GIC Singapore issues corporate bonds with a 10-year maturity period. Bondholders will receive interest on a semi-annual basis. The yield to maturity is 8.75 percent and the bond is currently selling at 95 percent of par. Calculate the coupon rate of this bond.
a. 3.09% b. 5.24% c. 8.00% d. 10.24%
Answers
The coupon rate of GIC Singapore's corporate bond is 5.24%. This means that bondholders will receive an annual interest payment equivalent to 5.24% of the bond's face value. The correct option is B.
To calculate the coupon rate of the bond, we need to determine the amount of interest the bond pays annually relative to its par value.
Since the bond pays interest semi-annually, we can divide the coupon rate by 2 to calculate the semi-annual coupon rate. Let's assume the par value of the bond is $100.
The yield to maturity (YTM) is 8.75 percent, which represents the rate of return an investor would receive if the bond is held until maturity. Since the bond is currently selling at 95 percent of par, the price is $95.
To calculate the coupon rate, we need to find the annual interest payment. The coupon payment received semi-annually is calculated by multiplying the coupon rate by the par value, and since there are two semi-annual payments in a year, we multiply it by 2.
Let's denote the semi-annual coupon rate as r. We can set up the equation as follows:
$95 = (r/2) * $100 + (r/2) * $100 / (1 + YTM/2)^2 + ... + (r/2) * $100 / (1 + YTM/2)^20
By solving this equation, we find that the semi-annual coupon rate (r) is approximately 5.24%.
Therefore, the coupon rate of this bond is 5.24%. The correct answer is option B.
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Related Questions
table 21.1 units of labor units of output 0 0 1 15 2 35 3 45 4 52 what is the marginal physical product of the second unit of labor in table 21.1?
Answers
The second unit of labor produces a marginal physical product of 20. They receive a $100,000 investment after a successful investor presentation, enabling them to increase production to 8,000 units per month.
What does "marginal physical product" entail?The change in output due to a change in the level of variable input is called marginal physical product (MPP); The MPP is the change in TPP for every unit of change in the quantity of the variable input, to put it another way. With the current production inputs, a startup company is currently producing 2,000 units per month. With the current production inputs, a startup company is currently producing 2,000 units per month. They receive a $100,000 investment after a successful investor presentation, enabling them to increase production to 8,000 units per month.
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You get a 15% discount if you buy a new range listing at $924.95 and a new freezer listing at $12,695.95 on the same bill. What is the total savings for both with your discount? a)$2,043.14 b)$2,083.67 c)$12,695.95 d)$13,620.90
Answers
Answer:
a)$2,043.14
Explanation:
The discount is applicable when both items are bought together.
the total bill for the two items will be $12,695.95 + $924.95
=$13,620.90
15% discount of $13,620.90
=15/100 x $13,620.90
=0.15 x $13,620.90
=$2,043.135
=$2,043.14
Why would the U.S. Federal Reserve Chairman content that changes in monetary policy may have less of a positive impact than would fiscal policy changes on individuals and small businesses?
Answers
Answer:
i need help tooooooooooooo
which method of financing a company results in a reduction of ownership?
Answers
Identify the parts of the database table.
(primary key
field
record
table)
Answers
A database is a collection of information that is organized in a structured way to allow for efficient storage and retrieval of data. One of the most important components of a database is the table, which is a collection of related data organized into rows and columns.
The primary key is a unique identifier for each record in the table. It is a field or a combination of fields that uniquely identifies each record in the table. This is important for data integrity and ensures that there are no duplicate records. The primary key field can be a text field, number field, or any other data type.
A field is a specific piece of information in a table, such as a name, address, or date. Each field is given a specific name, and the data in the field must be of a specific data type.
A record is a complete set of information in a table. It is made up of all the fields in the table, and each record represents a single entity, such as a person, a product, or an order.
The table is the collection of records and fields. It is where all the data is stored and organized. Each table has a specific name and is made up of a specific set of fields.
In summary, a database table consists of fields, records, a primary key, and the table itself. Each of these components is essential for organizing and managing data efficiently. By understanding these components, you can create and maintain effective databases that meet your needs.
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Required information
The following information applies to the questions displayed below)
Cascade Company was started on January 1, Year 1, when it acquired $60,000 cash from the owners. During Year 1, the company earned cash revenues of $35,000 and incurred cash expenses of $18.300. The company also paid cash distributions of $4,000.
