A bond currently trades at a price of $982.86 in the market. The bond offers a coupon rate of 7%, paid annually, and has a maturity of 13 years. Face value is $1,000. What is the bond's Current Yield? Enter your answer as a percentage, rounded to two decimals, and without the percentage sign ('\%'). For example, if your answer is 0.123456, then it is equivalent to 12.35%, so you should enter 12.35 as the answer. Use the minus sign ('-') if the yield is negative.
Answers
The current yield is a measure of the return on investment in a bond based on its current market price. It is calculated by dividing the annual coupon payment by the bond's current market price. gives a current yield of 7.12.
In this case, the bond's annual coupon payment is 7% of its face value, or $70. Dividing this by the current market price of $982.86
A current yield of 7.12 means that an investor who buys the bond at the current market price will receive an annual return of 7.12 percentage of their investment in the form of coupon payments. However, it is important to note that the current yield does not take into account any changes in the bond's market price over time, which can affect the investor's total return.
Additionally, the current yield assumes that the investor will hold the bond until maturity and receive the face value at that time, which may not always be the case.
Overall, the current yield is a useful metric for comparing the returns of different bonds, but investors should consider other factors such as credit quality and market conditions before making investment decisions.
Therefore the bond's current yield is 7.12
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Related Questions
Answer the question(s) below:
“Never mix business with personal matters—it just leads to damaged relationships, poor business decisions, or both.” In what ways might this be a fair statement? In what ways is it unwise advice?
Answers
Answer:
Explanation:
As a general rule, it is generally a good idea to keep business and personal matters separate, as mixing the two can often lead to a range of problems. Here are some examples of how this statement might be a fair:
Damaged relationships: Mixing business and personal matters can lead to strained or damaged relationships, both within a company and with clients or partners. This can occur when personal issues or emotions get in the way of making sound business decisions, or when personal matters are brought into professional situations.Poor business decisions: When personal matters are allowed to influence business decisions, the resulting decisions may not be the best ones for the company. This can lead to problems such as financial loss, decreased productivity, or damaged reputation.Both: In some cases, mixing business and personal matters can lead to both damaged relationships and poor business decisions. For example, if a company hires a friend or family member who is not qualified for a position, it can lead to tension within the company and poor performance.
It is generally fair to say that mixing business with personal matters can lead to damaged relationships and poor business decisions. When personal relationships are involved in business dealings, it can be difficult to maintain objectivity and make decisions that are in the best interest of the business. This can lead to conflicts of interest, misunderstandings, and resentment.
On the other hand, it is not necessarily unwise to mix business with personal matters in all situations. For example, if you are starting a business with a close friend or family member, it may be necessary to involve personal relationships in order to build a strong foundation for the business. Additionally, in some cases, personal connections can be a valuable asset in business, as they can help to build trust and facilitate mutually beneficial relationships.
Overall, it is important to carefully consider the potential risks and benefits of mixing business with personal matters, and to take steps to minimize any potential negative impacts on both personal relationships and business decisions.
What health effect is metal fume fever considered?
Answers
Answer:
A Metal fume fever is a condition in which the sufferer has influenza type symptoms such as a raised temperature, chills, pains, nausea and dizziness. It is caused by exposure to the fume of certain metals
team composition reflects the collection of jobs, personalities, values, knowledge, experience, and skills of team members.
Answers
Team composition reflects the collection of jobs, personalities, values, knowledge, experience, and skills of team members. This statement is true.
What overarching principles or standards of decency are adhered to by the majority of members?
Social norms are accepted standards of conduct among various social groups. Social norms may be unwritten rules and laws or they may be formalized understandings that direct how people of a society behave.
Infractions of the code could lead to legal and regulatory violations as well as, of course, harm to our reputation. For specific people, it might also entail disciplinary action or termination. Because of this, it's crucial that you understand and abide by the code.
