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gulaghasi [49]
1 year ago
9

The Petit Chef Co. has 11.3 percent coupon bonds on the market with eight years left to maturity. The bonds make annual payments

and have a par value of $1,000. If the bonds currently sell for $1,127.30, what is the YTM?
Business
1 answer:
IgorC [24]1 year ago
8 0

Answer:

The yield to maturity is 9.127%

Explanation:

The yield to maturity is the yield or return on the bond as a percentage of its current price in the market. The formula to calculate the yield to maturity is:

YTM = C + {(F - P) / n}  /  {(F + P) / 2}

Where,

  • C is the coupon payment / interest payment on the bond
  • F is the face value of the bond
  • P is the current market price of the bond
  • n is the years to maturity

The coupon payment = 1000 * 0.113 = 113 per year

So, YTM =  113 + {(1000 - 1127.3) / 8}  /  {(1000 + 1127.3) / 2}

YTM = 0.09127 or 9.127%

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antiseptic1488 [7]

Answer:

  1. The gross pay of Kenny is $750.
  2. The gross pay of Charles is $525.
  3. The gross pay of Laurie is $855.
  4. The gross pay of Hylis is $480.

Explanation:

As the data of the employers is not given here, a similar question is found , for which the data is attached herewith.

Now the minimum wage per week for $8 an hour is given as

Minimum Wage=40*$8=$240.

The gross pay of Kenny with 50 new customers is given as

Gross Pay_{Kenny}=n*\$15\\Gross Pay_{Kenny}=50*\$15\\Gross Pay_{Kenny}=\$750

So the gross pay of Kenny is $750.

The gross pay of Charles with 35 new customers is given as

Gross Pay_{Charles}=n*\$15\\Gross Pay_{Charles}=35*\$15\\Gross Pay_{Charles}=\$525

So the gross pay of Charles is $525.

The gross pay of Laurie with 52 new customers is given as

Gross Pay_{Laurie}=n*\$15\\Gross Pay_{Laurie}=52*\$15\\Gross Pay_{Laurie}=\$780

So the gross pay of Laurie is $780.

The gross pay of Hylis with 32 new customers is given as

Gross Pay_{Hylis}=n*\$15\\Gross Pay_{Hylis}=32*\$15\\Gross Pay_{Hylis}=\$480

So the gross pay of Hylis is $480.

As Laurie has the highest number of new customers, so she will receive a bonus of $75.

So the gross pay of Laurie is $780+$75=$855.

So the gross pays are given as

  1. The gross pay of Kenny is $750.
  2. The gross pay of Charles is $525.
  3. The gross pay of Laurie is $855.
  4. The gross pay of Hylis is $480.

8 0
2 years ago
Ryan Co. sells major household appliance service contracts for cash. The service contracts are for a 1-year, 2-year, or 3-year p
ollegr [7]

Answer:

$475,000

Explanation:

The amount should be reported as unearned service contract revenues in Ryan's December 31, Year 1, and balance sheet will be the amount that has not expired in year 1 or outstanding service contracts that will expire in year 2 to year 4. Therefore,

Year 2 + Year 3 + Year 4 = $150,000 + 225,000 + 100,000 = $475,000 should be reported as unearned service contract revenues.

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1 year ago
Four finalists have been selected for a job as a travel agent. Which candidate will most likely get the job?
Svetllana [295]

Answer:

a

Explanation:

5 0
2 years ago
Randy, the production manager at a computer hardware manufacturing company, is never satisfied with the productivity of his work
Rus_ich [418]

The given scenario clearly illustrates Negative leniency .

Option C

<u>Explanation: </u>

The performance appraisal is a routine analysis of the results of an individual and of a company's total commitment. A performance appraisal, also defined as an «yearly review», "performance review," or "individual appraisal," assesses the ability, success and progress of an employee or its lack of it.

The manager who is neither tough nor easy with rating employees is committed to negative and positive leniency misconceptions. In the performance evaluation process, the employee's unjustified expectations for increases, promotions or tough jobs can be increased by positive leniency.

The worker may be sick of hitting the head against a wall with excessive slowness or toughness/strictness because the manager can not be pleased despite how hard the person tries.

3 0
1 year ago
Read 2 more answers
Jackson Electric Services Company incurred​ $800 as a repair expense and paid for it in cash. The company is a sole proprietorsh
almond37 [142]

Answer: Option D

Explanation: Owners equity refers to the amount of funds made available by the owners to operate the business activities. It includes initial capital invested and profits generated for the period

In the given case, the expense of $800 did not bring any assets or liabilities to the entity. Such an expense will be recorded in income statement leading to decrease in profits, thus, resulting in decrease in owners equity.

5 0
1 year ago
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