Required
Prepare a Year 1 income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows under each of the following assumptions. (Consider each assumption separately)
b. Cascade is a partnership with two partners, Carl Cascade and Beth Cascade. Carl Cascade invested $24,000 and Both Cascade Invested $36,000 of the $60,000 cash that was used to start the business. Beth was expected to assume the vast majority of the responsibility for operating the business. The partnership agreement called for Beth to receive 60 percent of the profits and Carl to get the remaining 40 percent. With regard to the $4.000 distribution, Beth withdrew $2,400 from the business and Carl withdrew $1,600.
Answers
The statement of cash flows indicates that operating activities provided net cash of $16,700. There were no investing activities reported, and the financing activities involved distributions to the partners of -$4,000. As a result, the cash balance increased by $12,700, from $23,000 at the beginning of the year to $35,700 at the end of the year.
From the given data, the financial statements for Cascade Company can be summarized as follows:
Income Statement (Year 1):
Revenue: $35,000.00
Expenses: $18,300.00
Net Income: $16,700.00
Capital Statement:
Beginning Balance: $0.00
Net Income: $16,700.00
Distributions to Carl and Beth: -$4,000.00
Ending Balance: $12,700.00
Carl's Capital:
Beginning Balance: $0.00
Distributions: $1,600.00
Beth's Capital:
Beginning Balance: $0.00
Distributions: $2,400.00
Balance Sheet (Year 1):
Assets:
Cash: $35,700.00
Liabilities:
None
Stockholders' Equity:
Carl's Capital: $12,400.00
Beth's Capital: $23,100.00
Total Stockholders' Equity: $35,500.00
Statement of Cash Flows:
Operating activities:
Net Income: $16,700.00
Adjustments:
Decrease in accounts payable: $0.00
Decrease in wages payable: $0.00
Increase in accounts receivable: $0.00
Decrease in inventory: $0.00
Net cash provided by operating activities: $16,700.00
Investing activities:
None
Financing activities:
Distributions to Carl and Beth: -$4,000.00
Net cash used by financing activities: -$4,000.00
Net increase in cash: $12,700.00
Cash, beginning of year: $23,000.00
Cash, end of year: $35,700.00
Explanation:
Based on the given information, the Cascade Company was started on January 1, Year 1, with a cash investment of $60,000 from the owners, Carl Cascade and Beth Cascade. In Year 1, the company generated cash revenues of $35,000 and incurred cash expenses of $18,300. Distributions of $4,000 were made to the partners, with Beth receiving $2,400 and Carl receiving $1,600.
The capital statement shows the beginning balance of $0, net income of $16,700, and distributions of $4,000. Beth's ending capital balance is $23,100, and Carl's ending capital balance is $12,400.
The balance sheet reflects total assets of $35,700, consisting of cash. There are no liabilities reported. The stockholders' equity section shows the capital balances of Beth and Carl. Beth's capital is $23,100, and Carl's capital is $12,400, resulting in a total stockholders' equity of $35,500.
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the higher the price, the fewer goods or services consumers will demand. conversely, the lower the price, the more goods or services they will demand.
Answers
Customers will seek less goods or services as prices rise. On the other hand, people would demand more goods or services if the price is lower.
What does supply and demand law entail?The link between producers and consumers of a good or service is a fundamental idea in economics. For instance, when the price is high, sellers are motivated to produce more, and vice versa as the price drops.
What makes the law of supply and demand crucial?The link between supply and demand is crucial because it helps to establish the costs and availability of the majority of goods and services in a given market. The interplay between supply and demand eventually balances out in accordance with the tenets of a market economy.
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What elements should a Persona include?
Customer’s income range
Photo of customer
Name of customer
Customer's age
All of the above
Answers
Answer:
all of the above
Explanation:
all of those elements should be included
This table shows the balance in an account if monthly deposits of $10 were compounded monthly.
Annual
Interest
Value at end of:
5 years
10 years
15 years
20 years
0%
$600
$1,200
$1,800
$2,000
2%
$630
$1,327
$2,097
$2,948
4%
$663
$1,472
$2,461
$3,668
6%
$698
$1,639
$2,908
$4,620
Suppose you plan to save $10 each month, as indicated in the table. You can either deposit it into a savings account at 6% interest or you can put it under your mattress for safekeeping. How much more money will you have at the end of 5 years if you choose the savings account instead of your mattress?
a.
$698
c.
$98
b.
$439
d.
