3Ts Corp. will start selling 10-year bonds today. The bonds have semiannual coupon payments, an annual coupon rate of 8%, and a par value of $1,000. The yield to maturity (YTM) for this bond is expected to be 10%. What is the price of the bond today? A. 770.60 B. 811.67 C. 1,000.00 D. 877.11 E. 875.38

Answers

Answer 1

Answer:

E. 875.38

Explanation:

The computation of the price of the bond today is as follows

Given that

Future value = $1,000

PMT = $1,000 ×8% ÷2 = $40

NPER = 10 × 2 = 20

RATE = 10% ÷ 2 = 5%

The formula is given below:

= -PV(RATE;NPER;PMT;FV;TYPE)

After applying the above formula the price of the bond today is $875.38

Here the present value formula is applied to determine the same

Therefore the last option i.e. E is correct


Related Questions

Equipment that cost $653000 and has accumulated depreciation of $280000 is exchanged for equipment with a fair value of $480000 and $120000 cash is received. The exchange lacked commercial substance. The gain to be recognized from the exchange is $293000 $50600 $200000 $93000

Answers

Answer:

$50,600

Explanation:

Calculation for The gain to be recognized from the exchange is

Gain to be recognized= (12000+(12000/480000)*25300

Gain to be recognized= $50,600

Therefore The gain to be recognized from the exchange is $50,600

Jerry is the owner of product X and the demand for product X has risen. To meet the high demand, Jerry lowered the price of product X which caused customers to buy more of it. From this scenario, which of the following occurred?

a. Demand elasticity
b. An inelastic
c. A unit elastic
d. An adequate substitute

Answers

Answer:

Explanation:

Demand elasticity is defined as the degree to which quantity of a good changes with changes in price.

The law of demand states that with all things being equal an increase in price of a good results in an decrease in quantity demanded and vice versa.

This means relationship between quantity demanded and price is inverse.

In the given instance Jerry want to increase the demand for product X. To do this he reduces the price of the product.

People tend to buy more at cheaper price and demand drops as price increases (becomes more expensive)

Mr.and Mrs.Hawell want to file thier income tax return together. Which filling status should they use?

Answers

Answer:

married

Explanation:

dont really have one

Answer:

I took that test, the examples to choose from are:

1.)Head of House Hold

2.) Married Filing Jointly

3.) Married Filing Separately

And I know that Answer is:

2.) Married Filing Jointly

Explanation:

Married filing jointly alludes to a filing status for married couples that have marry before the finish of the assessment year. When documenting under wedded documenting mutually status, couples can record their individual earnings, exceptions and derivations on a similar assessment form. Married filing jointly is ideal if just a single life partner has a critical salary.

What is the prime reason that Jenny's discretionary income is more volatile than her salary?
A. Her cost of living is affected by high inflation in the neighborhood
B. Her tax rate remains 30%
C. Her mortgage payments and necessities are fixed
D. Her discretionary income and salary are equally volatile

Answers

Answer:

c. Her mortgage payments and necessities are fixed

Explanation:

Discretionary income is the remaining income after being paid out for all fixed expenses (i.e. Discretionary income = Salary - Mortgage - Income tax etc). The primary reason for variability in it is due to the mortgage payment and fixed expenses from the basic salary received.

So, option c is correct while other options are incorrect as tax does not affect as well as cost of living

An auto repair shop orders cleaning rags in batches of 160 boxes. This inventory is depleted at a constant rate and new rags are ordered to arrive exactly when the on-hand inventory of rags reaches zero boxes. What is the average inventory level over time?

Answers

Answer:

80

Explanation:

Given that number of orders = 160 boxes , On hand inventory = 0

The formula for Average inventory level is given below:

Average inventory level = (Number of orders + On hand inventory) / 2

Average inventory level = 160 + 0 / 2

Average inventory level = 160 / 2

Average inventory level = 80

Therefore, the average inventory level over time is 80

Kenny is concerned that the amount of spam he is receiving is making him less productive at work. He knows that the
FTC is taking steps against spammers, so he begins to forward spam to them at

Answers

Answer:

Sorry, I could not type the answer here directly because it doesn't allow me.

It should be "spam" followed by "at" (the symbol sign) and "uce" plus "." and "gov"

There should be no spaces.

