Terrapins has a bond issue outstanding with nine years remaining to maturity, a coupon rate of 10% with interest paid semi-annually, and a par value of $1,000. If the current market price of the bond issue is $814.45, what is the yield to maturity?

Answers

Answer 1

Answer:

the answer is $345.98.

Explanation:

hope it helps you


Related Questions

Suppose a REIT pays out a dividend today of $3.00 and the projected dividend growth rate is 2%. The investor has a required rate of return/discount rate of 5%. According to the Gordon dividend discount model, what is the REIT’s stock worth today?

Answers

Answer:

current stock price = $153

Explanation:

P₀ = Div₁ / (Re - g)

P₀ = current price = ?Div₁ = next years's dividend = $3.00 x 1.02 = $3.06Re = cost of equity = 5%g = growth rate = 2%

P₀ = $3.06 / (5% - 2%) = $3.06 / 3% = $153

current stock price (P₀) = $153

What is the difference between intradepartmental and interdepartmental
communication?
A. Interdepartmental is among members of a department and
intradepartmental is between two or more departments.
B. Intradepartmental is between departments of two or more companies and interdepartmental is between two or more departments of one company.
C. Intradepartmental refers to communication within a company and interdepartmental refers to communication outside of the
company.
D. Intradepartmental is among members of a department and
interdepartmental is between two or more departments.
NEED ASAP PLEASE!!

Answers

The prefix "intra" means within, so intradepartmental communications are those that occur within a department. ... Departments may have communication problems, rivalries or even hostilities with one another. The prefix "inter" means between, so interdepartmental communications are those that occur between departments.

the correct answer is D; intradepartmental is among members of a department and interdepartmental is between two or more departments.

[When producing a 3TB portable hard drive, fixed costs are $20,000,000 regardless of sales volume. Variable costs are $25 per unit and the unit price of the portable hard drive is $50.] Julie also wants to consider the case of estimated sales volume for the target return of $20 million. Fixed costs, variable costs per unit, and price remain the same. In such a case, total revenue is ___________________ Group of answer choices

Answers

Answer:

$80 million

Explanation:

Return (profit) = Total revenue - total cost

Total revenue = price x quantity sold

price = $50

quantity sold = x

total revenue = $50x

Total cost = fixed cost + variable cost

fixed cost = $20,000,000

variable cost = Variable costs per unit x quantity sold

= $25x

Total cost = $20,000,000 + $25x

$20,000,000 = $50x - ($20,000,000 + $25x)

Collecting like terms and solving for x

$40,000,000 = $25x

x = 1,600,000

Total revenue =  1,600,000 x $50 = $80 million

The total revenue is $80 million.

We know that;

Profit = Total revenue - total cost

But

Total revenue = price x quantity sold

Total revenue = $50 * X (quantity sold)

Total revenue = $50X

Also,

Total cost = Fixed cost + Variable cost

Variable cost = Variable costs per unit x quantity sold

Variable cost  = $25x

Hence,

Total cost = $20,000,000 + $25x

$20,000,000 = $50x - ($20,000,000 + $25x)

Solving for X, we will have ;

$40,000,000 = $25x

X = 1,600,000

Recall

Total revenue = $50X

Total revenue = $50 * 1,600,000

Total revenue = $80 million

It therefore means that in such a case, the total revenue would be $80 million.

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Last year's sales revenues at Coffee Connection were $27,000, and the cost
of sales was $24,840. What was Coffee Connection's gross profit margin last
year, expressed as a percentage?
A. 9%
B. 27%
C. 92%
D. 8%

Answers

Answer: it’s 8%

Explanation:

just took the test

A business is considering a cash outlay of $880,000 for the purchase of land, which it intends to lease for $200,000 per year. If alternative investments are available that yield a 15% return, the opportunity cost of the purchase of the land is:___________.
a. $102,000.
b. $132,000.
c. $200,000.
d. $175,000.