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by what action does the federal reserve trt to control inflation
Answers
Answer: Monetary Policy
Explanation:
The Fed controls inflation through monetary policy whereby it either increases the supply of money in the economy or it decreases it. The logic being that when there is more money in the economy, people will be able to buy more goods and services which would lead to a rise in prices as demand pulls up inflation rates.
The reverse holds true.
The Fed uses tools such as Open market operations and adjusting the reserve requirement to accomplish monetary policy.
If the goal is to increase money supply, the Fed embarks on Open market operations where it buys securities(paying the public puts money into the economy) from the public as well as reducing the reserve requirement which increases the amounts that banks can loan out.
To reduce money supply the Fed sells securities and increases the reserve requirement. There are other tools for monetary police but the basic premise is the same; they are used to either increase or decrease money supply.
At her job of grooming horses, Polly Yaskovich worked 8 hours a day on Monday and Tuesday earning $67 each day. On Wednesday, she earned $82. On Thursday, she earned $78. How much must Polly earn on Friday, to have average earnings of $75 a day?
Answers
Answer:
Your answer is that she needs to earn $148 on Friday
Explanation:
Calculate Average:
(67 + 82 + 78) / 4 = 56.75 (Remember 67 is worth Monday and Tuesday)
We know that the number that the 4 numbers add up to has to be divisible by 5 because our we need to average 75 and we have 5 days to average on.
5 x 75 = 375
67 + 82 + 78 = 227
375 - 227 = 148
(67+82+78+148) / 5 = 75
Your answer is that she needs to earn $148 on Friday
Delilah purchased a wheelchair with an installment loan that has an APR of 18 percent. The wheelchair sells for $2,007. The store financing requires a 20 percent down payment and 54 monthly payments. What is the finance charge
Answers
Answer:
$748.48
Explanation:
Cost of wheelchair = $2,007
Down payment = Cost of wheelchair*20% = $2,007*20% = $401.40
Amount of finance = Cost of wheelchair - Down payment = $2,007 - $401.40 = $1,605.60
Interest rate = 18% * 1/12 = 1.5%per month
Term = 54 month
Monthly payment = Amount of finance*I/[1-(1+I)^-n]
Monthly payment = $1,605.60*1.5%/[1-(1+1.5%)^-54]
Monthly payment = $1,605.60*1.5%/[1 - 0.447541]
Monthly payment = $1,605.60*0.015/0.55246
Monthly payment = $43.59411
Total amount paying for loan over a period = Monthly payment * Term = $43.59411 * 54 = $2354.08
Amount of finance charge = Total amount paying for loan - Amount of loan
Amount of finance charge = $2354.08 - $1,605.60
Amount of finance charge = $748.48
how does lever simplify the work? explain.
Answers
Explanation:
A lever works by reducing the amount of force needed to move an object or lift a load. A lever does this by increasing the distance through which the force acts. ... Instead, they make the work easier by spreading out the effort over a longer distance.
What is promotional Mix? And how does it benefit the customers?:
Answers
Answer:
In marketing, the promotional mix describes a blend of promotional variables chosen by marketers to help a firm reach its goals. and it Improves communication with clients.
Explanation:
hope this helps
Answer:
The promotion mix is the blend of different methods and tools of communication you use in presenting your company, products or services to target customers. Effective promotion is a key component of the marketing mix, as it is the element that helps you attract customers, persuade them to buy, and generate loyalty.
A promotion mix is a key method for delivering a relevant promotion message via the most suitable channel for each segment. Improves communication with clients. Companies develop a promotion mix trying to speak their consumers' language. If prepared correctly, it helps build trust between the brand and its customers.
Explanation:
hope this helps i did my research
Explain the various ways that personal property can be acquired by means other than purchase.
Answers
Answer:
Personal property can also be acquired if it's given to you as a gift, by simply finding it and through "accession."
Explanation:
Personal properties may be acquired not only by means of purchase. One way is when a person (donor) gives the property to another person (donee) as a gift. The donor may deliver the gift personally and the donee should accept the gift.
