FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the approximate yield to maturity for a 11-year bond that pays 7 interest on a $1000 face value annually if the bond sells

What is the approximate yield to maturity for a 11-year bond that pays 7 interest on a $1000 face value annually if the bond sells for $860?(Do not round intermediate calculations.)

a. 9.03b. 8.53c. 10.03d. 10.53

which one is it??

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Cost Accounting

Principles Of Cost Accounting

Authors: Edward J. Vanderbeck

15th Edition

978-0840037039, 0840037031

Students also viewed these Finance questions

Question

★★★★★
One item is omitted from each of the following computations of the rate of return on investment: Determine the missing items, identifying each by the appropriateletter. Rate of return on investment =...

Answered: 1 week ago

Question

★★★★★
5. How do Kanban Boards and Cards help improve the flow of delivery?

Answered: 1 week ago

Question

★★★★★
Is this issue more complex than it seems?

Answered: 1 week ago

Question

★★★★★
Amy and Mitchell are equal partners in the accrual basis AM Partnership. At the beginning of the current tax year, Amys capital account has a balance of $300,000, and the partnership has recourse...

Answered: 1 week ago

Question

★★★★★
What is wrong with the following budget? Redo the budget so that it is a better basis of comparison (also use the contribution margin format)? Budget Actual Variance Units 1,000 1,200 (200) F $...

Answered: 1 week ago

Question

★★★★★
Prepare the necessary closing entries North Star Inc. Adjusted Trial Balance December 31, 2018 Credit $ Debit 200,000 15,000 $ 1,000 48,000 2,000 275,000 180,000 355,000 195,000 275,000 Cash Accounts...

Answered: 1 week ago

Question

★★★★★
Each of the following secondary authorities specifically discusses an intoxicated party's ability to form a contract. Retrieve and review each source by typing or copying the citation into the search...

Answered: 1 week ago

Question

★★★★★
On July 1, 20x0, Ran County issued realty tax assessments for its fiscal year ended June 30, 20x1. On September 1, 20x0, Day Co. purchased a warehouse in Ran County. The purchase price was reduced by...

Answered: 1 week ago

Question

★★★★★
Why is Disneys ROE lower than Netflixs in 2019? Should Antonia Crowley be concerned? Explain why she should or should not be concerned?

Answered: 1 week ago

Question

★★★★★
Solve 14 (solve significant digits and proper units) 14. Mr. Richmond is attempting a death defying stunt by firing himself out of a cannon. The cannon will launch Mr. Richmond with a speed of...

Answered: 1 week ago

Question

★★★★★
Dr. McGinnis was involved in the Clean Lakes Study at Lake Allatoona, Georgia, and facilitated the creation of a collaborative network of federal, state, regional, and local agencies and...

Answered: 1 week ago

Question

★★★★★
What is a specific, difficult goal that you have for your life? Discuss why having that specific, difficult goal may lead to better results than a general, easy goal.

Answered: 1 week ago

Question

★★★★★
Suppose that you had been one of the MBA appllcan1s who sl\Jmbled across an opporwnity to learn your results early. What would you have done, and why? Would you have considered it a moral decision?...

Answered: 1 week ago

Question

★★★★★
One of the applicants admits that he used poor judgment but believes that his ethics shoo kl not be questioned. What do you think he means? If he exercised poor judgment on a question of right and...

Answered: 1 week ago

Question

★★★★★
What moral Issues does tile Pinto case raise?

Answered: 1 week ago

Previous Question Next Question