate topic to address in a college application essay?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!