Answer:
Total $1,091.0030
Explanation:
The market value of the bond will be the sum of the present value of the cuopon payment and the maturity date:
present alue of cuopon payment will be calculate as present value of an ordinary annuity:
C 42.25 (1,000 face value x 8.45% /2 payment per year)
time 21 (10 years at 2 payment per year+ 1 payment)
rate 0.036 (here we use the YTM rate /2 because there are 2 payment per year)
PV $615.1803
<u>Then, for the present value at maturity, we calculate the present value of a lump sum</u>
Maturity 1,000.00
time 21.00
rate 0.036
PV 475.82
<u>Finally, we add them both together</u>
PV c $615.1803
PV m $475.8227
Total $1,091.0030
Answer:
Because the credit industry gains a profit from it's users. Credit is a tool, and if used wisely can be beneficial for many people who don't have enough cash to pay for things. Having "good" credit score means that it's easier for you to receive a loan.
Answer:
Ending Inventory under LIFO $3,270
Explanation:
![\left[\begin{array}{cccc}Month&Purchase&Sales&Remaining\\January&10&-6&4\\February&20&-5&15\\May&15&-9&6\\September&12&-8&1\\November&10&-13&0\\Total&67&-41&26\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7DMonth%26Purchase%26Sales%26Remaining%5C%5CJanuary%2610%26-6%264%5C%5CFebruary%2620%26-5%2615%5C%5CMay%2615%26-9%266%5C%5CSeptember%2612%26-8%261%5C%5CNovember%2610%26-13%260%5C%5CTotal%2667%26-41%2626%5C%5C%5Cend%7Barray%7D%5Cright%5D)
First: in LIFO you always start from the bottom line
subtracting the sales figure for each period.
Notice in nomvember the sales are greater than the amount purchased, so we decrease the september units by the diference
![\left[\begin{array}{cccc}Month&Units&Cost&Subtotal\\January&4&120&480\\February&15&125&1,875\\May&6&130&780\\September&1&135&135\\November&0&140&0\\Total&26&-&3,270\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7DMonth%26Units%26Cost%26Subtotal%5C%5CJanuary%264%26120%26480%5C%5CFebruary%2615%26125%261%2C875%5C%5CMay%266%26130%26780%5C%5CSeptember%261%26135%26135%5C%5CNovember%260%26140%260%5C%5CTotal%2626%26-%263%2C270%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Answer:
b. additional costs for attending a college or university.
Explanation:
Textbooks, transportation and room and board are additional costs for attending a college or university.
They aren't included as part of tuition costs.
They are the real costs of attending college.
These costs needs to be considered when choosing a college.
I hope my answer helps you
The company's external equity comes from those funds raised from public issuance of shares or rights. The cost of external equity is the minimum rate of return which the shareholders supply new funds <span>by </span>purchasing<span> new shares to prevent the decline of the market value of the shares. To compute the cost of external equity, we should use this formula:</span>
Ke<span> = (DIV 1 / Po) + g</span>
Ke<span> = cost of external equity</span>
DIV 1 = dividend to be paid next year
Po = market price of share
g = growth rate
In the problem, the estimated dividend to be paid next year is $1.50. The market price is $18.50 and the growth rate is 4%.
<span>Substituting the given to the formulas, we need to divide $1.50 by $18.50 giving us the result of 8.11% plus the growth rate; this would yield to the result of 12.11% cost of external equity.</span>
