Abond is currently trading for 98.722 per 100 of par value. if the bond’s yield-to-maturity(ytm) rises by 10 basis points, the bond’s full price is expected to fall to 98.669. if thebond’s ytm decreases by 10 basis points, the bond’s full price is expected to increase to98.782. the bond’s approximate modified duration is closest to:

Suppose an economy consists of three sectors: energy (e), manufacturing (m), and agriculture (a). sector e sells 70% of its output to m and 30% to a. sector m sells 30% of its output to e, 50% to a, and retains the rest. sector a sells 15% of its output to e, 30% to m, and retains the rest.

How long have u been on dis website

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false