Stein Co. issued 15-year bonds two years ago at a coupon rate of 5.4 percent. The bonds make semiannual payments. If these bonds currently sell for 94 percent of par value, what is the annual YTM

Answers

Answer 1

The annual YTM will be 3.07% if the bonds make semiannual payments and sell for 94 percent of par value.

Given data

Coupon rate (CR) = 5.4%

Current price (B0) = 94%

Assuming maturity value (MV) = 100%

Years to maturity (n) = 15.

What is the Annual YTM?

YTM = CR + ((MV − B0)/n) / ((MV + B0)/2)

YTM = 5.4% + (100% - 94%)/15) / (100% + 94%)/2)

YTM = 0.054 + (-0.03866666666) / 0.97

YTM = 0.01533333334 / 0.97

YTM = 0.015333 * 2

YTM = 0.030666

YTM = 3.07%

In conclusion, the annual YTM will be 3.07% if the bonds make semiannual payments and sell for 94 percent of par value.

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Related Questions

A role in public relations for a company might deal with which of the following?

A: Advertising creation
B: Financial support
C: Building maintenance
D: Political agendas

Answers

Answer:

heres the answer

Explanation:

Public relations professionals present the face of an organization usually to articulate its objectives and official views on issues of relevance, primarily to the media. Public relations activity contributes to the way an organization is perceived by influencing the media and maintaining relationships with stakeholders.

You’ve just read the article about Macy’s and Nordstrom’s. Why do you think companies like Macy's have to move to an Omnichannel strategy for selling their products?

Answers

The companies like Macy have to move to an Omnichannel strategy for selling their products because in Omnichannel strategy, products are sold through several distribution channels.

What is a distribution channels?

Distribution channel serves as the means by which companies make their products to be available to final consumer.

This channels encompass retailers as well as wholesaler, and in In omni channel, all the distribution channels are linked to each other.

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Which of the following is an example of versatility?

Answers

Answer:

changing the sleeves to use less fabric after finding the order is short

Firms making a loss will compare the losses if it shuts down to the losses if it operates in the short run. What quantity will the firm produce if it shuts down in the short run

Answers

The quantity that would be produced by a firm that shuts down in the short run is zero units.

When would a firm shut down in the short run?

The short run is a period when at least one or more factors of production are fixed and the others are variable. In the short run, if the average variable cost is greater than the price, the firm should cease production. This means that zero units of output would be produced.

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Your company just started offering a profit-sharing plan, which could increase your total compensation by as much as 25%—if the company does well. This form of compensation is classified as:

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If your company just started offering a profit-sharing plan if the company does well. This form of compensation is classified as: Incentive.

What is incentive?

Incentive can be defined as the way of compensating  a person by giving the extra money so as to encourage the person.

Since the proft sharing plan  will tend to lead to increase in compensation by 25% in a situation where the company have increase in productivity. This is called incentive.

Therefore this form of compensation is classified as: Incentive.

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How does SEO impact the way that marketers write their ads?

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Answer:

It enhances the marketing scopes and magnifies to reach for a particular brand by attracting an increasing number of potential users

Search Engine Optimization is technically used as a marketing tool rather than marketing itself. It enhances the marketing scopes and magnifies the reach for a particular brand by attracting an increasing number of potential users. SEO basically optimizes a web page and makes it more engaging for the end-users.

How does public policy impact entrepreneurs?

How does public policy impact entrepreneurs?
What are some specific examples of policies and programs that support new and existing small businesses?

What additional policy considerations can support the development of entrepreneurial skills among young people?

Answers

Answer:

Four policies that have an impact on entrepreneurship are: tax policy, regulation, start-up costs and access to capital markets, and legal protection and property rights.

good luck on whatever assignment u got to do

In the project initiation phase, which document contains high-level details of the proposed project? A. project plan B. project proposal C. business justification D. proposal summar

Answers

In the project initiation phase, the project proposal is known to  contains high-level details of the proposed project.

What is a project proposal?

This is a project document that is known to carry all of the details that the project is supposed to have.

The proposal is known to have an outline of all that the stakeholders need to know about the work that is to be done.

