Workman Software has 11.8 percent coupon bonds on the market with 15 years to maturity. The bonds make semiannual payments and currently sell for 108.7 percent of par.a. What is the current yield on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)b. What is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)c. What is the effective annual yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answers
a) Workman Software's 11.8% coupon bonds with 15 years to maturity are currently selling for 108.7% of par value. b) The current yield on the bonds is 10.85%, while the yield to maturity (YTM) is 5.31%. c) The effective annual yield (EAY), taking into account compounding, is 11.94%.
a. The current yield is the annual interest payment divided by the current market price of the bond.
Since the bond has a 11.8% coupon rate on a $1,000 face value bond, the annual interest payment is (0.118 * 1000) = $118.
Since the bond currently sells for 108.7% of its par value, or $1,087, the current yield is ($118/$1087) * 100% = 10.85%.
b. To find the yield to maturity (YTM), we need to solve for the discount rate that equates the present value of the bond's cash flows to its current market price.
Using a financial calculator or spreadsheet software, we can input the following variables: N=30 (since there are 15 years and semiannual payments), PV=-1,087, PMT=59 (half of the annual interest payment), and FV=1,000.
Solving for the interest rate, we get a YTM of 5.31%.
c. The effective annual yield (EAY) takes into account the effect of compounding on the semiannual interest payments.
We can calculate the semiannual interest rate by dividing the annual interest rate by 2: 11.8%/2 = 5.9%. Using the formula EAY = (1 + (0.059/2))^2 - 1, we get an EAY of 11.94%.
This means that if we reinvested the semiannual interest payments at the same rate, the bond would earn an equivalent annual rate of return of 11.94%.
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Related Questions
Bottle Breacher was a successful company that began with crowdfunding through the television show Shark Tank. This is an example of the ______ model of crowdfunding, where an entrepreneur offers a stake in the company in exchange for backing.
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Considering the situation described above, this is an example of the "Reward-based" model of crowdfunding.
This is because a reward-based crowdfunding model is a type of crowdfunding that gives the donor something of value in return.
These rewards may be in the form of commodities, services, discounts, or adverts, etc.
There are various types of crowdfunding models. The most common types are the following:
Equity-based model;Donation or social-based model;Lending model;Reward-based model.Hence, in this case, it is concluded that the correct answer is the "Reward-based model" of crowdfunding.
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1) Suppose you have a team of two workers: one is a baker and one is a chef. Explain why the kitchen can produce more meals in a given period of time if each worker specializes in what they do best than if each worker tries to do everything from appetizer to dessert. 2) A consultant works for $200 per hour. She likes to eat vegetables, but is not very good at growing them. Why does it make more economic sense for her to spend her time at the consulting job and shop for her vegetables? 3) What would be another example of a "system" in the real world that could serve as a metaphor for micro and macroeconomics? 4) Why do you think that most modern countries’ economies are a mix of command and market types? 5) What are the similarities between a consumer’s budget constraint a
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Which of the following is true about the information-gathering process in competitive analysis? * (1 Point) It is a process that requires expert help and is relatively expensive. It can be relatively inexpensive and easy for the small business owner to conduct. It is an expensive process which only large companies can afford. It is a process closely regulated by various federal laws which prohibit doing things like purchasing competitive products and analyzing them.
Answers
The information-gathering process in competitive analysis can be relatively inexpensive and easy for the small business owner to conduct. However, it is important to note that this may not always be the case and it may require expert help in certain situations.
There are a variety of methods that businesses can use to gather information on their competitors, ranging from simple online research to more complex market research studies. While some of these methods may require the assistance of experts, such as hiring a market research firm or consultant, there are many resources available for small business owners to conduct their own research.
Additionally, federal laws do not prohibit businesses from purchasing competitive products and analyzing them, but there are regulations around how this information can be used and shared. It is important for businesses to understand and comply with these laws in order to avoid any legal issues. Overall, the cost and complexity of the information-gathering process in the competitive analysis will depend on the specific business and industry, but it is possible for small business owners to conduct their own research with the right resources and knowledge.
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Which of the following is a protected class?
A. Educational status
B. Marketers
C. Benefits
D. Age
Answers
Answer:
D. Age
Explanation:
Protected class refers to the class in which the employees protected from discrimination by law. It can be in terms of age, religion, race, color etc. The persons who have age of 40 years or above is covered under the Age Discrimination in Employment Act (ADEA).
Therefore according to the given situation the correct answer is D.
Why are positive customer relations important?
Answers
Answer:
So the consumers knows they have a positive review on buying something from you and they will most likely come back to buy more
How much should someone’s loan payment be if their total income is $100?
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Someone’s loan payment if their total income is $100 should be 30 times their monthly income.
