Marvin was interested in how his target market spends money around the November/December holidays. He first reviewed existing da
1 answer:
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Answer:
(a) Dollar price of the bond = Par value × Current price percentage
= $1,000 × 106.124%
= $1,061.24
(b) Bond's current yield:
Annual interest paid in dollars = Bond par value × Rate of interest
= $1,000 × 7.8%
= $78
= 0.0734
= 7.34%
(c) Issue price of bond is $1,000 and current maturity price is $1,061.24. Thus, bond price is greater than the par value.
(d) Current yield is the return on bond at current price. Yield to maturity is 6.588 % and current yield is 7.34%. Since the current price is more than the par value, therefore, YTM is lower than the current yield.
Answer:
hello your question is incomplete below is the complete question
Mr. Smith decides to feed his pet Doberman pinscher a combination of two dog foods. Each can of brand A contains 3 units of protein, 1 unit of carbohydrates, and 2 units of fat and costs 80 cents. Each can of brand B contains 1 unit of protein, 1 unit of carbohydrates, and 6 units of fat and costs 50 cents. Mr. Smith feels that each day his dog should have at least 6 units of protein, 4 units of carbohydrates, and 12 units of fat. How many cans of each dog food should he give to his dog each day to provide the minimum requirements at the least cost? *Mr. Smith should give his dog ___ can(s) of brand A and ___ can(s) of brand B
<em>answer</em> : 1.5 cans of brand A and 1.5 cans of brand B
Explanation:
<u>Food A contains </u>:
3 units of protein , 1 unit of carbohydrates, 2 units of fat
cost of food A = 80 cents
<u>Food B contains :</u>
1 unit of protein , 1 unit of carbohydrates, 6 units of fat
cost of food B = 50 cents
<u>minimum ingredients required in the dog food daily </u>
6 units of protein , 4 units of carbohydrates, 12 units of fat
<em />
<em>In order to achieve the minimum/least cost of 195 cent. Mr. smith should give his dog 1.5 cans of Brand A and 1.5 can of brand B</em>
attached below is the detailed solution