$600
Answers
Answer:
Explanation:
b i think, if im wrong, then i apologize
Last month, Tech Industries sold its product for $50 per unit. Fixed production costs were $25,000, and variable production costs amounted to $10.50 per unit. Fixed selling and administrative costs totaled $15,000, and variable selling and administrative costs amount to $2.00 per unit. Tech Industries produced and sold 5,000 units last month.
Answers
Answer:
Operating profit = $147,500
Explanation:
Missing question is "What is the total operating profit?
Operating profit = Sale unit(Selling price - Variable Cost) - Fixed expenses
Operating profit = 5,000 * ($50 - $10.50 - $2.00) - $25,000 - $15,000
Operating profit = 5,000*$37.5 - $40,000
Operating profit = $187,500 - $40,000
Operating profit = $147,500
how do people progress in a business?
Answers
Answer:
with the proper leadership skill and hard work
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Why do I have eight brainiest but it still won't progress me to above ambitious it says I still need 5.
Answers
Answer:
because you might have had it before you made this role
Explanation:
In a team, constructive criticism should focus on what particular team members are doing wrong and how those mistakes hurt the team as a whole .True or false
Answers
Answer:
False
Explanation:
Constructive criticism should not only focus on what people are doing wrong, that is just to criticize someone, there is nothing constructive about that. Constructive criticism is about letting other team members know what they are doing well, and what they are doing not so well (or simply wrong), but it should also include how they can use their abilities and capabilities to correct their mistakes.
You should inform the person who is writing your letter of recommendation of
all of the following things except
A. where you are applying and why.
B. when the letter is due.
C. what you would like him or her to write.
D. what type of financial aid you are seeking.
Answers
Answer:
D.what type of financial aid you are seeking
Please help!! Unit test question 50 pnts!!!! Kyle is applying to be a police officer. In his interview, he describes that he loves watching the news and following current cases. He explains that he is honest, caring, compassionate, and has a very deep sense of integrity. He then explains that he is in excellent physical condition and trains regularly in hand-to-hand combat. He tells them that he is a member of the Police Explorers, a group that trains and rides along with the local police. He also tells them that he graduated at the top of his class and was a state finalist on the mock trial team. Which table accurately lists Kyle’s personal interests, skills, achievements, values, and experiences? A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries grades and mock trial finalist; physical condition and training; following cases on the news; honest, caring, compassionate, has integrity; Explorers. A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; honest, caring, compassionate, has integrity; grades and mock trial finalist; physical condition and training; Explorers. A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries grades and mock trial finalist; honest, caring, compassionate, has integrity; Explorers; physical condition and training; following cases on the news. A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; physical condition and training; grades and mock trial finalist; honest, caring, compassionate, has integrity; Explorers.
Answers
The table is A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; honest, caring, compassionate, has integrity; grades and mock trial finalist; physical condition and training; Explorers. The correct option is (B).
What do you mean by skills, interest?Passion (or Interests): Do I enjoy engaging in this activity? something that you enjoy doing? Is this an activity I have the talent (or skills) for?
There are three categories of skills: self-management, functional, and specialised knowledge. Functional skills are innate aptitudes or capabilities that are refined through practice and education.
Therefore, the table accurately lists Kyle’s personal interests, skills, achievements, values, and experiences is A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; honest, caring, compassionate, has integrity; grades and mock trial finalist; physical condition and training; Explorers.
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"At WainPort Industries, the firm’s senior managers approach marketing implementation with the belief that marketing strategy should be developed at the top of the organization and then transmitted to lower levels where frontline managers and employees implement it. What implementation approach is being used at WainPort?"
Answers
Answer:
The correct answer is: Implementation by command.
Explanation:
To begin with, in the field of marketing the "Command Approach" is understood as the method of implemantion by which the strategy is established in the top levels of the organization and then is transmitted to the whole other inferior levels in order to implement it and carry out the action that must be done as planned with the only purpose to accomplish all the goals preestablished. Therefore that WainPort is using that type of marketing implementation in the organization when they push the information from the higher levels to the lower levels.
he unsegmented strategy
Answers
The unsegmented strategy refers to an approach where a company targets the entire market as a whole, without dividing it into specific segments. In this strategy, the company develops a single marketing mix and promotional message that is intended to appeal to the entire target market.In an unsegmented strategy, the company assumes that the needs, preferences, and behaviors of the entire market are relatively similar, and therefore, a uniform marketing approach can effectively reach and satisfy the target audience.