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Answer:

The answer is B. project proposal

Explanation:

Annual dividends of ATTA Corp grew from $0.96 in 2005 to $1.76 in 2017. What was the annual growth rate

Answers

Based on the dividends of ATTA Corp over the years, the annual growth rate was 5.18%.

What was the annual growth rate?

Using the present value equation:
Current dividend  = Original dividend x ( 1 + rate) ^ number of years

Solving gives:

1.76 = 0.96 x ( 1 + r)¹²

(1.76 / 0.96 )¹/¹² = 1 + r

1 + r = 1.0518

r = 5.18%

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Select the correct answer from each drop-down menu.
Complete the following sentences related to IT policy in a workplace.
You can instill a sense of trust in your
You can also install an Internet
by allowing them to use the Internet for
system to protect the data in your systems.
use for a limited time.

Answers

Answer:

You can instill a sense of trust in your employees by allowing them to use the Internet for personal use for a limited time.You can also install an Internet security system to protect the data in your systems.

Explanation:

Answer:

Clean your screen

Explanation:

ts dirty

Type II error is also called a. Confidence level b. Consumer's risk c. Producer's risk d. Level of significance

Answers

Type II error has been known to be called a type of risk which is known as b. consumer's risk.

What is a Type II error?

This refers to a scenario in statistics where a consumer does not reject a null hypothesis that is false.

It is called a consumer risk because a consumer might have a null hypothesis that a product is good and fail to reject this hypothesis leading to them picking a bad product.

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Any unamortized premium is reported on the balance sheet

a. as a deduction from the face amount of the bonds.
b. as an addition to the face amount of the bonds.
c. as a stand-alone line item.
d. netted with bonds, showing only the carrying amount.

Answers

B. As an addition to the face amount of the bonds

Smita paid $100 for textbooks at the college bookstore by check. She incorrectly wrote the number $1,000.00 on the check rather than $100.00. She correctly wrote the words “one hundred and no cents.” When Smita received her bank statement, she saw the check had been cashed for $1,000 and not for $100. She notified the bookstore of the error, but the bookstore refused to refund the $900 over-payment. Can Smita require the bank to credit her account for $900? Explain.

Answers

Smita may require the bank to recover the overpayment through the bookstore's bank but cannot require the bank to credit her account for $900.

How to handle check disputes?

Handling check disputes requires professionalism.  Proper channels and procedures must be followed.

In this case, both Smita and the bank were at fault for not noticing the difference in amount and figure.

Ordinarily, the bookstore should not refuse to refund the $900 over-payment because it is aware of the amount of its invoice.

However, when Smita meets with a refusal from the bookstore, she should confront the bank squarely to follow official procedures.

Thus, Smita may require the bank to recover the overpayment from the bookstore through the bookstore's bank but cannot require the bank to credit her account for $900 because the fault lies on both and the law does not permit the bookstore to keep the overpayment.

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Roger is engaging in HR planning. He is trying to predict what human resources will be needed in the coming year in his organization. Roger is engaged in Multiple Choice forecasting. goal setting. program implementation. program evaluation. performance evaluation.

Answers

The activity in which Roger is engaged in is called program evaluation.

What is Program Evaluation?

This refers to the ability to make predictions about the things which are needed for a program to run successfully.

Hence, because Roger is involved in Human Resources planning and he is trying to predict what human resources will be needed in the coming year in his organization, then he is engaged in program evaluation.

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Names of the big companies that liquidated in South Africa? ​

Answers

Answer:

the rivers

Explanation:

Dax is an architect who wants to be able to let clients walk through a digital version of a house before the house is actually built. Which of the following should be used to create that experience?

Answers

Virtual Reality can be used by Dax, so that his client will be able to walk through a digital version of a house before actual building.

What is Virtual Reality?

Virtual Reality can be regarded as a computer-generated environment which looks like a real life environment with scenes and objects .

Therefore, Dax can use Virtual Reality to shows his clients about his house digitally.

