Hummer Company purchased a delivery truck. The total cash payment was $30,020, including the following items. Negotiated purchas
1 answer:
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Answer:
160
Explanation:
Given: CPI basket contain 400 oranges and 800 pens.
In the base year, price of oranges is $1 and pen is $0.75.
This year urban customer buy oranges at $2 each and pens at $1 each.
To find consumer price index (CPI), we need to check price of basket in current year and base year.
∴ Current year´s price for 400 oranges and 800 pens =
Now, adding the price to get cost of basket
Cost of basket in current year=
Base year´s price for 400 oranges and 800 pens=
Cost of basket in base year=
Next, calculating the CPI of this year
Formula; CPI=
CPI for the year =
∴ Consumer price index (CPI) = 160.
Answer:
the yield to maturity of this bond is 5.7%
Explanation:
given data
pays interest annually C = $64
face value F = $1,000
current market price P = $1,062.50
bond matures n = 30 years
solution
we get here yield to maturity that is express as
yield to maturity =
yield to maturity = [C+ (F-P) ÷ n] ÷ [(F+P) ÷ 2 ] .................1
put here value and we get
yield to maturity = ÷
yield to maturity = 0.057
so that the yield to maturity of this bond is 5.7%