However, this strategy may overlook the potential differences and unique characteristics among various market segments. By not considering segmentation, the company may miss out on opportunities to tailor its offerings to specific customer groups and provide more targeted and personalized marketing efforts.Segmentation allows companies to identify distinct customer groups with specific needs, preferences, and behaviors. By segmenting the market and developing tailored strategies for each segment, companies can potentially increase customer satisfaction, improve marketing effectiveness, and achieve a competitive advantage by better addressing the diverse needs of their customers. Therefore, while the unsegmented strategy may simplify marketing efforts, it may not fully leverage the benefits of segmentation in understanding and meeting popular demands.
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#1 You are driving down the highway when one of your tires suddenly blows out. You should
Pump your brakes rapidly, and steer your vehicle to control any skids.
Avoid using your brakes. Slow down gradually and concentrate on steering.
Press hard on your brake pedal and stop as quickly as you can.
Answers
what is a purpose of the acceptance and continuance of client relationships and specific engagements element of quality management?
Answers
Provide reasonable assurance that firms do not associate with clients whose management lacks integrity is a purpose of the acceptance and continuance of client relationships.
There are steps that can be taken to help lower the risk of taking on a problematic client from another company. It is equally crucial to keep an eye on both new engagements from existing clients and existing clients themselves to make sure they continue to meet the firm's acceptance criteria, which includes conflict of interest criteria.
With the goal of enhancing the quality of the work done by public accounting firms in the audit profession, Singapore Standard on Quality Control 1 proposes a number of methods that support firm-wide quality controls.
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Complete question
What is the primary purpose of the acceptance and continuance of client relationships and specific engagements element of quality control?
A. Guarantee that firms do not associate with clients whose management lacks integrity.
B. Provide reasonable assurance that firms do not associate with clients whose management lacks integrity.
C. Guarantee that firms will not be sued as a result of association with a client.
D. Provide reasonable assurance that firms will not be sued as a result of association with a client.
Facilities factories and production lines with very large equipment are classified as
Answers
Facilities, factories, and production lines with very large equipment are classified as heavy industries. Heavy industries typically involve the manufacturing of large and bulky products such as automobiles, aircraft, machinery, and chemicals.
These industries require specialized infrastructure and machinery to handle the size and weight of the equipment and products involved.
In heavy industries, facilities like factories and production lines are designed to accommodate the specific needs of the production process. They often include large-scale machinery, such as assembly lines, conveyor belts, cranes, and storage systems. These facilities are equipped with heavy-duty equipment to handle the raw materials and components used in the manufacturing process.
For example, an automobile manufacturing plant would be classified as a heavy industry facility because it requires large production lines and machinery to assemble vehicles. Similarly, a steel mill or a chemical plant would also be classified as heavy industries due to the massive equipment and infrastructure involved in their production processes.
In summary, facilities, factories, and production lines with very large equipment are classified as heavy industries, which specialize in the manufacturing of large and bulky products.
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when smart electric condensed all its parts factories into one large location, the company increased research and development and customer service, and decreased its sales force. how would this practice help the company to become a low-cost producer?
Answers
As smart electric condensed all its parts factories into one large location, the company increased research and development and customer service, and decreased its sales force, this practice would help the company smart electric condensed all its parts factories into one large location, the company increased research and development and customer service, and decreased its sales force by constructing efficient large-scale facilities.
Smart Electric condensed saw the potential for not only a cost savings, but also an improvement in their operations when they decided to consolidate all their parts factories into one large location.
This move enabled them to increase their research and development, as well as their customer service, while simultaneously decreasing their sales force.
This was accomplished by constructing efficient large-scale facilities that allowed for the production of all their parts under one roof. The cost savings and increased efficiency enabled them to better serve their customers and make better use of their resources.
As a result, Smart Electric has been able to provide its customers with quality products and services, while reducing its overhead costs.
The consolidation of their parts factories into one large location has been instrumental in allowing Smart Electric to succeed.
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Which of the following choices is not a step that can reduce your spending?
a.
eating at home, rather than dining out
b. using budgeted cash only
c. forgoing premium cable TV channels
d. purchasing reduced fat lattes during the week
Answers
Out of the given options, you won't reduce your spending by d. purchasing reduced fat lattes during the week.
How can we reduce spending?The best way to reduce spending is by spending less on things that we don't need or that we can do without.
In this case, spending on fat lattes won't be a way to reduce spending because they aren't very significant.
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What is Anderson hoping to do as a next step and why
Answers
Answer:
To make the game into an app
Explanation:
Interestingly, William Anderson was passionate about what he was doing; this passion led Anderson to think about making his Wealth Effect Game an app.