Explanation:

A "spam" refers to an email that you do not want in your inbox. They are mostly intended for commercial purposes–including some emails that are deceptive. There are actually many ways to reduce the amount of spam reaching your email. For example, you could use an email filter or choose a unique email address.

Kenny above wants to report the spam he is receiving, thus, he needs to forward it to the Federal Trade Commission (FTC). They are responsible for helping Kenny clear his inbox from spams.

Jacob works as a salesperson at a cosmetics showroom. The other day, Jacob worked with a customer who was checking out a product. Jacob,
sensing the customer's interest in the product, mentioned a gift that comes with the product. This information motivated the customer to make
the purchase. Which closing technlque did Jacob use in this scenario?
OA. opinions count close
OB. assumptlve close
OC. something for nothing close
OD. Impending event close
OE. Sollciting
tions close

Answers

Answer:

C. something for nothing close

Explanation:

The something for nothing closing strategy means adding something additional for free. In this case, Jacob was able to close the sale because he offered a free gift to the customer. Of course nothing is free, the cost of the gift is included in the price of the cosmetic, but the customer will evaluate the situation with the free gift or without the free gift.

Answer:

c) something for nothing close

Explanation:

As you know, the United States has consistently run a trade deficit for the past forty years. In which quarter(s), did the trade deficit fall?

Answers

Answer:

The United States has consistently run a trade deficit for the past forty years and the trade deficit fall is explained below in details.

Explanation:

The United States commerce deficit fell for the initial time in six ages in 2019 as President Donald Trump pounded China with import expenses. The Commerce Department said Monday that the hole among what the United States trades and what it purchases abroad dropped 1.8% last year to $626.9 billion.

A fraud examiner can request a business’s bank records even if the business is not legally obligated to comply.a) trueb) false

Answers

Answer:

false

Explanation:

The cash basis of accounting is acceptable primarily in enterprises that do not have substantial credit transactions or inventories.
a) true
b) false

Answers

Answer:

a) true

Explanation:

Cash basis of accounting is the recognition of transactions when the cash is paid or received not when they occur or incur. When an entity does not have substantial credit transactions or inventories it is convenient for them to use the cash basis since these credit transactions do not happen frequently.

Jelco has a target debt-to-value ratio of .55. The pretax cost of debt is 8.6 percent, the assumed tax rate is 24 percent, and the unlevered cost of equity 13.4 percent. What is the target cost of equity

Answers

Answer:

17.21%

Explanation:

Calculation for What is the target cost of equity

Target cost of equity= 13.4% + (13.4% - 8.6%) (.55 / .45) (1 - 35%)

Target cost of equity= 13.4% + (4.8%) (.55 / .45) (1 - 35%)

Target cost of equity=17.21%

Therefore the target cost of equity is 17.21%

Vaughn Manufacturing lends Wildhorse Co. $51600 on April 1, accepting a four-month, 6% interest note. Vaughn Manufacturing prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared

Answers

Answer: See explanation

Explanation:

Based on the scenario in the question, there will be a debit to interest receivable in the amount of:

= $51600 × 6%/12

= $51600 × 0.06/12

= $51600 × 0.005

= $280

Interest revenue will also be credited in the amount of $280

Debit: Interest receivable $280

Credit: Interest revenue $280

Office Depot has leveraged its store, website, and catalog channels with impressive results. The promotion of all three information and delivery channels indicates that Office Depot would like its customers to think of all of its channels as Office Depot. Office Depot is likely following a(n) __________ strategy.

Answers

Answer:

multichannel marketing

Explanation:

Marketing mix can be defined as the various choices about distribution strategy, product attributes, pricing strategy and communication strategy that a business firm or company make available to its targeted markets.

Generally, a marketing mix is made up of the four (4) Ps;

1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.

2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.

3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.

4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.

In this scenario, Office Depot has leveraged its store, website, and catalog channels with impressive results. The promotion of all three information and delivery channels indicates that Office Depot would like its customers to think of all of its channels as Office Depot. Office Depot is likely following a multichannel marketing strategy.

A multichannel marketing can be defined as a mix of various promotional, communications and distribution channels to make goods and services available to the customers.

Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 335,000 Variable expenses 184,250 Contribution margin 150,750 Fixed expenses 107,000 Net operating income $ 43,750 What is total contribution margin if sales volume increases by 20%

Answers

Answer:

New contribution margin = $180,900

Explanation:

Given:

Total Sales = $335,000

Variable expenses = $184,250

Contribution margin = $150,750

Fixed expenses = $107,000

Net operating income = $43,750

Find:

New contribution margin if sales volume increases by 20%

Computation:

New sales = 335,000 x (1+20%)

New sales = $402,000

New variable expenses = $184,250 x (1+20%)

New variable expenses = $221,100

New contribution margin = New sales - New variable expenses

New contribution margin = $402,000 - $221,100

New contribution margin = $180,900

What challenges may arise if a U.S. project manager moves to a foreign country to manage a project for 5 years

Answers

Answer and Explanation:

The challenges that occurs is as follows;

1. Adaption of an outside atmosphere

2. Language related problem

3. Every person have different kind of understanding skills that is difficult also it must be adopted for explaining the project to the other people

So as per the given statement, the above represent the challenges that arise in the case when the project manager shifted to a foreign country for managing a project of 5 years

12. The Keystone Company has two divisions, A and B. Assume the following data for the two divisions for March: Division A Division B Sales $45,000 $80,000 Variable expenses as a percentage of sales 60% 80% Segment margin $5,000 $14,000 If total net income for the Keystone Company was $8,000, then how much were the total traceable and common fixed expenses for the Keystone Company

Answers

Answer:

The Keystone Company

The total traceable and common fixed expenses for the Keystone Company is:

$26,000

Explanation:

a) Data and Calculations:

Divisions                      A              B            Total

Sales                      $45,000    $80,000   $125,000

Variable expenses   60%          80%

Variable expense   27,000      64,000         91,000

Contribution          $18,000    $16,000       $34,000

Traceable fixed

 expense                13,000       2,000          15,000

Common fixed expense                                  ?

Total net income     5,000       14,000           8,000

The common fixed expense = $11,000

Total traceable and common fixed expenses = $26,000 ($34,000 - 8,000)

Diane is a self-employed graphic designer with a qualified in-home office. Which of the following is not a business expense for Diane?
A. 80% of expenses attributable to business lunches.
B. Tax preparation fees relating to the consulting business.
C. Direct and indirect expenses of using the home for business purposes.
D. Legal expenses attributable to her business.

Answers

Answer: A. 80% of expenses attributable to business lunches.

Explanation:

Based on the options given, the business expense for Diane would be tax preparation fees relating to the consulting business, the direct and indirect expenses of using the home for business purposes and the legal expenses attributable to her business.

It should be noted that 80% of expenses attributable to business lunches is the correct option. This is a sort of trick question. Why should only 80% of the lunch expense be attributable and not the whole 100%.

The correct option is A.

A firm has 120,000 shares of stock outstanding, a sustainable rate of growth of 3.8%, and $648,200 in next year's free cash flow. What value would you place on a share of this firm's stock if you require a 14% rate of return

Answers

Answer: $52.96

Explanation:

Based on the information given in the question, the value that should be placed on a share of this firm's stock if a 14% rate of return is required would be:

= [648200/(14%-3.8%)]/120000

= (648200/10.2%)/ 120000

= $52.96

As a human resource manager, how would you recommend that a part-time
employee is compensated?

Answers

Answer:

C. Part-time employees should be compensated with an hourly wage

because the number of hours they may work each month

changes

Multiple-choices

employee is compensated?

A. Part-time employees should be compensated with a salary

because the number of hours they may work each month

changes

O

B. Part-time employees should be compensated with an hourly wage

because the number of hours they work each month is always the

same.

O

C. Part-time employees should be compensated with an hourly wage

because the number of hours they may work each month

changes

O

D. Part-time employees should be compensated with a salary

because the number of hours they work each month is always the

same.

Explanation:

Part-time workers are called to duty on a need basis.  Usually, part-time workers are assigned specific tasks to perform is within a particular duration. Their contribution is measured in terms of hours worked or completed units of output.

Part-time workers contrast with full-time workers who report for duty every working day. Part-time workers are not required to work for certain hours per week or month like full-time workers. The number of hours that a part-time worker works in a week varies from time to time. Therefore, the best way of compensating them is through an hourly rate.

