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
Ivenika [448]
3 years ago
8

Baiman, Inc. issues $1,000,000 of zero-coupon bonds that mature in 10 years. Compute the bond issue price assuming that the bond

s' market rate is:
a. 10% per year compounded semiannually.
Round your answers to the nearest dollar.
Business
1 answer:
kvv77 [185]3 years ago
3 0

Answer:

Zero-cupon bond= $376,889.48

Explanation:

Giving the following formula:

Face value= $1,000,000

Mature= 10*2= 20 semesters

Market rate= 0.1/2= 0.05

<u>To calculate the price of the bond, we need to use the following formula:</u>

Zero-cupon bond= [face value/(1+i)^n]

Zero-cupon bond= [1,000,000 / (1.05^20)]

Zero-cupon bond= $376,889.48

You might be interested in
Determining whether to raise or lower the Federal Funds Rate is a responsibility of __________.
ratelena [41]

Answer:

Option A

A. the central bank

Explanation:

The Federal Funds Rate refers to the maximum interest rate at which commercial banks can borrow money, and lend their surplus to other commercial banks. These interest charges are usually done on an overnight basis.

The central bank of a nation is responsible for the raising or lowering of the Federal Funds rate. The Central bank can lower the Federal Funds Rate to ensure that low-interest rates are given to businesses to enable them to expand and enrich the economy of the nation.

8 0
3 years ago
Which of the following people are structurally unemployed? Select all answer options that apply. Choose one or more: A. A worker
a_sh-v [17]

Answer:

Structural unemployment is present in case of A, B, C, and D.

Explanation:

Structural unemployment refers to the situation when the workers are unemployed because of the mismatch between the skills they possess and the skills the employers are looking for.  

Unemployment caused by drought cannot be classified as structural unemployment. The rest of the examples involves cases of structural unemployment.

8 0
3 years ago
Global Company sold merchandise to Montana Industries for cash, $3,450. The cost of merchandise sold was $1,850. Global Company
BlackZzzverrR [31]

Answer:

Db Accounts Payable or Cash____900

Cr  Inventory account__________________900

Explanation:

The journal entry would be: If merchandise is returned to a supplier, a debit is made to Accounts Payable or Cash, and a credit is made to the Inventory account.

8 0
3 years ago
what attracts you to jpmorgan chase, and specifically, an opportunity in the corporate analyst development program?
Rama09 [41]

J.P. Morgan takes great satisfaction in its distinctive strategy for corporate responsibility. It works to make a difference that will last in our neighborhoods and provide everyone an opportunity to climb the economic ladder.

Why do you use the word "corporate"?

Corporate refers to a group of large enterprises or a specific large company. For corporate clients as opposed to private ones, interest rates are greater. Both the economy and business earnings are expanding. Corporate refers to a group of large enterprises or a specific large company.

Does "private" imply "corporate"?

English definition of a private corporation. a corporation whose assets are never listed on a stock exchange and are owned be just one man or a small number of people, such as a family: The company is an privately held enterprise.

To know more about corporation  visit:

brainly.com/question/28097453

#SPJ4

3 0
1 year ago
The list provided by the International Trade Administration to a potential exporter with the names and addresses of potential di
Marta_Voda [28]

Answer: Best prospects list

Explanation: The best prospects list is usually issued to potential exporters by the International Trade Organization which serves functions such as facilitating trade operations between countries by eliminating several trading issues such as negotiating and reducing trade tariff, regulating restrictive policies and also providing useful information necessary for successful trading to traders.

The provision of best prospects list offers firsthand information to potential traders about available and certified markets and distributor information which could facilitate ease of trading.

4 0
3 years ago
Other questions:
  • Suppose that disposable income, consumption, and saving in some country are $200 billion, $150 billion, and $50 billion, respect
    15·1 answer
  • An employee of a delivery company drives 480 miles at 60 miles per hour in a vehicle that averages 20 miles per gallon of gas. T
    5·1 answer
  • Firms in a monopolistically competitive industry produce: a) homogeneous goods and services. b) differentiated products. c) mono
    9·2 answers
  • A tire manufacturer produces 400 tires valued at $20 each. Three hundred tires are sold to a tire shop, which then sells them to
    14·1 answer
  • You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangement
    7·1 answer
  • George tallies up the transactions in his check register and comes up with a total balance of $221.57, but his bank statement sa
    6·1 answer
  • The rule in Garner v. Murray deals with​
    11·1 answer
  • Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,700 of dir
    8·1 answer
  • Describe the auto industry in terms of the five market characteristics
    7·1 answer
  • Bonds will be issued a premium if the stated interest rate is:
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!