Answer:
7.84%
Explanation:
Given:
Bond's par value (FV) = $1,000
Maturity (nper) = 25 × 2 = 50 periods (since it's semi-annual)
YTM (rate) = 0.0925÷2 = 0.04625 semi annually
Price of bond (PV) = $875
Calculate coupon payment (pmt) using spreadsheet function =pmt(rate,nper,-PV,FV)
PV is negative as it's a cash outflow.
So semi- annual coupon payment is $39.20
Annual coupon payment = 39.2×2 = $78.40
Nominal Coupon rate = Annual coupon payment ÷ Par value
= 78.4 ÷ 1000
= 0.0784 or 7.84%
Answer:
Spellberg Inc.
Ramon Frustration with monotonous job:
d. Job variety, good compensation, and independence
Explanation:
Ramon is tired of a monotonous job, he needs job variety. For lack of appreciation for hard work, he needs good compensation. To enjoy some level of independence, he feels the lack of freedom from his former role, so he needs a job that commanded job variety, good compensation, and independence. This is surely offered by a role in sales, where he will be meeting with a variety of customers with varying degrees of interaction. He is out to solve people's problems, and a role in sales is the best to meet this need.
Answer:
Monte Carlo Simulation
Explanation:
Monte Carlo simulation refers to a methodology used in monetary, program management, expense, and other prediction frameworks to know the impact of financial risks. A Monte Carlo model allows one to see all or most of the possible results in order to get a better understanding of the probability of a judgment.
In other words, Monte Carlo approaches can also be used in theory to address any issue with a deterministic explanation. By using the law of large numbers, by getting the empirical average of individual variable tests, integrals represented by expected value of a certain independent variables can be estimated.
Answer:
The answer to the question is attached with the document.