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const2013 [10]
1 year ago
5

On Monday, May 15, 2017, you bought (traded) the XZX, Inc. 8.25% corporate bonds with a trading value of $96.50 price. The coupo

n payments are paid on March 31 and September 30. Using the 360-day accrual basis, calculate the invoice price of the bond. Please use T+3 to calculate the settlement day.
Business
1 answer:
kap26 [50]1 year ago
6 0

Answer:

$97.53

Explanation:

Coupon rate = 8.25%

Flate price of bond= $96.50

FV of bond (assumed) = $100

Purchase date = May 15

Last coupon payment was made on March 31, Accrued Interest = Face value * Days since last payment * Interest rate / Days in current coupon period

Accrued Interest = Face value * Days since last payment * Interest rate / Days in current coupon period

Accrued Interest = $100 * (May 15-March 31) * 8.25% / (2*(September 30-March 31))

Accrued Interest = $100*45*8.25% / (2*180)

Accrued Interest = $1.03

Invoice Value = Flate price + Accrued Interest

Invoice Value = $96.50 + $1.03

Invoice Value = $97.53

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Answer:

To deploy and integrate security features in a shorter period of time

Explanation:

Given that accelerator in cybersecurity is a means of enhancing the implementation and information of security measures in a very faster way.

Therefore, the purpose of Accenture's Security practice of using several accelerators when building solutions for their clients is "to deploy and integrate security features in a shorter period of time."

6 0
1 year ago
Thurman Corporation issued 450,000 shares of $.50 par value capital stock at the date of incorporation for cash at a price of $4
m_a_m_a [10]

Answer:

b) $225,000

Explanation:

Common Stock ($0.50 x 450,000)                 $225,000

Discount on capital (($4-$0.5) x 450,000      $1,575,000

Retained Earning ( $100,000 - $40,000 )      <u>$60,000    </u>                

Total Equity                                                      <u>$1,860,000</u>

Shares are recorded in the common stock account at the par value. Difference of $4 and $0.5 is recorded as add in capital excess of par common shares.

8 0
2 years ago
Suire Corporation is considering dropping product D14E. Data from the company's accounting system appear below: Sales $ 600,000
atroni [7]

Answer:

$127,000

Explanation:

Suire Corporation Net operating income

Sales $ 600,000

Variable Costs $ 241,000

Contribution Margin $ 359,000

Fixed Expenses $232,000

Net Operating Income $127,000

6 0
2 years ago
North Zone Bank gives all its customers a complimentary credit card along with a custom-made wallet when they open an account wi
Arte-miy333 [17]

Answer:

Peripheral Goods

Explanation:

According to my research on different business strategies and benefits, I can say that based on the information provided within the question these are examples of Peripheral Goods. These are useful physical items that have something to do with the business that is offering the product or service that you are buying.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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2 years ago
_______ is the ability to anticipate, envision, maintain flexibility, think strategically, and work with others in the organizat
Leni [432]

Answer:

The correct answer is c) Strategic leadership

Explanation:

Strategic leadership is the ability to anticipate, envision, maintain flexibility, think strategically, and work with others in the organization to initiate changes that will create a viable and valuable future for the organization.

Strategic leadership can also be explained as the capability for employing strategies in the management of employees.

7 0
2 years ago
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