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Answer: Virtual Reality

Explanation:

..................................................................x

Answers

Great job musta took long time lol

A leverage ratio is any one of several financial measurements that look at how much capital a firm holds in relation to its total assets. For our purposes we define the bank's leverage ratio as equity capital divided by total assets.*

Go to the St. Louis Federal Reserve FRED database, and find data on assets less liabilities, i.e. bank capital (RALACBM027SBOG), and total assets of commercial banks(TLAACBM027SBOG). Starting in January 1995 until December 2018, calculate the bank leverage ratio and create a line graph of the leverage ratio over this sample (include the graph you created with your submission). Given the path of bank leverage over time, what can you conclude about moral hazard in the banking system over the time period considered?



* - Just to show how nebulous is the definition of the leverage ratio, the inverse of this ratio is also called a leverage ratio in other contexts.

Answers

Based on the data given in the database, the leverage ratios from 1995 to 2018 are:

1995 - 0.0828691996 - 0.0571421997 - 0.0571421998 - 0.0450941999 - 0.0410832000 - 0.0401612001 - 0.0448272002 - 0.046132003 - 0.0492422004 - 0.0555492005 - 0.0638062006 - 0.0671562007 - 0.0703862008 - 0.0698252009 - 0.0742352010 - 0.1132942011 - 0.1136462012 - 0.1147882013 - 0.1109412014 - 0.1078432015 - 0.1087832016 - 0.1095192017 - 0.1103212018 - 0.109845

What does the data show?

The leverage ratios shown above are yearly averages calculated by averaging the monthly leverage ratios.

Monthly leverage ratio:
= Bank capital / Assets of commercial banks

The attached line graph shows that moral hazard has increased overtime as banks have taken on more risk.

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More Annual Dividends

Question 5 Attached

Answers

Based on the dividends paid on a semi-annual basis, the annual dividend for each of Susan's shares are $2.24.

What is the annual dividend?

First find the quarterly dividend per share:

= Dividend / Number of shares

= 1,400 / 2,500

= $0.56

The annual dividend will be:

= Quarterly dividend x Number of quarters in year

= 0.56 x 4

= $2.24

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Find the definitions of the following words or expressions in terms of business.

1-Private sector
2-Sole proprietorship
3-Legal difference
4-Business activities
5-Partnership
6-Group of individuals
7-Businesses
8-Corporation
9-Incorporated business
10-individual
11-Owners
12-Unincorporated business
13-Company or firm
14-Legal person
15-Separation of ownership and Control
16-Corporation
17-Take over
18-Private company
19-Liquidation
20-management
21-Public company

Answers

Answer:

2

Explanation:

as;dlkfj

Jim Angel holds a $200,000 portfolio consisting of the following stocks: Stock Investment Beta A $50,000 1.20 B $50,000 0.80 C $50,000 1.00 D $50,000 1.20 Total $200,000 What is the portfolio's beta

Answers

Assuming Jim Angel holds a $200,000 portfolio consisting of the following stocks. The portfolio's beta is 1.050.

Portfolio beta

First step

Weight of stock A=50,000/200,000=0.25

Weight of stock B=50,000/200,000=0.25

Weight of stock C=50,000/200,000=0.25

Weight of stock D=50,000/200,000=0.25

Second step

Portfolio beta=Weight ×beta

Stock A =1.20×0.25=0.3

Stock B= 0.80×0.25=0.2

Stock C 1.00×0.25 =0.25

Stock D 1.20×0.25=0.3

Total 1.050

Inconclusion the portfolio's beta is 1.050.

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Is Starbucks bucking the trend of other food-service stores?

Answers

Mhm yeah I think soooo lol

A movement downward and to the right along a demand curve is called a(n) Group of answer choices increase in demand. decrease in demand. decrease in quantity demanded. increase in quantity demanded.

Answers

When there is an increase in quantity demanded, there will be a movement downward and to the right along a demand curve.

What is a demand curve?

On a demand graph, the curve shows the relationship between the price of a good and quantity demanded for its at a given period of time.

However, when there is an increase in quantity demanded, there will be a movement downward and to the right along a demand curve.

Therefore, the Option A is correct.

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Question 1
Which of these is a main feature of the market economy?
A. Restricted resource use
B. The profit motive
C. Governmental regulation
D. Lack of private ownership of resources

Answers

Answer:

B

Explanation:

GIVING BRAINLIEST!!
2 Questions
Questions Attached

Answers

1a) The pre-split market capitalization for Gm Corporation is $583.2 million ($129.60 x 4.5 million).