Another way is by simply finding the property. This should satisfy the fact that no one is claiming the property found other than the finder–provided that the finder is "NOT" a trespasser. The property found shouldn't be located inside a private property.
An example of "accession" is: when a person's pet dog gives birth to puppies, the puppies are immediate personal property of the owner.
Neolithic people practiced metallurgy.
How did the advancement in technology. Benefit. Early humans
Answers
Answer:
the answer is D
Explanation:
Answer:
D. Metal was used to make stronger items that lasted longer
Explanation:
Did it on Edg.2020
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A new business has total sales of $14,000, applied $1,350 in merchandise discounts, and had returns of $234. Calculate the business's total net sales.
Answers
Answer:
$12,416
Explanation:
Applied merchandise discounts mean discounts issued.
The net sales will be total sales minus merchandise discounts applied minus returns.
Net sales = total sales - ( discounts + returns)
Net sales = $14,000 - ( $1,350 + $234)
Net sales = $14,000 - $1,584
Net sales = $12,416
Which option identifies the marketing strategy demonstrated in the following scenario?
Department stores often have their own credit cards and mailings sent to card holders that offer incentives such as
percent discounts and early hour shopping days.
O product packaging
customer loyalty
O advertising
word-of-mouth
Answers
Answer: customer loyalty
Explanation:
HELPPPPP!!!!! ;) pls
Answers
Answer:
D - Partnership
Explanation:
Compare and contrast the features and benefits of a currently held credit card against a new credit card for which you are considering applying. Determine which of the two cards is better, according to your financial needs and goals, and tell why.
Answers
Answer:
ok
Explanation:
Currently held credit card can only do what ever you have left to do on it. for example whatever are the restrictions on your credit card and how much you can use for it and the interest. A new credit card can be better than the last one but can be harder to obtain if you have bad credit or just trying to get a lot of credit cards. which would also give you bad credit. The benefits would be you have the restrictions on the new card but you know you haven't made a single purchase on it yet so how much you can use it is more likely more than the previous card.
When you get in a business, make a lot of money, and then get out, it’s referred to as a(n)
A) easy-money business.
B) hit-and-run business.
C) failure.
D) missing opportunity.
Answers
Answer:
The answer is B. Hit-and-run business.
Explanation:
Which of the following scenarios describes an advantage of a global economy?
A car company makes its products in a country known for high manufacturing requirements.
A lightbulb company expands to a country where potential workers all have the same educational background.
An electronics company manufactures products in a country where the materials cost is high.
A toothpaste company expands to another country where there is a lot of competition for jobs.
Answers
https://www.nap.edu/read/1806/chapter/7
Acme Model Trains started the year with $10,000 worth of model trains in inventory. During the year, it purchased $5,000 more model trains. By the end of the year it sold a total of $7,500 in model trains. Calculate the cost of goods sold using the handout from class or the information provided in Chapter 14.
Answers
Based on the information given the cost of goods sold is $7,500.
Using this formula
Cost of goods sold=Starting inventory + Purchases − Ending inventory
Where:
Starting inventory=$10,000
Purchases=$5,000
Ending inventory=$7,500
Let plug in the formula
Cost of goods sold=$10,000+$5,000-$7,500
Cost of goods sold=$7,500
Inconclusion the cost of goods sold is $7,500.
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An organization wants to form a strategic alliance with another form. The second firm is at the same level along the value chain. It cannot contribute the same level of financial resources, although it can contribute an extensive level of knowledge. In order to accommodate these factors, they decide to start a legally independent firm. Which of the following alliances will be best suited for the organization?
1) An equity alliance
2) A distribution agreement
3) A contractual alliance
4) A joint venture
Answers
Answer:
A distribution aggreement will be best suited for the organization.
The formula for applying overhead to a specific job is ______.
Answers
The formula for applying overhead to a specific job is predetermined overhead rate × amount of allocation base incurred by job. Thus, option (d) is correct.
