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ch4aika [34]
3 years ago
9

A bond with a face value of $1,000 that sells for $1,000 in the market is called a _____ bond.

Business
2 answers:
Kay [80]3 years ago
7 0

A bond with a face value of $1,000 that sells for $1,000 in the market is called a par bond.

When a bond trades for its face amount, this is called a flat or a par bond. There is no gain or loss compared to the face value.

sleet_krkn [62]3 years ago
6 0
Have any answers to the question
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The marketing and administrative expense budget of Frazier Corporation is based on budgeted unit sales, which are 5,500 units fo
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Explanation:

The marketing and administrative expense budget is based on budgeted unit sales, which are 5,500 units for June.

The variable marketing and administrative expense is $1.00 per unit. Which is 5,500 units x $1.00 = $5,500.

The budgeted fixed marketing and administrative expense is $101,200.

To get the cash disbursements for marketing and administrative expenses on the June marketing and administrative expense budget should be Variable costs plus fixed costs.

= $5,500 + $101,200

= $106, 700

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An individual contributes p 200 per month to a retirement account. The account earns interest at a nominal annual rate of 8% wit
amm1812

$449,866.95 is the Future value of the account after 35 yerars.

<h3>What is amount future value?</h3>
  • Future value (FV) is a term used to describe how much, at some future date and with a given interest rate, a sequence of regular payments will be worth.
  • As a result, it will show you how much you will have accumulated as of a future date if you, for instance, plan to invest a set amount each month or year.

The formula to compute the future value is shown below:

Future value = Amount (1+i)^n -1 ÷ i)

where,

Interest rate = 8% ÷ 12 months = 0.6666%

And, the number of months = 35 years × 12 months = 420

Now put this value to the above formula

F = $200 × (1 + 0.6666)^420 - 1 ÷ 0.6666%

After solving this,

Future Value: $449,866.95

N (Number of Periods) 420.000

(Interest Rate) 0.660

PMT (Periodic Deposit) $200.00

Starting Amount $0.00

Total Periodic Deposits $84,000.00

Total Interest $365,866.95

To learn more about  Future value refer,

brainly.com/question/14587551

#SPJ4

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