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
ANTONII [103]
2 years ago
14

The market price of a semi-annual pay bond is $987.58. It has 14.00 years to maturity and a coupon rate of 7.00%. Par value is $

1,000. What is the effective annual yield?
Business
1 answer:
Volgvan2 years ago
8 0

Answer:

7.12%

Explanation:

ffective annual yield = (1+i/m)m - 1

i = coupon rate = 7%

m = compounding frequency = 2

Effective annual yield = (1+0.07/2)^2 - 1

Effective annual yield = (1+0.035)^2 - 1

Effective annual yield = (1.035)^2 - 1

Effective annual yield = 1.071225 - 1

Effective annual yield = 0.071225

Effective annual yield = 7.12%

You might be interested in
Ceramic Customs Co. requires a specific type of ceramic to make custom-made tiles. Since only one supplier makes that particular
kramer

Answer:

a. The supplier has more bargaining power than the firm.

Explanation:

This is an example of one of Porters' five forces. The supplier has a monopoly and thus entertains a high market share. This means that the supplier has more bargaining power than the firm as if the firm wants the ceramic there are no alternative options available for the firm; however, if the firm does not want supplies, the supplier can find plenty of firms that may need the ceramic thus making supplier more powerful than the firm.

Hope that helps.

4 0
3 years ago
Abardeen Corporation borrowed $90,000 from the bank on October 1, 2018. The note had an 8 percent annual rate of interest and ma
TiliK225 [7]

Answer:

Interest paid in cash in 2018 = $0

Interest recognized on the Income statement = $1,800

Liabilities recognized = $90,000

Amount paid for Principal and interest = $93,600

Interest reported on 2019 Income statement = 1800

Explanation:

Interest paid in cash in 2018 is zero because interest and principal were paid in cash on the maturity date.

Interest recognized in 2018 = 90000*0.08*3/12 = $1800

liabilities are recognized at original amount because the interest is not capitalized and no payment made thus far.

Amount paid on maturity date is 93,600 ( 90000 principal, 3600 interest)

interest reported is for three months jan - march

7 0
3 years ago
Choose all that apply.<br> Spreadsheets can be used to
mezya [45]

Answer:

create specific budgets for things like vacations or a wedding

calculate the amount of mortgage payments or car payments

4 0
2 years ago
Which option is best described as a complementary good for computer hard drives?
Nutka1998 [239]

Answer: Computer monitor

Explanation:

A complementary good is a good that's used together with another good. A good example of a complementary good is a car and petrol since they are used together.

A complementary good for computer hard drives would be the computer monitor. The monitor simply looks like a television and it helps in showing the information which is being displayed.

8 0
3 years ago
Colin and Natalie orally agreed with Medical Center X for an in vitro fertilization procedure that would not result in the birth
Nadusha1986 [10]

Answer:

c. The medical center will prevail based upon the written contract

Explanation:

Since they later signed a written contract where it is stated in paper and has their signature that the medical center could not assure nor take any responsibilities for the birth of a kid without any medical, mental or physical defects the medical center has the upperhand on the court, as well as they did in Scalisi et al. v. New York University Medical Center that promised a perfect designed baby, the Scalsi decided for invitro fertilization because of the wife´s family medical history and tendency to autism, and they ended up with a baby with autism, so they sue the New York University Medical center, but the court sided with the NYUMC because of the written contract where it stated that they couldn´t assure the baby to be born without any medica, mental or physical defects.

5 0
2 years ago
Other questions:
  • On December 31, 2016 before adjusting entries, Accounts Receivable for Nickolas Company had a debit balance of $200,000, and the
    6·1 answer
  • Select the correct answer.
    10·1 answer
  • A student is conducting a research project that involves using a survey. the survey asks participants about their highest level
    7·1 answer
  • he nation of Pecunia had a current account deficit of ​$ billion and a nonreserve financial account surplus of ​$ million in 201
    13·1 answer
  • An employer who fires an, at will employee in a public and humiliating manner may be liable to the employee for intentional infl
    5·1 answer
  • In the systems planning phase, a key part of the preliminary investigation is a feasibility study that reviews anticipated costs
    5·1 answer
  • Gems Corp. is a leading jewelry brand that finds it hard to make as much profit as its competitors. In order to overcome this, t
    5·1 answer
  • Turnbull Co. has a target capital structure of 45% debt, 4% preferred stock, and 51% common equity. It has a before-tax cost of
    13·1 answer
  • What type of business organization should Luke, Austin, and R.J.<br> adopt?<br> Why?
    5·1 answer
  • )An investor is trying to decide between a muni paying 5.75 percent or an equivalent taxablecorporate paying 8.25 percent. What
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!