The estimated manufacturing overhead is divided by the estimated allocation base to arrive at the predetermined overhead rate. The work's overhead can be calculated once the specified overhead rate is established by multiplying it by the amount of allocation base incurred by the job.
Another formula for applied overhead involves dividing the number of hours worked or pieces of equipment used by the overhead allocation rate.
Therefore, option (d) is correct.
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Your question is incomplete, but most probably the full question was.
The formula for applying overhead to a specific job is ______.
Estimated manufacturing overhead ÷ amount of allocation base incurred by job
Estimated manufacturing overhead ÷ estimated allocation base
Estimated manufacturing overhead × amount of allocation base incurred by job
Predetermined overhead rate × amount of allocation base incurred by job.
need asap plz!!! Questlon 5 of 10 Which statement best describes the idea of the law of supply? A . The supply of a product decreases as its price increases B. The demand for a product decreases as its supply decreases. C. The demand for a product increases as its price increases. D. The supply of a product increases as its price increases SUBMIT
Answers
Answer:
D. The supply of a product increases as its price increases
Explanation:
Supply is the volume of a product or a service that sellers are willing to sell in the market at a stated price. The law of supply explains the relationship between price and the quantity suppliers are willing to sell.
The law asserts that as the price increases, suppliers will supply more quantities of a product. A price decrease will cause suppliers to supply a lower quantity. Suppliers are profits motivated. A price increase results in higher profits hence more supply.
Which of these would be considered an entrepreneur?
O A. A nurse in a hospital
O B. The owner of a local coffee shop
O C. A school teacher
O D. A public transportation bus driver
Answers
Answer:
I think its B
Explanation:
Because you own your own place
The owner of a local coffee shop would be considered an entrepreneur. Hence, option B is correct.
What is meant by entrepreneur?Entrepreneurs are people who launch new businesses, bearing the bulk of the risks and getting the majority of the rewards. Starting a business is a practice of entrepreneurship.
The entrepreneur is generally regarded as an inventor who develops novel ideas for goods, services, companies, and operating procedures. Several well-known businesspeople include Bill Gates, Steve Jobs, Mark Zuckerberg, Pierre Omidyar, Arianna Huffington, and Caterina Fake.
Some kinds of entrepreneur are -
Small Businesses Entrepreneurship.
Scalable Start-up Entrepreneurship.
Social Entrepreneurship.
Large Company Entrepreneurship.
Thus, option B is correct.
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If you could choose to be anything you want, what would you choose to be and why? 2-3 paragraphs
Answers
He is the oldest rapper alive being 300 years old he also dropped the best album of this generation in 2012 he is still making music he has mutiple cars and houses he had mutiple baby moms he’s rich
Aspirations, Inc. provides life coaching to its clients. As Aspirations is budgeting for December, the budgeted beginning cash balance is $25,000. The company is budgeting cash receipts during December of $104,000 and cash disbursements of $95,000. Aspirations Inc. desires an ending cash balance of $75,000, and they have made arrangements with a bank to borrow up to $90.000 when needed. The agreement stipulates that interest will not be due until the following month.
Required:
Prepare the Aspirations, Inc.'s cash budget for December, Include any borrowing needed to achieve Aspiration's desired ending cash balance.
