Answer:
Total $1,173.2544
Explanation:
The price of the bond will be equivalent to the coupon payment and maturity discounted at the YTM
<em><u>Coupon payment PV will be an annuity:</u></em>
C 35.50 (1,000 x 7.1% / 2 )
time 30 (15 years x 2 payment per year)
rate 0.027 (YTM /2 )
PV $723.5919
<em><u> The maturity will be the present value of a lump sum</u></em>
Maturity 1,000.00
time 30.00
rate 0.027
PV 449.66
We add bot h to gett the market value
PV c $723.5919
PV m $449.6625
Total $1,173.2544
The MARGINAL tax rate is the percentage of additional earnings that goes to taxes.
Marginal tax rate stands for the amount of tax paid on any additional income. It is based on progressive tax system that increases with the increase of an individual's income. Thus, it varis with the income of an individual.
Answer:
Yes it is
Explanation:
Because Prediction of cause and effect is important for the good economic model. If the economic model observe the cause and effect relationship, then it can be helpful to anticipate from the similar situation in future. For example, recession is causes recession. If the economic model observe it, then it can be helpful to control recession if t occurs in future.
Better Houses, Inc. has been contracted to build an addition on the Joyners' house. It built half of the addition and then unexpectedly announced that it was not going to finish the job. Such a desertion of work is called "Abandonment of contractual obligations".
<h3>What is contractual obligations?</h3>
Contractual obligations are responsibilities that each party is bound by law to fulfill under the terms of the agreement.
Each contract involves one or both parties exchanging anything of value in connection with a variety of duties, such as goods, services, money, etc.
Elements of a Contract are-
- Offer: An offer was made when one of the parties pledged to carry out or refrain from carrying out a specific action in the future.
- Promise of consideration: A promise of something of value in return for the intended conduct or inaction. This can be demonstrated by a substantial outlay of resources, a promise to provide a service, a commitment not to do something, or reliance on the promise. The incentive for the parties to enter into the agreement is known as consideration.
- Acceptance: The offer was unmistakably accepted. Acceptance can be demonstrated through words, actions, or by carrying out the contract's requirements. In general, the terms of the acceptance must match those of the offer. If not, the acceptance is interpreted as a counteroffer and rejection.
To know more about the contractual obligations, here
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