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Andre45 [30]
2 years ago
14

Warren Corporation is interested in a three-year, 11% annual coupon bond. A broker quotes a price of $930.35. What is the yield

to Maturity?
Business
1 answer:
Lady bird [3.3K]2 years ago
4 0

Answer:

yield to maturity is equal to  14.00%

Explanation:

given,

time = 3 years

coupon rate =   11% = 0.11

price = $930.35

take par value = $1000  yield to

current price = 110 × PVAF  + 100 × PVF

      $930.35 = 110 × PVAF  + 100 × PVF

using trial and error method

13% current price = 110 × 2.3612  + 1000 × 0.69305 = $ 952 . 782

14 % current price = 110 × 2.3216  + 1000 × 0.67497 = $ 930 . 346

                                                                                      = $ 930 . 35

hence, correct answer is 14.00%

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When you buy an e-book at Amazon, it uses ________ to recommend an e-book by a similar author within the same genre.
Anarel [89]

Answer:

The correct word for the blank space is: the purchases history.

Explanation:

Purchases history allows businesses to have an idea of what the preferences of its customers are or how they can change over time. It is a helpful tool firms can use to offer similar or complementary products that may be of interest to their customers and that may end up increasing the organization's revenues if the consumer makes the additional purchase.

8 0
1 year ago
On February 1st, H&B Bank originated a loan for $50,000 at an interest rate of 7.2%. On March 15th, an interest payment of $
irina [24]

Answer:

d. Over time

Explanation:

The interest revenue will be recognize over time, regardless of the payment

If we only recognize revenue at payment due, if the bank client doesn't paid then we cannot recognize the accrued interest receivable.

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6 0
2 years ago
Each week a soft drink machine sells x cans of soda for $0.75/soda. The cost to the owner of the soda machine for each soda is $
Assoli18 [71]

Answer:

$34.8

Explanation:

Profits = sales - costs( variable costs +fixed costs)

In this case : total sales will be price $0.75 x units sold X= 0.75X

Variable costs : =$10 x units sold= $10x

Fixed cost remain $25 as they are not affected by quantity.

profits for the Week

P= (0.75x- 0.10x)-$25

Profit for the week with units sold as 92: x = 92

p= ( {0.75x92} - {0.10x92} )- $25

P= $69 - $9.2- $25

P=$59.8- $25

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3 0
2 years ago
In-N-Out Burger decides to target both the college student community and the artisan build-your-own burger segment. What advanta
Ne4ueva [31]

Answer:

Increasing total sales by targeting more customers

Explanation:

When a company has a product that can satisfy various segments of customers, they will target as many customers as possible.

This will increase the number of sales that the company makes and in turn will increase revenue.

Targeting a wider customer base is the strategy being used by In-N-Out Burger. They decided to target both the college student community and the artisan build-your-own burger segment.

This startegy can however be more expensive if different advertisements are required to target different segments. Promotion expense will increase.

4 0
1 year ago
Dorian company produces and sells a single product. the product sells for $60 per unit and has a contribution margin ratio of 40
Rudik [331]
<span>Contribution margin ratio is 40% or $24 per unit Fixed expenses are $28,800 Variable expense per unit is $36 Assuming Q is quantity, sales needed to achieve monthly net equal to 10% of sales is Sales = Variable expenses + Fixed expenses + profit $60Q = $36Q + $28,800 + ($60Q x 10%) $18Q = $28,800 Q = 1600 units Monthly sales will have to be 1600 x $60 = $96,000</span>
3 0
2 years ago
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