Answers

Answer:

b. $132,000

Explanation:

Opportunity cost is an economic term for expressing cost in terms of foregone alternatives. From the above, we can infer that the company is considering a cash outlay of $880,000 for the purchase of land which it could lease for $200,000 per year and the alternative investment would bring in return 15% yield.

It therefore means that the opportunity cost for the purchase of land would be;

= Initial cash outlay × yield returns

= $880,000 × 15%

= $132,000

The opportunity cost of the purchase of the land is $132,000

What are the differences between the five-stage model of team development and the punctuated equilibrium model?

Answers

Answer: The five stage model of a team Development include; forming, storming, norming, performing and adjourning, Punctuated Equilibrium, suggest there are no steps, just 2 phases during research.

Explanation:

The five stage model of a team Development include; forming, storming, norming, performing and adjourning.

Forming involves acquittance with the members, understand scope of the project and establish good relationships.

Storming involves members accepting they're part of the project group and resist constraint on individualism.

In norming, the group establishes how they can work together.

Performing is being functional

Adjsuting, the team prepares for high disbandment

Punctuated Equilibrium, suggest there are no steps, just 2 phases during research.

A firm sells 420 units of a good when it charges a price of $24. When it charges a price of $28 it sells 480 units. What is the price elasticity of demand (in absolute value)?

Answers

Answer:

0.87

Explanation:

Price elasticity is defined as a measure of how responsive the quantity of a product demanded is to changes in its price.

It is important in determining how price changes affects the demand of a product.

The supplier uses this to gauge how an increase in price will affect demand and by extension their profits.

It is calculated by finding ratio of percentage change in quantity to percentage change in price.

Price elasticity = (% change in quantity demanded) ÷ (%change in price)

Change in quantity demanded = (480-420) ÷420 = 0.143

Change in price = (28-24) ÷ 24 = 0.167

Price elasticity = 0.143 ÷ 0.167 = 0.87

Assume the nominal rate of return is 5.75% and the inflation rate is 2.89%. Find the real rate of return using the exact formula.

Answers

Answer:

the real rate of return is 2.78%

Explanation:

The computation of the real rate of return is shown below:

The real rate of return is

(1 + nominal rate of return)  = (1 + real rate of return) × (1 + inflation rate of return)

Real rate of return = (1 + nominal rate of return) ÷ (1 + inflation rate of return) - 1

= (1 + 0.0575) ÷ (1 + 0.0289) - 1

= 0.027796676

= 2.78%

hence, the real rate of return is 2.78%

We simply applied the above formula so that the correct value could come

And, the same is to be considered

General Talc Mines has compiled the following data regarding the marker value and cost of the specific sources of capital. Market price per share of common stock-$50. Market value of long-term debt-$980 per bond.
The weighted average cost of capital using market value weights is: ________.
A- 11.7%
B- 13.5%
C- 15.8%
D- 17.5%
E- 14.4%

Answers

Answer:

D- 17.5%

Explanation:

Hi your question was incomplete see the  attached  full question as an image

The Average Cost of Capital is the return that is required by providers of Long term Permanent Sources of Finance

WACC = 8% × 0.05 + 19% × 0.95

           = 18 %

An investor is bearish on a particular stock and decided to buy a put with a strike price of $44. Ignoring commissions, if the option was purchased for a price of $.93, what is the break-even point for the investor

Answers

Answer:

$43.07

Explanation:

Strike price of Put Option = $44

Option purchased price = $0.93

Break-even point for the investor = [Strike price - Put Option purchased price}

= $44 - $0.93

= $43.07

Therefore, the Break-even point for the investor is $43.07

You want to have $500,000 in today's (real) dollars when you retire in 40 years. The expected inflation rate is 1.1% and the nominal return on your investments is 6.5%. How much money do you have to save now if you can't make any additional deposits?

