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Hoochie [10]
2 years ago
11

Josh bought a bond with a par value of 1,500 from company ABC. The bond pays twenty annual coupons of 90 and matures at the end

of twenty years. It is bought and redeemed at par. Immediately after his purchase, company ABC issues another bond with the same coupon structures and redemption value as the par bond, but with a lower annual effective yield rate of 4%. Josh calculates the price of the new bond using the first-order modified approximation and the first-order Macaulay approximation. Let X be the the new price using the first-order Macaulay approximation and let Y be the new price using the first-order modified approximation. Calculate X-Y.
Business
1 answer:
ElenaW [278]2 years ago
3 0

Answer: c

Explanation:

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Brainstorm a list of 10 action verbs. Use each of the action verbs to create a statement illustrating your qualifications.
KiRa [710]

Answer:

advocated

accelerated

authored

built

clarified

collaborated

composed

contributed

convinced

coordinated

critiqued

cultivated

decreased

diagnosed

educated

emphasized

edited

elected

enlisted

introduced

interacted

integrated

researched

Earned

Presented

Explanation:

I authored an article on Chemical process mixing unit operation.

I researched how others presented information.

I collaborated with team to identify learning goals.

I built the models and performed the simulations.

I generated and analyzed the results from the experiment.

I prepared a detail research report.

I presented the report to the research team

I earned a good recommendation for my PhD qualification.

6 0
2 years ago
Read 2 more answers
Which statement best describes a significant similarity between the AICPA and IESBA codes? Both codes incorporate the conceptual
34kurt

Both codes incorporate the conceptual framework approach for evaluating threats when specific rules on a matter do not exist.

Explanation:

IFAC has enacted a Code of Ethics for Professional Accountants (IESBA Code), the International Ethics Standards Committee for Competent. The latest IESBA Code edition was upgraded and modified in July 2009 and comes into force on 1 January 2011. The adjustments clarified and considerably strengthened the independence specifications for all competent accountants.

IESBA and AICPA are more comparable than they are, but there are substantial differences. In many instances it will produce similar effects if codes are added to the same pattern of truth.

The IESBA Code deals with a number of possible independence issues which are covered by the AICPA Conceptual Structure but not AICPA. Examples include the Long Senior Human Resources Group (including Team Rotation).

Certain independence restrictions are enforced by the IESBA Code representing the "extent of public interest in certain companies" (i.e. entities listed on an accepted stock exchange for whose shares are listed), and institutions whose auditors are legally or administrative authorities required to comply with the same requirements for independence as the listings).

The IESBA splits the conditions for freedom into two regions. Section 290 offers the toughest prohibitions and includes accounting reports and audits. Section 291 generally provides less stringent requirements of freedom for all other insurance obligations. The AICPA does not change the principles of equality.

6 0
2 years ago
g Mason Company paid its annual property taxes of $240,000 on February 15, 20X9. Mason also anticipates that its annual repairs
scZoUnD [109]

Answer:

$360,000

Explanation:

The total cost would be estimated as the expense anticipated plus the property taxes paid previously.

Now

Total Cost = $240,000 Property Taxes paid      +     $1,200,000 Property repairs anticipated

= $1,440,000

Now we will distribute the annual cost over the four quarters which mean we will divide the total annual cost by 4.

Quarterly Expenses = $1,440,000 / 4     = <u>$360,000</u>

4 0
2 years ago
: i can't believe it! now our pay depends on meeting goals! doesn't effort count for anything anymore? i have the same goals tha
viva [34]

Setting the pay according to the goals achieved by a group may not be considered beneficial to everyone, thus decreasing motivation. Pay-for-performance or according to individual performance may help motivate the employee but increasing individuality in terms of performance may also decrease group cohesiveness or group-related values. The speaker here shows depreciation by undervaluing another's work to overvalue or protect one's own.

6 0
2 years ago
Advice from most financial advisers states to spend no more than 28% of one's gross monthly income for one's mortgage payment, a
meriva

Answer and Explanation:

The computation is shown below:

a. For the maximum amount that spend each month on mortgage payment is

= Gross annual income ÷ total number of months in a year × mortgage payment percentage

= $39,600 ÷ 12 months × 28%

= $924

b. . For the maximum amount that spend each month on total credit obligatons

= Gross annual income ÷ total number of months in a year × mortgage payment percentage

= $39,600 ÷ 12 months × 36%

= $1,188

c. Now the maximum amount spend for all other debt is

For monthly mortgage

= $924 × 70%

= $646.8

And, for mortgage debt

= $1,188 × 70%

= $831.60

7 0
2 years ago
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