The interest on a $5,400, 3%, 45-day note is _____________

A coupon bond paying semiannual interest is reported as having an ask price of 117% of its $1,000 par value. If the last interes

Vinil7 [7]

Answer:

$1,195

Explanation:

Calculation the invoice price of the bond

Using this formula

Invoice price of the bond =Clean price + Accrued interest

First step is to find the clean price using this formula

Clean price=Bond amount par value×Ask price percentage

Let plug in the formula

Clean price =$1,000×117/100

Clean price=$1,170

Second step is to calculate for the accrued interest.

Since Semiannually means 6 month, and we were told that the last interest payment was made a month ago which mean we have 5 months left. Now let find the accrued interest using this formula

Accrued interest = Number of days in month ×(5months/6months)

Let plug in the formula

Accrued interest=30× (5months/6months)

Accrued interest =30×0.83333

Accrued interest =$25

The last step is to calculate for invoice price of the bond using this formula

Invoice price of the bond =Clean price + Accrued interest

Let plug in the formula

Invoice price of the bond=$1,170+$25

Invoice price of the bond=$1,195

Therefore the Invoice price of the bond will be $1,195

5 0

4 years ago

The differences between uninsurable and insurable risks

Varvara68 [4.7K]

Uninsurable risk is one where the insurance company cannot calculate the probability of the risk occurring which can happen due to numerous reasons. An insurable risk is one where the calculations can be made and the premium that gets paid is determined.

3 0

3 years ago

Read 2 more answers

A client with a peptic ulcer is diagnosed with Helicobacter pylori infection. The nurse is teaching the client about the medicat

salantis [7]

Answer:

It is the answer C. "The medications will kill the bacteria and stop the acid production."

Explanation:

It is important to know that the most commonly used therapy for peptic ulcers is a combination of antibiotics, proton-pump inhibitors, and bismuth salts that suppress or eradicate H. This treatment to stop the acid recommend metronidazole, omeprazole and clarithromycin.

6 0

4 years ago

Which is NOT an indicator of a country's economic health? A. GDP B. standard of living

EleoNora [17]

D inflation duhhh because ik my social studies♥️

7 0

3 years ago

Read 2 more answers

During 2006 a leading auto manufacturer produced $20 million worth of mini-vans. However, due to soaring gas prices, the sale of

Inga [223]

Answer:

$20 million are added to 2006's GDP with $16 million as consumption and $4 million as private investment

Explanation:

GDP is the total monetary of good and services produced in a country in a given year.

Y=C+I+G+(x-m)

For the question we're told that during 2006 a leading auto manufacturer produced $20 million worth of mini-vans so Y=$20

So out of the $20 total production, $16 million worth of mini-vans were sold which falls under consumption C=$16

And $4 remained unsold out of the total $20 that was produced in 2006. Therefore, I=$4

8 0

3 years ago

The interest on a $5,400, 3%, 45-day note is ______________.