The loan payments means the amounts required to be paid by the borrower in repayment of the loan pursuant to the provisions of the loan agreement, the note and the bond mortgage.
In most cases, lenders consider approximately 50-75% of the net income as instalments. In case your expenses exceed the percentage, banks either increase the tenure of the loan or reduce the amount sanctioned.
Additionally, to minimise the risk of default, lenders keep the EMIs of the loan to about 45-60% of your monthly income.
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WILL MARK BRAINLIEST What goods and services do the medical/business course department purchase?
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Answer:
They buy a variety of things including but not limited to, drugs, equipment, etc.
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The following information is available for Trinkle Company for the month of June:
The unadjusted balance per the bank statement on June 30 was $55,296.
Deposits in transit on June 30 were $2,745.
A debit memo was included with the bank statement for a service charge of $18.
A $5,212 check written in June had not been paid by the bank.
The bank statement included a $1,450 credit memo for the collection of a note. The principal of the note was $1,420, and the interest collected amounted to $30.
Required:
Determine the true cash balance as of June 30. (Hint: It is not necessary to use all of the preceding items to determine the true balance.)
Answers
Thus, $54,261 is the actual cash balance as of June 30.
How is the actual cash balance determined?By summing the money collected and deducting the money spent, you arrive at that. The cash balance is the total sum of cash available. To obtain that, add this month's cash flow to the cash amount from the previous month, or remove if the cash flow is negative.
How do you determine the monthly cash balance?Closing Balance is the sum of your Starting Balance (the amount in your bank at the beginning), Total Income (the amount that comes in), and Total Expenditure (the amount that leaves your account) (what money you have left). The opening balance is the sum of money on hand at the start of each month (1st day of month)
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What types of procedures in schools could benefit from TQM? If students are regularly late for classes, how can the school use TQM tools to help solve the problem?
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SO THE ANSWER FOR THE TWM IS
393
Prior to the existence of the secondary market, mortgage terms were often
A. High interest rate fixed-rate mortgages
B. Truth in lending act
C. Buy mortgages and create mortgage-backed securities
D. Interest rate risk
Answers
Prior to the existence of the secondary market, mortgage terms were often (A) High interest rate fixed-rate mortgages.
In the absence of a secondary market, lenders faced increased risk when issuing mortgages. As a result, they often offered high interest rates to compensate for the potential losses and uncertainties associated with holding onto the mortgage loans until maturity. These high interest rates provided lenders with a greater return on their investment and helped offset the risks involved in lending long-term.
Fixed-rate mortgages were also common during this period. With a fixed-rate mortgage, the interest rate remains constant throughout the life of the loan, providing borrowers with predictability and stability in their mortgage payments. This structure allowed lenders to assess and price the risk associated with the loan upfront, considering factors such as the borrower's creditworthiness and the prevailing interest rate environment.
The development of the secondary market, including the creation of mortgage-backed securities, has had a significant impact on the mortgage industry. It has allowed lenders to sell their mortgages to investors, reducing their exposure to interest rate risk and providing them with liquidity to issue new loans. This, in turn, has facilitated the availability of more diverse mortgage products and increased competition among lenders, leading to greater affordability and options for borrowers.
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An individual who faces a binding borrowing constraint will have a higher marginal propensity to consume compared to an individual who is unconstrained from borrowing.a. Trueb. False
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True. An individual who faces a binding borrowing constraint means that they are limited in the amount of funds they can borrow to finance their consumption or investment.
This constraint could be due to their credit history, income, or other factors that affect their ability to borrow money. As a result, they will have a higher marginal propensity to consume (MPC) because they have limited access to credit and need to spend a higher percentage of their income to maintain their standard of living.
On the other hand, an individual who is unconstrained from borrowing has more flexibility in their spending habits and can adjust their consumption patterns based on their income. They can choose to save more or invest more, which would result in a lower MPC. Therefore, it is true that an individual who faces a binding borrowing constraint will have a higher MPC compared to an unconstrained individual.
In conclusion, the statement is true that an individual who faces a binding borrowing constraint will have a higher MPC compared to an unconstrained individual. This is because they have limited access to credit and need to spend a higher percentage of their income to maintain their standard of living.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
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It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Greg purchased a life insurance policy which will pay $1 million to Jorge in the event of Carrie's death. Given this information Greg is the _________, Jorge is the __________ and Carrie is the __________.
Answers
Greg is the policyholder or the insured person who purchased the life insurance policy. Jorge is the beneficiary who will receive the $1 million payout in the event of Carrie's death.
Carrie is the person whose life is insured and whose death triggers the payment of the life insurance benefit to Jorge. It is important to note that a life insurance policy can have multiple beneficiaries, and the policyholder can choose who receives the benefit in the event of their death.
The beneficiary does not necessarily have to be a family member, and it is not uncommon for policyholders to choose a charity or organization as the beneficiary.
