Business, 29.12.2021 20:10 TerronRice

Assume that three years ago, you purchased a corporate bond that pays 4.60 percent. The face value of the bond was $1,000. Also assume that three years after your bond investment, comparable bonds are paying 5.20 percent. (a) What is the annual dollar amount of interest that you receive from your bond investment? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
(b) Assuming that comparable bonds are paying 4.90 percent, what is the approximate dollar price for which you could sell your bond? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
(c-1) Did the bond increase or decrease in value? Decreased in value Increased in value
(c-2) Why did the bond increase or decrease in value? Because market rates decreased Because market rates increased

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 21:40

The economic advisor of a large tire store proposes the demand function d(p)equalsstartfraction 1900 over p minus 40 endfraction , where d(p) is the number of tires of one brand and size that can be sold in one day at price p. answer parts (a) through (e) below. a. recalling that the demand must be positive, what is the domain of this function? the domain consists of all possible values of ▼ for which ▼ p d(p) ▼ does not exist. is positive. is zero. is negative. exists.

Answers: 3

Answer

Business, 21.06.2019 22:20

On january 1, jackson, inc.'s work-process inventory account showed a balance of $ 66,500. during the year, materials requisitioned for use in production amounted to $ 70,500, of which $ 67,700 represented direct materials. factory wages for the period were $ 210,000 of which $ 187,000 were for direct labor. manufacturing overhead is allocated on the basis of 60% of direct labor cost. actual overhead was $ 116,050. jobs costing $ 353,060 were completed during the year. the december 31 balance in work-process inventory is

Answers: 1

Answer

Business, 22.06.2019 10:30

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

Answers: 1

Answer

Business, 22.06.2019 19:20

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm

Answers: 1

Answer

You know the right answer?

Assume that three years ago, you purchased a corporate bond that pays 4.60 percent. The face value o...

Questions