Process capacity analysis is used to determine whether a process is able to meet a set of ______.

Answers

Answer:

design specification limits

Explanation:

capacity of the process can be regarded as maximum output rate of the system, and this can be measured in units which is produced per unit of time. Process capacity analysis helps in detection of number of units that goes through each of the activity. It gives the number of units that is produced due to the process realization. It should be noted that Process capacity analysis is used to determine whether a process is able to meet a set of design specification limits.

Elton Mayo experiments at the Hawthorne Electric indicated: a. No significant correlation between the level of illumination and the level of productivity b. Productivity was affected by the human relations between the researchers and subjects, which was the missing variable in the original model c. Good relations between the employees, high group cohesiveness were the other factors d. All of the above

Answers

Answer:

d. All of the above

Explanation:

In the case where is a large number of manufacturing complexes and if the research is done on productivity so it would be considered as a Hawthorne works that could be possible via partnership done by many industries, universities, etc

There is no correlation between the productivity and the light levels. The speed of an individual workers would be measured the total level of production and the factors impact such as resting periods, working hours etc. It also developed the various kind of positions to represent the productivity that could change in some specific groups i.e. group norms, cohesiveness, etc

So as per the above explanation, the option d is correct

The following financial information is from Shovels Construction Company.Accounts payable $14,500Buildings 85,000Cash 11,600Accounts receivable 10,000Sales tax payable 2,900Retained earnings 46,400Supplies 41,800Notes payable (due in 18 months) 26,000Interest payable 1,000Common stock 57,600What is the amount of current assets, assuming the accounts above reflect normal activity?

Answers

Answer:

$63,400

Explanation:.

Calculation for the amount of current assets,

CURRENT ASSETS

Cash 11,600

Accounts receivable 10,000

Supplies 41,800

Total current assets $63,400

Therefore the amount of current assets is $63,400

Which of the following is an argument put forward by German philosopher Immanuel Kant?
a. One can have unmediated knowledge of how the world is, Independently of his or her ways of experiencing
b. People can only have knowledge of the world as they experience it
c. Knowledge comes only from reason
d. One acquires knowledge primarily from one's own sensory experience.

Answers

Answer:

Option b:. People can only have knowledge of the world as they experience it

Explanation:

Immanuel Kant is known as an 18th-century German philosopher.He trust in transcendental idealism. It all about morality which ensures or requires belief in God, freedom, and immortality, although these may not be to be proved, etc. He believed the take home for right action and behavior was good morals and ethics.

Assume that the Turner, Roth, and Lowe partnership is a limited partnership. Turner and Roth are general partners and Lowe is a limited partner. How much should each partner contribute to cover the remaining capital deficiency of $30,000

Answers

Explanation:

The loss on sale from selling the assets is calculated by deducting the cash proceeds from the sale of assets from the total book value of assets. The cash proceeds from sale of assets, is calculated by deducting the total liabilities remaining after paying proceeds of asset sales to creditors from the total liabilities before liquidation.

Pacifica Industrial Products Corporation makes two products, Product H and Product L. Product H is expected to sell 40,000 units next year and Product L is expected to sell 8,000 units. A unit of either product requires 0.4 direct labor-hours. The company's total manufacturing overhead for the year is expected to be $1,632,000.
Required: 1-a. The company currently applies manufacturing overhead to products using direct labor-hours as the allocation base. If this method is followed, how much overhead cost per unit would be applied to each product?
Product H Product L
Overhead cost per unit
1-b. Compute the total amount of overhead cost that would be applied to each product
Product H Product L Total
Total overhead cost

Answers

Answer:

1a. Product H Overhead cost per unit = [$85 * 0.4] = $34.00

Product L Overhead cost per unit = [$85 * 0.4] = $34.00

Predetermined overhead application rate = Estimated total manufacturing overheads / Total direct Labor hours

Predetermined overhead application rate = $1632000 / {[40000 units * 0.4]+[8000 units * 0.4]}

Predetermined overhead application rate = $1632000 / 19200 direct labor hours

Predetermined overhead application rate = $85 per direct labor hour

1b.                                    Product H   Product L

Overhead cost                $816,000    $816,000      

/No.of units                       40000         8000    

Overhead cost per unit  $20.40      $102.00

                                     Product H     Product L       Total

Total Overhead cost  $1,360,000   $272,000  $1,632,000

Note:

