What is the yield to maturity on a ($10),000-face-value discount bond, maturing in one year, which sells
Question:
What is the yield to maturity on a \($10\),000-face-value discount bond, maturing in one year, which sells for \($9\),523.81?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
The yield to maturity YTM of a discount bond can be calculated using the formula textYTM ...View the full answer
Answered By
Surojit Das
I have vast knowledge in the field of Mathematics, Business Management and Marketing. Besides, I have been teaching on the topics Management leadership, Business Administration, Human Resource Management, Business Communication, Accounting, Auditing, Organizer Behaviours, Business Writing, Essay Writing, Copy Writing, Blog Writing since 2020. It is my personality to act quickly in any emergency situations when students need my services. I am very professional and serious in every questions students asked me at the time of dealing any projects. I have been serving detailed, quality, properly analysed research paper through the years.
4.80+
91+ Reviews
278+ Question Solved
Related Book For
The Economics Of Money Banking And Financial Markets
ISBN: 9781292268859
12th Global Edition
Authors: Frederic S. Mishkin
Question Posted:
Students also viewed these Business questions
-
A: what is the public good that a central bank provides? does it justify the existence of the central bank in the government sector? Explain B) What is the yield to maturity on a $10,000 face value...
-
What is the yield to maturity on a 10-year, 9% annual coupon, $1,000 par value bond that sells for $887.00? That sells for $1,134.20? What does a bond selling at a discount or at a premium tell you...
-
1. Myra Breck must choose between two bonds: Bond A pays $120 annual interest with semiannual payment and has a market value of $760. It has 10 years to maturity. Bond B pays $120 annual interest...
-
Which of the following accounts does not have a normal credit balance? Service Revenue Sales Discounts Unearned Service Revenue Sales Revenue
-
Margin of error = 0.01; confidence level = 95%; educated guess = 0.3 a. Obtain a sample size that will ensure a margin of error of at most the one specified (provided of course that the observed...
-
If you lease a car, how much will your personal car insurance pay if the car is stolen or totally damaged beyond repair during the lease period? Question 4 options: Replacement cost The market value...
-
C Taylor, a wholesale dealer in electrical goods, has three departments: (a) Hi Fi, (b) TV, and (c) Sundries. The following is a summary of Taylors sales invoices during the period 1 to 7 February...
-
Entries for Held-to-Maturity Securities on January 1, 2009, Roosevelt Company purchased 12% bonds, having a maturity value of $500,000, for $537,907.40. The bonds provide the bondholders with a 10%...
-
Addem1013 (AICPAAdapted) At the beginning of au mert year, Ashe Company entered into a ten year noncancelade lease requiringyear-end paynedis off PI, Co, a0 Ashes ingenartd borrowing rateis 12%...
-
What is the yield to maturity on a simple loan for \($1\),500 that requires a repayment of \($15\),000 in five years?
-
A lottery claims its grand prize is \($15\) million, payable over five years at \($3\),000,000 per year. If the first payment is made immediately, what is this grand prize really worth? Use an...
-
(a) What is the maximum tension possible in a 1.00-mm-diameter nylon tennis racket string? (b) If you want tighter strings, what do you do to prevent breakage: use thinner or thicker strings? Why?...
-
Radial lines through origin a. Different values of damped natural frequency b. Different values of reciprocals of time constant c. Different values of damping ratio d. Different values of natural...
-
A body vibrating with viscous damping makes five complete oscillations per second, and in 50 cycles its amplitude diminishes to \(10 \%\). Determine the logarithmic decrement and the damping ratio....
-
Is the phase angle corresponding to the peak amplitude of a viscously damped system ever larger than \(90^{\circ}\) ?
-
What are the amplitude and the phase angle of the response of a viscously damped system in the neighborhood of resonance?
-
What is the frequency of the response of a viscously damped system when the external force is \(F_{0} \sin \omega t\) ? Is this response harmonic?
-
Lee Gray was a director, president, and treasurer of HMG/ Courtland Properties, Inc. (HMG), a publicly held real estate investment trust, and of its investment adviser Courtland Group, Inc. As such,...
-
Explain the regulation of the secretions of the small intestine.
-
Using the supply and demand analysis of the market for reserves, show what happens to the federal funds rate, holding everything else constant, if the economy is surprisingly strong, leading to an...
-
If there is a switch from deposits into currency, what happens to the federal funds rate? Use the supply and demand analysis of the market for reserves to explain your answer.
-
You often read in the newspaper that the Fed has just lowered the discount rate. Does this signal that the Fed is moving to a more expansionary monetary policy? Why or why not?
-
The trial balance for December 31, 2021, included the following accounts: Account Title Sales revenue Cost of goods sold Selling and administrative expense Interest expense Gain on debt securities...
-
I am unclear on how to get the flexible budget. . Osage, Inc_, manufactures and sells lamps. The company produces only when it receives orders and, therefore, has no inventories. The following...
-
. Question 2 (Q2-a) In a pharmaceutical research company, Sarah was a highly skilled chemist who had been working on a groundbreaking drug discovery project. She had dedicated countless hours to...
Study smarter with the SolutionInn App