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State one financial objective for LEGO.
3 Marker
Answers
Answer: Building, un-building, rebuilding, thereby creating new things and developing new ways of thinking about ourselves, and the world.
Explanation: looked at Lego. com.
I hope it’s right, sorry if it’s not. Best of luck :)
3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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3. Businesses not associated with the government are referred to as what type of jobs?
a. Public Sector
b. For Profit Sector
C. Private Sector
d. None of the above
Answers
Answer:
Private Sector
Explanation:
I'm fairly confident this is it, but I'm not too sure. Sorry to disappoint
Sometimes the government will step in when they feel the need to encourage competition in
a particular industry and to break up companies that have nearly complete control over a
particular market. What is it called when the government initiates action against companies
that appear to have too much power?
A.consumer protection
B.OSHA
C.monopolies
D.antitrust suits
Answers
Mauldin Company makes sales on which a 5% sales tax is assessed. The following summary transactions were made during 2019:
1. Sales for cash of $1,665,400, excluding sales taxes
2. Sales on credit of $2,820,500, excluding sales taxes
3. Sales taxes of $168,220 were paid to the state government during 2019
Required:
1. Prepare journal entries to record the preceding transactions.
2. Show how the unpaid sales taxes would be reported on Mauldin’s December 31, 2019, balance sheet.
Answers
To record the transactions in the journal, we debit the respective accounts (Cash or Accounts Receivable) for the sales amount and credit Sales Revenue. The payment of sales taxes is recorded by debiting Sales Tax Payable and crediting Cash. Unpaid sales taxes are reported as a liability (Sales Tax Payable) on the balance sheet.
To record the transactions in the journal, we debit the respective accounts (Cash or Accounts Receivable) for the sales amount and credit Sales Revenue. The payment of sales taxes is recorded by debiting Sales Tax Payable and crediting Cash. Unpaid sales taxes are reported as a liability (Sales Tax Payable) on the balance sheet.
To record the transactions in Mauldin Company's journal, we will use the following accounts:
- Cash: to record cash sales
- Accounts Receivable: to record credit sales
- Sales Revenue: to record the total sales amount
- Sales Tax Payable: to record the amount of sales tax owed to the state government
1. Journal entries for the transactions:
a) Cash sales of $1,665,400 (excluding sales tax):
- Debit: Cash $1,665,400
- Credit: Sales Revenue $1,665,400
b) Credit sales of $2,820,500 (excluding sales tax):
- Debit: Accounts Receivable $2,820,500
- Credit: Sales Revenue $2,820,500
c) Payment of $168,220 sales taxes to the state government:
- Debit: Sales Tax Payable $168,220
- Credit: Cash $168,220
2. Reporting unpaid sales taxes on Mauldin's December 31, 2019, balance sheet:
The unpaid sales taxes would be reported as a liability on the balance sheet under the account "Sales Tax Payable." This account represents the amount of sales tax collected from customers but not yet remitted to the state government.
In conclusion, to record the transactions in the journal, we debit the respective accounts (Cash or Accounts Receivable) for the sales amount and credit Sales Revenue. The payment of sales taxes is recorded by debiting Sales Tax Payable and crediting Cash. Unpaid sales taxes are reported as a liability (Sales Tax Payable) on the balance sheet.
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what is medium level profession
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Hope it helps :)
For proper operation instructions of the jointer
Answers
Answer:
Consult the manufacturer's manual or seek professional assistance for proper operation instructions of the jointer.
Explanation:
Jointers are powerful and potentially dangerous woodworking tools that require proper handling and operation to ensure safety and effectiveness. It is important to consult the manufacturer's manual for specific instructions on how to properly operate the jointer, including safety precautions, proper setup, and maintenance procedures. The manual may also provide guidance on selecting the right blades and adjusting the machine for optimal results. In addition, it may be helpful to seek professional assistance or training on how to use the jointer safely and effectively, especially if you are a beginner. This will ensure that you are using the tool properly and minimizing the risk of injury or damage to the machine. Therefore, for proper operation instructions of the jointer, it is recommended to consult the manufacturer's manual or seek professional assistance.
For proper operation instructions of the jointer Rabbeting.
Joiners are strong, possibly dangerous woodworking tools that need to be handled and used correctly to be safe and effective. For detailed instructions on how to use the jointer safely, correctly, and in terms of setup and maintenance, it is crucial to refer to the manufacturer's manual.
Choosing the best blades and tuning the machine for best results may both be covered in the manual. Additionally, especially if you are a newbie, it may be beneficial to seek out expert advice or instruction on how to use the jointer securely and successfully.
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Your question is incomplete, but most probably the full question was.