Answers

Answer:

Initial deposit= $62,378.07

Explanation:

First, we need to calculate the nominal value of $500,000 in 40 years:

Future Value= PV*(1+r)^n

r= inflation rate

FV= 500,000*(1.011^40)

FV= $774,490.74

Now, the initial deposit (PV) to be made in the present:

PV= FV/(1+i)^n

i= interest rate

PV= 774,490.74 / (1.065^40)

PV= $62,378.07

Kim's Bridal Shoppe has 10,200 shares of common stock outstanding at a price of $36 per share. It also has 215 shares of preferred stock outstanding at a price of $87 per share. There are 520 bonds outstanding that have a coupon rate of 5.5 percent paid semiannually. The bonds mature in 17 years, have a face value of $1,000, and sell at 93 percent of par. What is the capital structure weight of the common stock?

Answers

Answer:

26.43 %

Explanation:

The Capital Structure is based on  the Market Weight of the Sources of Finance as shown below :

Equity market value = Number of shares × price/share

Equity market value  = 10,200 ×  $36

Equity market value = $367,200

Current debt value = Number of bonds × price/bond

Current debt value = 520 × (1930)

Current debt value = $1,003,600

Preferred stock value = Number of shares × price/share

Preferred stock value = 215 ×  $87

Preferred stock value = $18,705

Total capital = Common equity value + Debt value + Preferred stock value

Total capital = $367,200 + $1,003,600 + $18,705

Total capital = $1,389,505

Weight of Equity = Equity value / Total capital

Weight of Equity  = $367,200 / $1,389,505

Weight of Equity = 26.43 %

Edgar, Inc. has a materials price standard of $2.00 per pound. 6000 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 6000 pounds, although the standard quantity allowed for the output was 5400 pounds. Edgar, Inc.'s materials price variance is $120 U. $1200 U. $1080 U. $1200 F.

Answers

Answer:

$1,200U

Explanation:

Edgar's inc material price variance would be computed as;

= [(AQ × AP) - (AQ × SP)]

Where;

AQ = Actual quantity = 6,000 pounds

AP = Actual price = $2.20

SP = Standard price = $2

Therefore, Edgar's inc Material price variance ;

= [(6,000 × $2.20) - (6,000 × $2)]

= [($13,200) - ($12,000)]

= $1,200U

So this is a personal problem please help

So...I knew this girl for about 6-8 years and we been doing everything together but Yesterday I found out she was talking behind my back and I don’t know what to do I know I should not talk to her anymore or be friends but she doesn’t know I know that she was talking behind my back how do I tell her????

Answers

Answer:

ask her why

Explanation:

because friend will do somthing for a reason

plz answer dedo yaar​

Answers

Huh what does that mean

Shellhammer Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 100 $3.34 Purchases: September 8 450 3.50 September 18 350 3.70 A physical inventory on September 30 shows 200 units on hand. Calculate the value of the ending inventory and cost of goods sold if the company uses weighted average inventory costing and a periodic inventory system. (Round

Answers

Answer:

Shellhammer Company

Ending inventory = $712

Cost of goods sold = $2,492

Explanation:

a) Data and Calculations:

Date                     Item          Units           Unit Cost     Total Cost

September 1    Inventory           100           $3.34          $334.00

September 8   Purchases        450             3.50          1,575.00

September 18 Purchases        350              3.70          1,295.00

September 30 Total                900                            $3,204.00

Ending inventory                     200

Cost of goods sold                 700

Weighted Average cost = Total cost of goods available for sale/Total units available for sale

= $3,204/900 = $3.56

Value of Ending Inventory = $3.56 * 200 = $712

Value of Cost of goods sold = $3.56 * 700 = $2,492

b) The weighted average inventory costing, under the period inventory system, used by Shellhammer is an assumption that the costs attributable to ending inventory and cost of goods sold are determined from the average cost per unit and that these the average cost is ascertained at the end of the period.  Therefore, the cost of beginning inventory and purchases are accumulated and divided by the units of goods available for sale.

