Answer:
Coupon (R) = 6.8% x 10,000 = $680
Face value (FV) = $10,000
Number of times coupon is paid in a year (m) = 2
No of years to maturity = 8 years
Yield to maturity (Kd) = 8% = 0.08
Po = R/2(1- (1 + r/m)-nm) + FV/ (1+r/m)n
m
r/m
Po = 680/2(1-(1+0.08/2)-8x2) + 10,000/(1 + 0.08/2
)8x2
0.08/2
Po = 340(1 - (1 + 0.04)-16) + 10,000/(1 + 0.04)16
0.04
Po = 340(1-0.5339) + 10,000/1.8730
0.04
Po = 3,961.85 + 5,339.03
Po = $9,300.88
Explanation:
The current market price of a bond is a function of the present value of semi-annual coupon and present value of the face value. The present value of semi-annual coupon is obtained by multiplying the coupon by the present value of annuity factor at 8% for 8 years. The present value of face value is obtained by discounting the face value at the discount factor for 8 years. The addition of the two gives the present value of the bond. All these explanations have been captured by the formula.
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I believe it’s Involuntary Turnover. There’s a Quizlet that uses this exact same scenario that defines it as Involuntary Turnover
<span>The given data shows that Watson Enterprises signed a $24,000, 60-day, 4% note payable as replacement of an account payable with Erikson Company. Below are the journal entries that should be recorded upon signing the note:
1.Debit Accounts Payable $24,000
2.credit Notes Payable $24,000.</span>
<span>The options are outdated. More than 38% of the world's population use the web today; that's over 3 billion people. China alone has more than 700 million internet as at now; which is more than double the U. S population (This kind of eliminates the first 3 options). The number of internet users has more than quadruple in the last 10 years. In 1995, less than 2% of the world's population use the web, but there are currently more than 3.7 billion people who use the web today. There's no definitely number because internet penetration increases as the days rolls on.</span>
