Answer:
option B
Explanation:
Progressive muscle recovery (PMR) is a method of controlled breathing which has been used successfully to manage stress and fear, ease depression and alleviate the symptoms of some forms of severe pain. Progressive relaxing of a body is based on a simple process of clenching, or contracting, one muscles class at a time caused by a recovery period of stress release.
Throughout the 1930s, Edmund Jacobson defined the methodology of incremental muscle relaxation and is focused on his theory that psychological quietness is a necessary result of brain relaxation. Nearly everyone can know about gradual muscle relaxation which needs just 10 minute to 20 minutes of training per day.
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Answer:
since you are required to calculate the effective yield to maturity, you cannot use the approximate YTM formula since it is not exact. You will need to use a financial calculator, online calculator or excel spreadsheet. I prefer to use an excel spreadsheet and use the IRR function:
a) initial outlay = -$970
cash flows 1 - 19 = $80
cash flow 20 = $1,080
IRR = 8.31%
Since the bond is sold at a discount, the effective yield will be higher than the coupon rate.
b) if hte bond is sodl at par, the effective yield to maturity is the coupon rate = 8%
c) initial outlay = -$1,170
cash flows 1 - 19 = $80
cash flow 20 = $1,080
IRR = 6.49%
Since the bond is sold at a premium, the effective yield will be lower than the coupon rate.