For proper operation instructions of the jointer is ______
... is an economic system where consumers can choose what to buy and where to buy
A. Planned economic system
B. Mixed economic system
C. Market economic system
D. Tradition economic system
Answers
it is C. Market Economic system!
as I read and knew once I found of by reading the sentence you put.
to check out more and I give credits also too for the information https://flexbooks.ck12.org
for confirming it for me. and you can find out more about Economic Systems there for sure also !!
Answer:
it can be either mixed or a market economy
Explanation:
Mandy wants to mention detailed information about her hobbies, personal qualities, strengths, and professional achievements in a document she can show her prospective employer. Which job search document can Mandy use to input all these details? A. résumé B. cover letter C. application D. career portfolio
Answers
Answer:
Career portfolio I think
Explanation:
Tell me if I am wrong please.
what are some choices you have made/could make that would influence your future choices and options?
i rly need someone's help asap, thanks in advance! (not business, it's career ed. just chose the subject closest to it).
Answers
Answer:
I would have good company.
I would ensure that I have good communication skills.
I would have a mentor in my choice of career/study or life in general.
I would have a personal relationship with God.
Explanation:
In order for me to influence my future choices positively,I have to uphold certain principles or values like honesty,open mindedness and tolerance so as to achieve my goals.
Lightskins or Darkskins
Or Other ?
Answers
Answer:
any kind of boy
Explanation:
I have no type
How do you determine what happens to productivity when a product's inputs change? *
Answers
Which law or regulation requires that the ceo and cfo of public companies must certify in writing that their company’s annual and quarterly reports are accurate and complete?.
Answers
The Sarbanes-Oxley Act of 2002 is the law that requires that the ceo and cfo of public companies must certify in writing that their company’s annual and quarterly reports are accurate and complete.
What is a law?
This is the term that is used to refer to the legal rules and regulations that have being set up in a place that has the aim of being able to guide the behaviors of the people that live in a particular geographical area.
The section 302 of this law is what requires the CEOs to do what has been requested in this question that we have here.
The Sarbanes-Oxley Act of 2002 was passed by the congress of the United States. The reason why that law was passed was deu to the fact that the investors in the nation were to be protected from all activities of fraud.
Hence we would say that The Sarbanes-Oxley Act of 2002 is the law that requires that the ceo and cfo of public companies must certify in writing that their company’s annual and quarterly reports are accurate and complete.
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Why is it hard to predict positive Moments of Reality (MORs)? A. Because they are negatively influenced by lifetime customer value. B. Because they differ by customer, and by time of year. C. Because most companies use moments of truth, which are in conflict with Moments of Reality. D.Because it is difficult to tell if a Moment of Reality is negative or positive.
Answers
Answer:
B. Because they differ by customer, and by time of year.
Explanation:
Moments of reality are hard to predict as it varies from customer to customer. All customers have different values and they rate a product or service according to their own values. Moments of reality can be positive or negative and they are influenced by customer experience.
How to calculate momentum?
Answers
Answer:
p=mv
Explanation:
the formula for momentum is
p=mv
Answer:
By multiplying mass and velocity
Explanation:
In July, a toy store entered into a written agreement with a local supplier for 500 Halloween costumes at $25 per costume. Under the agreement, the costumes were to be delivered on or before October 1. On August 17, the supplier told the store that it would not under any circumstances be able to supply the costumes. The next day, the store contracted with a company to supply 500 similar Halloween costumes for $30 each for delivery on or before October 5. On September 1, the store filed a complaint against the local supplier for breach of contract. The supplier moves to dismiss the complaint. How should the court rule on this motion
Answers
Answer:
B. Deny it, because the supplier repudiated its contractual obligation.
Explanation:
Since in the given situation it is mentioned that On sept 1 the store has filed the complaint for the supplier in order to breach the contract and the supplier dismiss the complaint so here the court rule would deny as the supplier repudiated its contractual obligation towards the contract
So as per the given situation, the option b is correct
And, the same should be considered
Barton health services provided care to a patient worth $1,200. Because the patient was over the age of 65, barton granted the patient a 20% discount and the customer paid the correct amount in cash. How would barton record the service transaction?.
Answers
If Barton health services provided care to a patient worth $1,200. Because the patient was over the age of 65, barton granted the patient a 20% discount and the customer paid the correct amount in cash. How would barton record the service transaction is : Debit Cash, 960; Credit Service Revenue 960.
Journal entrySince the company provide care to patient that worth the amount of $1,200 in which the company as well gives 20% discount to its patient. The appropriate journal entry to record the transaction is :
Barton health services journal entry
Debit Cash 960
Credit Service Revenue 960
[ 1,200 - ( 1,200 × .20) ]
( 1,200 -240 = $960)
( To record sales revenue )
Therefore we can conclude that the company will debit cash of the amount of $960 and credit sales revenue of the amount of $960.
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