In addition to candidates who have the technical skills required of the position, what else do employers look for

Answers

Answer:

a personality that fits with their work environment

Explanation:

The second most important trait that employers look for is a personality that fits with their work environment. In almost all jobs the candidate will be working with a varied number of other employees in the company. The employers want to make sure that the candidate's personality matches the personality of the other employees so that they make sure that the candidate will be a good fit in the company and get along with the rest of the employees. This will almost guarantee that the candidate will work as efficiently as possible.

Which characteristics make it so that perfectly competitive firms and monopolistically competitive firms have zero economic profit in the long run?

Answers

Answer:

A.  Homogeneous product and perfect information

Explanation:

The characteristics in which the perfectly competitive market and the monopolistic market would have zero economic profit in the long run that should be the same product and perfect information as the high prices would vary . Also it decreases the asymmetric information

Therefore as per the given situation, the correct option is A

Kim thinks that she is going to love working for her new company, as it is very informal with a lot of cross-functional teams with members from different departments. This is an example of what kind of structure?

Answers

Answer:

Organic

Explanation:

An organic structure in a company has an extremely flat reporting structure. Employees tend to interact among themselves and not along different management levels or direct reports.

This structure affects decision making which is more by consensus. Decision does not lie with a single manager.

In the given scenario the organisation where Kim wants to work is very informal with a lot of cross-functional teams with members from different departments.

This is an organic organisation structure

Abraham has just purchased his first car. His bank, First State Bank, loaned him the money to buy the car and has required him to purchase insurance to protect the car as the collateral for the loan. Which basic types of coverage should Abraham buy to satisfy the bank requirement and to best protect himself from the risks of operating an automobile?
A) Collision coverage only.
B) Collision and comprehensive coverage only.
C) Collision,uninsured motorist,and comprehensive coverage.
D) Collision,uninsured motorist,comprehensive,and liability coverage.

Answers

Answer:

Option D) Collision,uninsured motorist,comprehensive,and liability coverage.

Explanation:

A Collateral is Simply an item of value used to secure the principal portion of a loan. It is usually required when requesting for loan. It is anything of value that could be used to cover the value of the loan.

Cars has different types of insurance coverage. Some of which are:

1.Liability (required by law)

2.Collision (may be required by lender)

3.Uninsured/Underinsured (optional but recomended)

4.Comprehensive(may be required by lender)

what compiles customer information from a variety of sources and segments the information for different

Answers

Answer:

List generator.

Explanation:

List generator compiles customer information from a variety of sources and segments the information for different marketing campaigns.

Basically, this information are used to provide a good, effective and efficient marketing mix.

Generally, a marketing mix is made up of the four (4) Ps;

1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.

2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.

3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.

4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.




The functions of a business, whether large or small can be divided into four basic types. Which of the following is NOT a basic type of function?
ved out of
Select one:
a. Marketing

b. Admin
c Production/Operation
d. Human Resource

Answers

Answer:

b. Admin

Explanation:

The functions of any business organization are usually split into different departments or work areas. The departments or work areas are the same as functional areas. Each of the functional areas performs specific tasks that help the organization achieve its objectives.

The main functional areas present in all businesses are:

1. Marketing

2. Human resources

3. Operations

4. Finance

right decision in right time get success in our life?​

Answers

Answer:

You are the only person who get's to decide if you are happy or not- Do not put you're happiness into the hands of someone else. Do not make it contingent their acceptance of you, or there feelings for you. At the end of each day , it doesn't matter if someone dislikes you, or if someone doesn't want to be with you. All that matters is that you are happy with the person you are becoming. All that matters is that you like yourself, that you are proud of what you put out into the world. Never forget that you are in charge of you're joy, and of you're worth. You get to be you're own validation. Please never forget that!

When people are differentiated in terms of their aesthetic and intellectual preferences, a ________ concept is being applied.
A) cultural code designation
B) social cluster
C) taste culture
D) consumption constellation

Answers

Answer: C) taste culture

Explanation:

Taste culture refers to the preferences that person holds that are based on intellectual and aesthetic values that are dear to them. Essentially, it refers to people's tastes.

