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ANTONII [103]
2 years ago
6

A bond has a $1,000 face value, a market price of $989, and pays interest payments of $69.50 every year. What is the coupon rate

Business
1 answer:
____ [38]2 years ago
4 0

Answer:

6.95

Explanation:

Coupon rate = $69.50/$1,000 = .0695, or 6.95 percent

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Select the correct answer from each drop-down menu.
kicyunya [14]

The correct answer for question 1 is C and for question 2 is C.

The job of paralegal is in the Law, Public Service, Corrections and Security Career cluster. The career involves assisting an attorney in court cases. Both of these answers are choice C of the available options.

5 0
3 years ago
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A machine costs $600000 and is expected to yield an after tax net income of $23000 each year. Managment predicts this machine ha
galina1969 [7]

Answer:

6.39%

Explanation:

The cost of the machine is $600,000

The net income is $23,000

The management predict a that it has a 10 years service life

The salvage value is $120,000

The first step is to calculate the average investment

Average investment= (Cost of machine+Salvage value)/2

= $600,000+$120,000/2

= $720,000/2

= $360,000

Therefore, the accounting rate of return can be calculated as follows

= Annual net income/Average investment

= $23,000/$360,000

= 0.0639×100

= 6.39%

Hence the accounting rate of return is 6.39%

7 0
3 years ago
Assuming that you’re recording the transactions on the first page of the journal, the page entry at the top right side of the jo
OverLord2011 [107]
The page entry at the top right side of the journal should be <span>J1.

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7 0
2 years ago
A house sold for $39,379. The buyer paid 20% down. Monthly interest on the loan was $229.69. What was the annual interest rate o
djverab [1.8K]

Answer:

8.75%

Explanation:

The annual interest rate will be computed as follows:

Loan amount = Proportion of loan X Price of house

Loan amount = 80% X $39,379 = $31,503.2

Annual interest = $229.69 X 12 = $2,756.28

Annual interest rate                     = ($2,756.28/ $31,503.2) X 100%

                                                      = 8.75%

4 0
3 years ago
On a particular day, the Dow Jones a rate of change 1.7%. Which of the following statements must also be true?
liq [111]

The average of the 30 stocks in the Dow Jones decreased. Apex

6 0
3 years ago
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