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SVEN [57.7K]
2 years ago
14

Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.7 percent. The bond sells for $

962.62 and matures in 13 years. The par value is $1,000. What is the YTM of the bond
Business
1 answer:
kicyunya [14]2 years ago
5 0

Answer: 0.06101 = 6.101%

The yield to maturity of the bond is

6.101%

Explanation:

Using YTM formula below

YTM = C + (fv - pv) /n ÷ (fv + pv) /2

C= coupon rate = 5.7% of par value

5.7/100 × 1000

= $57

pv = price value = $962.62

Fv = face value / par value = $1000

n = number of years to maturity =13

Using above formula

C + ( fv - pv) /n =

57 + (1000 - 962.62) /13

57 + (37.38) / 13 = 59.8753846

(fv + pv) / 2 =

(1000 + 962.62) / 2

= 1962.62 / 2 = 981.31

YTM = C + (fv - pv) /n ÷ (fv + pv) /2

YTM = 59.8753846 / 981.31

YTM = 0.06101

( to percentage) = 6.101%

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Explanation:

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b. This is incorrect.

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c. This is incorrect.

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d. This is incorrect.

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Answer:

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Explanation:

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8 0
2 years ago
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Rachel initiated the practice of company visits as part of reaching out to her company’s loyal customers . She set up a campaign
USPshnik [31]

Answer:

Rachel has displayed the explicit concept of CSR

Explanation:

The corporate sector has a duty towards its very own business, investors as well as towards the society. Subsequently, every corporate unit must have a duty regarding the upliftment of society which is comprehensively considered as Corporate Social Responsibility (CSR).

The social duty of a business demonstrates standards and commitments by the corporate leadership to take proper activities which can ensure and improve the welfare of society alongside securing business interest.

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The CSR can be divided two two main concepts; implicit and explicit Corporate social responsibility (CSR). Explicit CSR alludes to corporate rules and arrangements that accept and accountability in the interest of society.  They regularly comprise of deliberate projects by  companies to combine social and business worth and address issues viewed as being part of their social obligation. An example is a move by various corporations to provide relief aid to the victims of hurricane Katrina in 2005. On the other hand, implicit CSR refers to the role of corporations in the formal and informal institution for the benefit of the society. It usually comprises of qualities, standards  and rules which bring about obligatory and standard prerequisites that need to be addressed by the organizations.

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Does PepsiCo’s portfolio exhibit good resource fit? What are the cash flow characteristics of each of PepsiCo’s six segments? Wh
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Answer:

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The cash flow characteristics of PepsiCo's six segments are

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The strongest contributors to PepsiCo is:

Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA)

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Answer:

ECOSACKS

Production  Budget

Sales                               540,000

closing inventory(FG)   <u>  210,000</u>

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Opening Inventory(FG)  <u>( 120,000)</u>

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<u />

<u>Materials Purchase budget </u>

                                          cotton                    canvas

                                              yards                   yards

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Material purchase cost    $2,520,000            $1,512,000

                                 <u>      Labor Budget </u>

labor hour(630,000*0.5)         <u> 315,000</u>

Labour cost (315,000*18)       <u>$5,670,000</u>

<u />

<u>                                        Overhead budget</u>

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Explanation:

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