subject
Business, 24.10.2019 04:00 kristen0517

Arjen owns investment a and 1 bond b. the total value of his holdings is 1,529 dollars. investment a is expected to pay annual cash flows to arjen of 218.19 dollars per year with the first annual cash flow expected later today and the last annual cash flow expected in 3 years from today. investment a has an expected return of 9.87 percent. bond b pays semi-annual coupons, matures in 23 years, has a face value of $1000, has a coupon rate of 6.4 percent, and pays its next coupon in 6 months. what is the yield-to-maturity for bond b? answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
On april 1, 2017, jiro nozomi created a new travel agency, adventure travel. the following transactions occurred during the company’s first month. april 1 nozomi invested $30,000 cash and computer equipment worth $20,000 in the company in exchange for common stock.2 the company rented furnished office space by paying $1,800 cash for the first month's (april) rent.3 the company purchased $1,000 of office supplies for cash.10 the company paid $2,400 cash for the premium on a 12-month insurance policy. coverage begins on april 11.14 the company paid $1,600 cash for two weeks' salaries earned by employees.24 the company collected $8,000 cash on commissions from airlines on tickets obtained for customers.28 the company paid $1,600 cash for two weeks' salaries earned by employees.29 the company paid $350 cash for minor repairs to the company's computer.30 the company paid $750 cash for this month's telephone bill.30 the company paid $1,500 cash in dividends. the company's chart of accounts follows: 101 cash 405 commissions earned106 accounts receivable 612 depreciation expense—computer equip.124 office supplies 622 salaries expense128 prepaid insurance 637 insurance expense167 computer equipment 640 rent expense168 accumulated depreciation—computer equip. 650 office supplies expense209 salaries payable 684 repairs expense307 common stock 688 telephone expense318 retained earnings 901 income summary319 dividends use the following information: two-thirds (or $133) of one month’s insurance coverage has expired.at the end of the month, $600 of office supplies are still available.this month’s depreciation on the computer equipment is $500.employees earned $420 of unpaid and unrecorded salaries as of month-end.the company earned $1,750 of commissions that are not yet billed at month-end. required: 1. & 2. prepare journal entries to record the transactions for april and post them to the ledger accounts in requirement 6b. the company records prepaid and unearned items in balance sheet accounts.3. using account balances from requirement 6b, prepare an unadjusted trial balance as of april 30.4. journalize and post the adjusting entries for the month and prepare the adjusted trial balance.5a. prepare the income statement for the month of april 30, 2017.5b. prepare the statement of retained earnings for the month of april 30, 2017.5c. prepare the balance sheet at april 30, 2017.6a. prepare journal entries to close the temporary accounts and then post to requirement 6b.6b. post the journal entries to the ledger.7. prepare a post-closing trial balance.
Answers: 3
question
Business, 22.06.2019 05:30
Financial information that is capable of making a difference in a decision is
Answers: 3
question
Business, 22.06.2019 17:20
Andy owns islander surfboard inc. in the past, andy has always given his employees bonuses during the holidays if they reached certain sales goals. this year, even though the company is thriving, he decided to cut bonuses from employees and award them to himself instead. what ethical theory of leadership is andy following?
Answers: 1
question
Business, 22.06.2019 17:30
What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?
Answers: 1
You know the right answer?
Arjen owns investment a and 1 bond b. the total value of his holdings is 1,529 dollars. investment a...
Questions
question
Arts, 30.03.2021 21:10
question
Health, 30.03.2021 21:10
question
Biology, 30.03.2021 21:10
question
Mathematics, 30.03.2021 21:10
question
Chemistry, 30.03.2021 21:10
question
English, 30.03.2021 21:10
question
Spanish, 30.03.2021 21:10
Questions on the website: 13722361