Total Overhead cost  = No.of units * Overhead cost per unit

Read the scenario, and answer the questions. You are a project manager for a specialty sports equipment manufacturer. A critical member of your design team, Gwen, has been unprofessional and rude to her coworkers, and she has missed two deadlines. You need to address the problem before it gets out of hand and you fall behind schedule. What is your first step in offering Gwen constructive criticism

Answers

Answer:

Mentally outline your conversation

Explanation:

Since in the question it is mentioned that Gwen who is in a design team is unprofessional and even rude to her coworkers. Due to this, she missed two deadlines. Now you have to address this problem so here the first step is to outline your conversation in a mental way so that the chances of solving the problem is high

Therefore the same is to be considered

The Franklins can claim a recovery rebate credit of $________ for Cristina on their 2020 tax return. g

Answers

Answer:

The Franklins can claim a recovery rebate credit of $__1,200______ for Cristina on their 2020 tax return.

Explanation:

The CARES Act provided economic relief payments, called "Economic Impact Payments" or stimulus payments, valued at $1,200 per eligible adult, based on household adjusted gross income (AGI), plus $500 for each additional qualifying dependent under 17 years of age.  According to the Act, these payments will continue through Dec. 31, 2020, and the Franklins will not be able to claim a recovery if Cristina is above 17 years.  The amount can still be claimed by all eligible taxpayers in 2021 when filing their 2020 tax returns.

__________ states that if there is no specific employment contract saying otherwise, the employer or employee may end an employment relationship at any time, regardless of cause. Multiple Choice Rule of law Employment at will Rule of fair treatment Employment flexibility Due-process policy

Answers

Answer:

Employment at will

__________ states that if there is no specific employment contract saying otherwise, the employer or employee may end an employment relationship at any time, regardless of cause.

Explanation:

Employment at will can cause the termination of an employee at any time without any reason, explanation, or warning, except for illegal reasons.  Thus, employers can change the terms of employment, including the wages, benefit plans, or paid time off, without giving any notice or incurring any consequences or legal liability.  Equally, employees are free to change jobs without notice if they so choose.

Assume that interest rate parity holds and that 90-day risk-free securities yield 6% in the United States and 6.5% in Germany. In the spot market, 1 euro equals $1.35. What is the 90-day forward rate

Answers

Answer: 1.356345

Explanation:

Based on the scenario and information provided in the question, the 90-day forward rate will be calculated as:

= Spot Rate × (1 + Germany Interest Rate) / (1 + United States Interest Rate)

= 1.35 × (1 + 6.5%) / (1 + 6%)

= 1.35 × (1 + 0.065) / (1 + 0.06)

= 1.35 × 1.065/1.06

= 1.35 × 1.0047

= 1.356345

In order for clients to satisfy identity verification procedures, they must produce which of the following?
A.) A single Group A identity document
B.) A single Group B1 and a single Group B2 identity document.
C.) One identity document each from Groups A, B1, and B2
D.) Both A and B are correct.
E.) None of the above

Answers

Answer: D.) Both A and B are correct.

Explanation:

The Bank Secrecy Act/USA PATRIOT Act demands that people who are applying for bank products should verify their identity.

They can do so via several documents first of which is a single Group A document. These could be Driver's License , Foreign Passport , Military ID etc.

Then there is to be a single identity from both B1 and B2 as well and these include: Employee ID , Check Cashing ID , Food Stamp ID , Indian Tribal Card and the like.

This is being done to limit terrorist financing and money laundering so utmost compliance is advised.

The correct option is D.) Both A and B are correct.

The following information should be considered:

The Bank Secrecy Act/USA PATRIOT Act demands that people who are applying for bank products should verify their identity. It can be done via several documents first of which is a single Group A document. These could be Driver's License , Foreign Passport , Military ID etc. After this, there is to be a single identity from both B1 and B2 as well and these include: Employee ID , Check Cashing ID , Food Stamp ID , Indian Tribal Card and the like. This is being done to limit terrorist financing and money laundering so utmost compliance is advised.

Learn more: brainly.com/question/16911495

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