What is the yield to maturity on a simple loan for ($1),500 that requires a repayment of
Question:
What is the yield to maturity on a simple loan for \($1\),500 that requires a repayment of \($15\),000 in five years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
To calculate the yield to maturity on a simple loan we can use the formula Yield to Maturity left ...View the full answer
Answered By
Branice Buyengo Ajevi
I have been teaching for the last 5 years which has strengthened my interaction with students of different level.
4.30+
1+ Reviews
10+ 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
-
Alka-Seltzer Inc. has decided to purchase some new equipment. Alka-Sletzer can only pay $10,000 of the $200,000 purchase price and must finance the remainder on a long term note. The credit will go...
-
What is yield to maturity? What is the yield to maturity on a simple loan whose value today is ZMW 100. Whose present value over a two years' time horizon is ZMW 150?
-
To make a bowl of cream of potato soup, Jack needs to use of a medium-sized potato. How many medium-sized potatoes does he need to buy if he is making 10 bowls of soup?
-
On April 1 of the current taxable year, Mr. Lasing Gho died leaving Php 25, 000, 000 of net distributable estate. He also left behind Tessie, his legitimate wife; Rhealyn, his legally adopted...
-
Margin of error = 0.02; confidence level = 95%; educated guess = 0.6 a. Obtain a sample size that will ensure a margin of error of at most the one specified (provided of course that the observed...
-
Contrast cross-border acquisitions carried out by multinationals, private equity firms, and sovereign wealth funds.
-
The account balances for Atlantis Aquatics, Inc., for the year ended December 31, 2010, are presented next in random order: Requirements 1. Prepare Atlantis Aquatics single-step income statement. 2....
-
Terrys Concrete acquired 20% of the outstanding common stock of Blakeley, Inc. on January 1, 2010, by paying $1,100,000 for 40,000 shares. Blakeley declared and paid a $0.50 per share cash dividend...
-
Jaguar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following: Accounts payable Cash $24,000 $22,000 Investments (short-term)...
-
Which \($10\),000 bond has the higher yield to maturity, a 20-year bond selling for \($8\),000 with a current yield of 20% or a 1-year bond selling for \($8\),000 with a current yield of 10%?
-
What is the yield to maturity on a \($10\),000-face-value discount bond, maturing in one year, which sells for \($9\),523.81?
-
Access www.go4customer.com. What does this company do and where is it located? Who are its customers? Which of Friedman's flatteners does this company fit? Provide examples of how a U.S. company...
-
How can a tagging and tracing technique be used with an e-business client if the tagged transaction cannot be traced through the trading partners' computing sys- tem?
-
What type of opinions might an auditor issue if a newly adopted accounting principle is not generally accepted? Why?
-
What assertions are tested by confirmations sent to customers?
-
The most common personal computer application in audit practice is: a. Internet access. b. Spreadsheet software. c. Trial balance preparation. d. Time and expense reports.
-
Confirmation is most likely to be a relevant form of evidence with regard to assertions about accounts receivable when the auditor has concern about the receivables: a. Valuation. b. Classification....
-
For many individuals, the nature of work and jobs is changing. Describe these changes, some reasons for them, and how they are affecting both HR management and individuals.
-
Explain the regulation of the secretions of the small intestine.
-
During Christmastime, when the publics holdings of currency increase, what defensive open market operations typically occur? Why?
-
If float decrease below its normal level, why might the manager of domestic operations consider it more desirable to use repurchase agreement to affect the monetary base rather than an outright...
-
Compare the use of open market operations, discounting, and changes in reserve requirements to control money supply on the following criteria: flexibility, reversibility, effectiveness, and speed of...
-
PORTFOLIO - 50 points RETURN VARIANCE STDEV RISK-FREE SHARPE 8.33 125.42 11.20 3 0.48 DESCRIPTIVE STATISTICS - 10 POINTS 1 2 3 4 5 6 7 8 9 10 Arithmetic 12.87 7.94 9.10 12.43 3.69 10.98 8.88 3.68...
-
As of Jan. 2024, the 5-year Treasury was near 3.84% and the 10-year was near 3.87%. For comparison, in Jan. 2022 the 5-year Treasury was near 1.25%, and the 10 year was near 1.7%. Therefore, the...
-
If annual total disposable income is $60,000 and your annual credit card interest is $1,500, using common-size analysis, what is the percentage of your annual credit card interest to total disposable...
Study smarter with the SolutionInn App