Question
BAWA - T4 Current Material Q. (11-15) Question 11: Jim Frank wants to borrow exactly$5000 for 270 days so he can update his home office.
BAWA - T4 Current Material Q. (11-15)
Question 11:
Jim Frank wants to borrow exactly$5000 for 270 days so he can update his home office. How much less interest is paid with a13% simple interest note compared to a13% simple discountnote? Round to the nearest hundredth of a percent.
Question 12:
Use the average daily balance for the following credit card account to find the finance charge if interest is
1.91% per month on the average daily balance. Assume one month between billing dates. Round to the nearest cent.
Previous balance
$206.11
October 12
Billing date
October 20
Payment$75.00
October 21
Purchase$41.18
October 27
Return$27.78
November 5
Purchase$32.89
Question 13:
Use the table below to find the following information for Company A bonds maturing in
2035.
Close price per bond
Company ticker- Company A
Coupon - 2.830
Maturity - Jul 19, 2035
Last price - 146.828
Last Yield - 4.830
EST $ VOL (000's) - 243,289
The close price per bond isjQuery22405716402356199877_1620774959565 (Type integer or decimal)
Question 14:
Use the table below to find the following information for Company A bonds maturing in
2038.
Annual interest
Company ticker - Company A
Coupon - 2.970
Maturity - Aug, 19, 2038
Last price - 170.178
Last yield - 4.680
EST $ VOL (000's) - 244,670
The annual interest is $?? (type integer or decimal)
Question 15:
Compute the present value of a bond using the financial calculator
Assume you are trying to estimate the price you will pay for a bond. The face value is$1000, the coupon rate of interest paid annually is8%, the bonds mature in 20 years and are currently priced to yield7.25%. Compute the present value of the bonds today(hint you must compute the annual interest payment using the coupon rate and the yield rate will be yourI/Y)
Feedback will be left accordingly.
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