An example would be the tendency of young people to wear fashionable clothing. When people are grouped according to these aesthetic or intellectual preferences, they are being grouped by taste culture.

A drawback of countertrade is that it fails to enable firms to finance an export deal. it is detrimental to the economy of the importing country. developing nations have trouble raising the foreign exchange necessary to pay for imports. it does not allow firms to invest in an in-house trading department dedicated to arranging and managing deals. it may involve the exchange of poor-quality goods that cannot be disposed of profitably.

Answers

Answer: it may involve the exchange of poor-quality goods that cannot be disposed of profitably.

Explanation:

Countertrade is a form of trade that typically occurs in international trade when rather than exchanging goods or services for foreign exchange, the goods are being exchanged for another good. It is just like a bartee system.

It should be noted that a disadvantage of this is that it may involve the exchange of poor-quality goods that cannot be disposed of profitably. This is because when a particular country has a low quality good, the counter can use the opportunity to exchange the low quality goods with another country during the counter trade.

The Treasury bill rate is 6%, and the expected return on the market portfolio is 10%. According to the capital asset pricing model:________

Answers

Answer: See explanation

Explanation:

Your question is not complete. Here is the completed question:

The Treasury bill rate is 6%, and the expected return on the market portfolio is 10%. According to the capital asset pricing model, what is the risk premium?

The risk premium will be the difference between the market portfolio and the treasury bill rate. This will be:

= 10% - 6%

= 4%

How do the entry and exit of firms in a purely competitive industry affect resource flows and long-run profits and losses?

Answers

Answer:

The fact that in a purely competitive industry there are neither barriers to entry nor barriers to exit is what makes economic profit, in this type of industry, impossible in the long-run.

This is because when there is economic profit in the industry, firms are lured to enter, saturating the market, and lowering economic profit to zero in the process. When this happens, some firms opt out of the industry, bringing economic profit back to positive territory, causing the cycle to repeat itself.

Z company retires a $70 million bond issue when the carrying value of the bonds is $65 million, but the market value of the bonds is $74 million. Z company will record the retirement as:__________.
A) A debit of $9 million to Loss due to early extinguishment.
B) A credit of $9 million to Gain due to early extinguishment.
C) No gain or loss on retirement.
D) A debit to Cash for $74 million

Answers

Answer:

A debit of $9 million to Loss due to early extinguishment.

Explanation:

Based on the information given we were told that the carrying value of the bonds was the amount of $65 million in which the market value of the bonds was the amount of $74 million based on this thebcompany will record the retirement as a debit of $9 million to Loss due to early extinguishment calculated as: ($65 million -$74 million)

Lyft raises ride-sharing fares when more people need rides and vice versa. This is referred to as _______.

Answers

Answer:

surge pricing

Explanation:

Surge pricing is a marketing strategy in which the supply is manipulated according to the demand. In this strategy, the price of the rides are adjusted as per the availability of the drivers, and the demand of the rides. Also, it depends upon the time of the demanded rides. There is an increase in the price of the rides of Lyft in situation where the demand is high. Also, there is an increase in the price when the availability of the drivers is less.

Reducing laws and rules businesses have to follow is an example of
Question 12 options:

comparative advantage

deregulation

production possibilities

regulation

Answers

Answer:comparative advantage

Explanation:

Deregulation can be defined as a process of reducing laws and rules business have to follow to conduct their regular business activities. Therefore, the option B holds true.

What is the significance of deregulation?

Deregulation can be referred to or considered as a process of lowering the number or amount of regulations that are applicable to be followed by a person governed under such regulations. These regulations are completely binding upon the person who is being governed.

For example, when a government authority reduces the laws and rules needed to be followed by enterprises in its economy, it can be said that the government is following the process of deregulation in its economy. Deregulation may be done to promote the conduct of business activities.

Therefore, the option B holds true and states regarding the significance of the process of deregulation.

Learn more about deregulation here:

https://brainly.com/question/1129616

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