1b) The post-split number of shares is 11.25 million shares (4.5 million x 5/2).

1c) The post-split market price per share for GM Corporation is $51.84 ($129.60 x 2/5).

1d) The post-split market capitalization for GM Corporation is $583.2 million ($51.84 x 11.25 million).

What is a Stock-Split?

A stock split divides a company's shares into more number of shares.  By this division, the number of shares are increased while the share price is lowered.

For example, GM Corporation's 5-for-2 stock split increases its outstanding shares from 4.5 million shares to 11.25 million shares.

Similarly, Burger Chain's 3-for-1 stock split, will increase the outstanding number of shares while reducing the price from $48.81 to $16.27.

Data and Calculations:GM Corporation:

Business initiative = 5-for-2 stock split

Price before split = $129.60

Outstanding number of shares = 4.5 million

New number of shares = 11.25 million (4.5 million x 5/2)

a) The pre-split market capitalization for Gm Corporation is $583.2 million ($129.60 x 4.5 million).

b) The post-split number of shares is 11.25 million shares (4.5 million x 5/2).

c) The post-split market price per share per share for GM Corporation is $51.84 ($129.60 x 2/5).

d) The post-split market capitalization for GM Corporation is $583.2 million ($51.84 x 11.25 million).

Burger Chain:

Business initiative = 3-for-1 stock split

Price before split = $48.81

Dividend per share = $2.07

2a) The new price of one share after the split for Burger Chain is $16.27 ($48.81 x 1/3).

2b) The new dividend after the split is $0.69 ($2.07 x 1/3).

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Assume the manager is located at point B in the diagram above, and he is charging a price of P0. What does the demand for the firm's goods look like if the management anticipates that rivals would not match price reductions but will match price rises instead of price decreases?

Answers

The demand for the firm's goods based on the diagram given and the current price is elastic.

Why is the price elastic?

Demand is said to be elastic when quantity demanded decreases when prices increase, and vice versa.

Looking at the graph, if there is a price increase by management, the demand will decrease as shown by the space on the blue line above quantity B.

If prices reduce however, the demand increases as shown by curve D₂.

In conclusion, the demand is elastic.

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the african economic community (AEC) is an organization of african union states establishing a single market, a central bank and common currency. what type of arrangement does this BEST represent

Answers

Explanation:

The aim of the AEC is to promote economic, social and cultural development as well as African economic integration in order to increase self-sufficiency and endogenous development and to create a framework for development, mobilisation of human resources and material.

Please help will mark BRAINLIST

Answers

It would be a explanation trust me bro

Pre-split price per share question

Question 2 Attached

Answers

The pre-split price per share of Xytox Corporation's stock before the 1-for-10 reverse split was $4.41.

What is a reverse split?

A reverse split is the reduction of the number of shares of a corporation's stock.

When a corporation institutes a reverse split, the number of outstanding shares reduces to form a smaller number in proportion to the reverse split.

The fewer shares consolidate the stock at a higher price.  A reverse split is the opposite of a stock split that increases the number of outstanding shares while reducing the share price.

Thus, the pre-split price per share of Xytox Corporation's stock before the 1-for-10 reverse split was $4.41.

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Which of the following are the limitations of conducting extra military instruction (EMI)? Select all that apply.

Answers

Answer:

chief Petty officers

Explanation:

because it can assign no more than a total of ten hours of EMI

Chief petty officers is  the limitations of conducting extra military instruction.

What is Chief petty officers?

Just above Petty Officer First Class and below Senior Chief Petty Officer, Chief Petty Officer is the seventh rank in the US Navy and US Coast Guard. Registered occupational specialty are referred to as "evaluation."

In the naval forces of English-speaking nations, most frequently the US Navy, a chief petty officer (CPO) is a member of the rank group of non-commissioned officers with portepee. The closest equivalent would be a chief petty officer with a boatswain's rank in the German Navy.

The highest non-commissioned officer rank in the U.S. Navy is Master Chief Petty Officer of the Navy (MCPON). There is just one Non Commissioned Officer (NCO) who simultaneously holds this rank and position.

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