Beginning cash balance
Add cash receipts
Total cash available
Less cash disbursements
Excess (deficiency) of cash available over disbursements
Borrowings
Ending cash balance
Answers
The ending cash balance = $75,000
The given information is:
Beginning cash balance = $25,000
Cash receipts = $104,000
Cash disbursements = $95,000
Desired ending cash balance = $75,000
Maximum borrowing limit = $90,000
As per the above data, the cash budget of Aspirations, Inc. for December can be prepared as follows:
Beginning cash balance = $25,000
Add cash receipts = $104,000
Total cash available = $129,000Less cash disbursements = $95,000
Excess (deficiency) of cash available over disbursements = $34,000
Borrowings = $0
[Since cash receipts are greater than cash disbursements and there is enough cash available to meet Aspiration's desired ending cash balance]
Ending cash balance = $75,000Therefore, Aspirations, Inc.'s cash budget for December would be as follows:
Beginning cash balance = $25,000Add cash receipts = $104,000
Total cash available = $129,000
Less cash disbursements = $95,000
Excess (deficiency) of cash available over disbursements = $34,000
Borrowings = $0
[Since cash receipts are greater than cash disbursements and there is enough cash available to meet Aspiration's desired ending cash balance]
Ending cash balance = $75,000
Hence, the correct option is:
Beginning cash balance = $25,000Add cash receipts = $104,000
Total cash available = $129,000
Less cash disbursements = $95,000
Excess (deficiency) of cash available over disbursements = $34,000
Borrowings = $0
[Since cash receipts are greater than cash disbursements and there is enough cash available to meet Aspiration's desired ending cash balance]
Ending cash balance = $75,000
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1) Scenario: Company A and Company B are considering whether to spend a certain sum of money to advertise their new range of products. If Company A chooses to advertise while Company B does not, Company A's annual sales will increase by $5 million while Company B's sales will remain unchanged. If Company B chooses to advertise while Company A does not, Company B's annual sales will increase by $5 million while Company A will not experience any change in its sales. If both the companies decide to advertise, their sales will increase sales by $2 million each and if none of them spends on advertisement, their sales will remain unchanged.
Refer to the scenario above. If the cost of advertising is negligible, what will the outcome of this game be?
A. Company B will advertise while Company A will not advertise.
B. Company A will advertise its products while Company B will not advertise.
C. Neither of the companies will advertise its products.
D. Both the companies will advertise their products.
2) A payoff matrix shows ________.
A. the payment made to each factor of production for the production of a good
B. the various combinations of inputs required to produce a good
C. the return from each action that players can take in a game
D. the different combinations of two goods that can be bought with a given income
Answers
Answer: 1. D. Both the companies will advertise their products.
2. C. the return from each action that players can take in a game.
Explanation:
1. It should be noted that in a situation whereby the cost of the advertising is negligible, the outcome of this game will be that the companies will both advertise their products. By doing this, both of the companies will b better off as there'll be an increase in sales. Therefore, the correct option is D.
2. The payoff matrix is used to show the possible outcome that'll be made by an economic entity when a strategic decision is made by the individual or firm. It shows the return from each action that the players can take in a game. Therefore, the correct option is C.
Creating an emergency fund to pay for unexpected expenses is known as __________________________________.
a
Backdoor Budgeting
b
"Saving for a Rainy Day"
c
Opening a Mutual Fund
d
Placing your money in a CD
Answers
Answer:
b
"Saving for a Rainy Day"
Explanation:
"saving for rainy day' is a phrase that means putting some money a side for use in times of need. The phrase encourages people to save money for emergency use. As a rule of thumb, one should have at least three times their normal income as savings.
Which of the following describes how the U.S. government protects and supports farmers and ranchers?
through establishing and maintaining food standards
through programs that provide direct payments
through allowing agribusiness companies to create oligopolies
through strict measures of qualis for commodities
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Answers
Answer:
through allowing agribusiness companies to create oligopolies
Explanation:
Answer:
through programs that provide direct payments
Explanation:
The United States government gives free money to farmers and ranchers through a government subsidiary.
Bay Transport Systems (BTS) currently has $ 60 million in debt outstanding. In addition to 7.5 % interest, it plans to repay 4 % of the remaining balance each year. If BTS has a marginal corporate tax rate of 35 %, and if the interest tax shields have the same risk as the loan, what is the present value of the interest tax shield from the debt?
Answers
The present value of the interest tax shield from the debt is $17,959,487.
When a company incurs interest payments on its debt, the interest tax shield lowers its taxes, thus reducing its after-tax cost of debt. The interest tax shield can be calculated by multiplying the interest paid on debt by the corporation's tax rate.