Why? Because he realized that most people lacked basic financial skills and his goal was to to make an app that would allow teachers throughout the country teach their students financial literacy effectively.
Your parents set up a trust fund for you 18 years ago that is now worth R32 786,51. If the fund earned 6% per year, how much did your parents invest? Suppose you are offered an investment that will allow you to double your money in 8 years. You have R10 000 to invest. What is the implied rate of interest? 3.2 Suppose you have a 1-year old daughter and you want to provide R81 000 in 19 years towards her college education. You currently have R2 000 to invest. What interest rate must you earn to have the R81 000 when you need it? 3.3 Suppose you want to buy a new house. You currently have R15 000 and you figure you need to have a 10% down payment plus an additional 5% of the loan amount in closing costs. If the type of house you want costs about R150 000 and you can earn 8.1% per year, how long will it be before you have enough money for the down payment and closing costs?( 6 Marks)
Answers
3.1. Amount invested by parents 18 years ago = R11,486.56. 3.2. Implied rate of interest = 9.5% or 9%. 3.3. Interest rate to have the R81,000 when needed = 21.49% or 21.5%. 3.4. Time required to have enough money for the down payment and closing costs = 4.8 years. The whole calculation is shown in the attached image below.
The interest rate is the percentage at which a lender charges for borrowing money or the percentage a bank pays to an individual or entity for depositing money. It represents the cost of borrowing or the return on investment for lending. The interest rate is usually expressed as an annual percentage and is applied to the principal amount of a loan or investment.
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If the carrier has refused to pay a freight claim, then the claimant has _____ from the time the claim was disallowed to file for legal relief in the courts.
Answers
Answer:
2 years
Explanation:
Freight claim, sometimes referred to as shipping claim, is a term that describes a form of legal demand by a shipper or consignee to a carrier in respect to financial reimbursement for the loss or damage of a shipment.
According to the United States of America's Carriage of Goods by Sea Act (COGSA), which stated that, in a situation whereby the carrier has refused to pay a freight claim, then the claimant has 2 YEARS from the time the claim was disallowed to file for legal relief in the courts.
Hence, in this case, the correct answer is 2 Years.
3. The owner of a specialty delicatessen buys baskets, decorates and fills them with food items, and
sells them as one of the products in the shop. The entrepreneur sells an average of 130 baskets a
month The basket supplier charges $0.50 per basket. The entrepreneur would like to reduce his
variable costs and has found a basket supplier who will charge only $0.40 per basket. How much
will the delicatessen owner save in a year by changing suppliers?
Answers
Answer:
$156
Explanation:
he old price per basket is $0.50 per basket
the new supplier has a price of $0.40 per basket
Savings per basket is $0.10 ($.50- $0.40)
The average sales per month are 130 baskets.
The average savings per months will be
=$0.10 x 130
=$13
yearly savings will be
=$13 x 12 months
=$156
inflation does not affect both local and international business true or false
Answers
Answer:
true
Explanation:
inflation effects every aspect of the economy
The assertion is incorrect. International and domestic companies are both impacted by inflation. Every sector of the economy is impacted. As a result, choice (B) is accurate.
What is inflation?
In economics, inflation refers to a broad increase in the cost of products and services across the board. The purchasing power of money decreases when the general price level rises, which is why inflation is often known as a rise in prices.
Deflation is the antithesis of inflation and refers to a persistent drop in the general level of prices for goods and services. The inflation rate, which is the annualized percentage change in a general price index, is a commonly used indicator of inflation.
The majority of economists concur that chronic excessive expansion in the money supply is the primary driver of high inflation as well as hyperinflation, both of which have extremely disruptive consequences on the actual economy.
Hence, option (B) is the right answer to this question.
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Why would an insurance company charge an inexpensive copay when considering claims that will likely be hundreds or thousands of dollars?
Answers
although china has adopted many_______ practices since the 1950s
Answers
Although China has adopted many socialist practices since the 1950s.
it has also embraced some capitalist principles and opened up to the world economy. This economic transformation began in the late 1970s under the leadership of Deng Xiaoping, who implemented policies such as the Household Responsibility System and the establishment of Special Economic Zones. These policies encouraged individual entrepreneurship and foreign investment, leading to significant economic growth and development. However, the government still maintains a high degree of control over certain industries and sectors, and there remains a strong emphasis on socialist values and principles. Overall, China has blended elements of socialism and capitalism to create its unique economic model, which has proven to be successful in many ways.
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