BTS (Bay Transport Systems) has the following details;
Debt Outstanding (D) = $60 million
Interest rate (i) = 7.5%
Payment of principal amount each year (pp) = 4%
Remaining balance (r) = (1 - pp) × D
= 0.96 × $60 million
= $57.6 million
Marginal corporate tax rate (T) = 35%
To calculate the present value of the interest tax shield, we need to calculate the present value of each year's tax shield due to interest payments and then sum these present values.
The present value of the interest tax shield can be calculated using the formula;
PV(Tax Shield) = Tc × i × D / (1 - (1 + i)^(n+1) / (1 + i))
where n is the number of years over which the interest is paid.To calculate the number of years, we divide the remaining balance by the annual payment of the principal amount.
n = r / (pp × D)
= $57.6 million / (0.04 × $60 million)
= 24 years
Therefore, the present value of the interest tax shield can be calculated as follows;
PV(Tax Shield) = 0.35 × 0.075 × $60 million / (1 - (1 + 0.075)^(24+1) / (1 + 0.075))
PV(Tax Shield) = $17,959,487
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Rebecca earned $2,993 as interest by lending a certain amount at 1.00% p.m. for 12 months.
a. Calculate the loan principal. Round to the nearest cent
b. Calculate the loan's maturity value.
Answers
The loan principal, rounded to the nearest cent, is approximately $24,941.67.
The loan's maturity value, rounded to the nearest cent, is approximately $27,934.67.
a. To calculate the loan principal, we can use the formula for simple interest:
Interest = Principal * Rate * Time
Given that Rebecca earned $2,993 in interest and the interest rate is 1.00% per month for 12 months, we can plug in these values and solve for the principal:
2,993 = Principal * 0.01 * 12
Simplifying the equation:
2,993 = Principal * 0.12
To isolate the principal, divide both sides of the equation by 0.12:
Principal = 2,993 / 0.12
Calculating this value:
Principal ≈ $24,941.67
Therefore, the loan principal, rounded to the nearest cent, is approximately $24,941.67.
b. To calculate the loan's maturity value, we need to add the interest earned to the loan principal. The maturity value represents the total amount that needs to be repaid at the end of the loan term.
Maturity Value = Principal + Interest
Using the previously calculated principal of $24,941.67 and the total interest earned of $2,993, we can calculate the maturity value:
Maturity Value = $24,941.67 + $2,993
Calculating this value:
Maturity Value ≈ $27,934.67
Therefore, the loan's maturity value, rounded to the nearest cent, is approximately $27,934.67.
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Mr. Forest, a single taxpayer, recognized a $252,000 loss on the sale of Section 1244 stock. What is the character of this loss
Answers
Based on current tax laws, the character of this loss is $50,000 ordinary loss and $202,000 capital loss.
Tax laws stipulate that when it comes to losses from section 1244 stock, $50,000 is the maximum that can be stipulated for losses to a single person with the rest being treated as capital loss.
This means that $50,000 will be stipulated as ordinary losses here and the capital loss will be:
= 252,000 - 50,000
= $202,000
In conclusion, $50,000 is ordinary loss and $202,000 is capital loss.
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On march 15, 2022, helen purchased and placed in service a new escalade. the purchase price of the automobile was $62,000, and the vehicle had a rating of 6,500 gvw. the vehicle was used 100% for business.
Answers
The cost of recovery computation is brought up as a result. The cost of recovering the car is $7,400, according to the claim.
The most cautious way of recognizing revenue in company accounting is thought to be the cost recovery approach. The cost recovery approach could not forecast future income, but it may provide an accurate picture of your company's financial situation at any given time. This technique may be used to recognize and categorize revenue in accounting. For tax reasons, the Internal Revenue Service predetermines an asset's depreciable life. The depreciation recovery period is the term used to describe this time frame. Helen's claim thus amounts to $7,400, which includes the expense of recovering the car.
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