Firm A is evaluating the following project's proposal: The project cost is RM350,000, with additional fixed asset purchase of RM40,000. In the next five years of the project, the cash flows are estimated to be RM120,000 in year 1, RM225,000 in year 2, and RM300,000 in year 3, RM150,000 in year 4, and final disbursement of 20% of the initial outlay. Aside from the final disbursement, 30% of the project cost is recoverable at the end of the project. The company's cost of capital is 6. 13% p. A. Based on Capital Budgeting Techniques, answer all the questions. 1. The initial outlay of the project is RM_ 2. Recoverable cost of the project is RM__ 3. Project's cash flow final disbursement is RM_ 4. Project's terminal value is RM_ 5. Total PV of the project's cash flow is RM_ 6. Total FV of the project's cash flow is RM 7. The payback period of the project is period. 8. The discounted payback period is period. 9. The NPV of the project is RM 10. The Pl of the project is 11. The IRR is _%. 12. The MIRR is %. 13. Upload your worksheet indicating the following analysis: PV of the cash flow Year 1 - 5 FV of the cash flow Year 1-5 -
Answers
Based on the Capital Budgeting Techniques, the project has a positive NPV, PI, IRR, and MIRR. Therefore, it is recommended to be accepted. The project has an initial outlay of RM 390,000, with cash inflows of RM 865,000 and a terminal value of RM 70,000.
The initial outlay of the project is RM 390,000 (RM350,000 + RM40,000).
The recoverable cost of the project is RM 117,000 (30% of RM390,000).
Project's cash flow final disbursement is RM 70,000 (20% of RM350,000).
The project's terminal value is RM 70,000 (final disbursement).
The total PV of the project's cash flow is RM 672,345.14.
The total FV of the project's cash flow is RM 865,000.
The payback period of the project is 2.35 years (RM245,000 ÷ RM350,000).
The discounted payback period is 3.01 years (PV of RM245,000 ÷ PV of RM390,000).
The NPV of the project is RM 98,028.84.
The Profitability Index of the project is 1.25 (PV of cash inflows ÷ initial outlay).
The IRR is 17.58%.
The MIRR is 13.41%.
To calculate the PV of the cash flow, the cash flows for each year are discounted back to their present values using the cost of capital of 6.13% per annum. The formula used for PV calculation is \($PV = \frac{CF}{(1+r)^n}$\), where CF is cash flow, r is the discount rate, and n is the year. The total PV of the cash flow is the sum of the PVs for each year.
To calculate the FV of the cash flow, the cash flows for each year are compounded forward to their future values using the cost of capital of 6.13% per annum. The formula used for FV calculation is \($FV = \frac{CF}{(1+r)^n}$\), where CF is cash flow, r is the discount rate, and n is the year. The total FV of the cash flow is the sum of the FVs for each year.
The payback period is the time required for the project to recover its initial investment. The formula used for payback period calculation is Payback period = Initial investment ÷ Annual cash inflow.
The discounted payback period is similar to the payback period, but it takes into account the time value of money by using discounted cash flows instead of nominal cash flows.
The NPV is the difference between the present value of the cash inflows and the present value of the cash outflows. A positive NPV indicates that the project is profitable and should be accepted.
The Profitability Index (PI) is the ratio of the present value of the cash inflows to the initial investment. A PI greater than 1 indicates that the project is profitable and should be accepted.
The IRR is the discount rate at which the present value of the cash inflows equals the present value of the cash outflows. It represents the rate of return that the project is expected to generate.
The MIRR is a modified version of the IRR that assumes that the cash inflows are reinvested at the cost of capital. It provides a more accurate picture of the project's profitability than the IRR, especially in situations where the cash flows are uneven.
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Related Questions
Distinguish between primary and secondary markets and discuss the importance of the secondary market for an initial public offering of shares.
Answers
Primary and secondary markets are two different kinds of financial markets. Let us first look at the definitions of primary and secondary markets.
Primary Market: A primary market is a place where securities, such as stocks or bonds, are issued and traded for the first time. This occurs when a corporation or government raises new funds by issuing securities to the public. The goal of the primary market is to facilitate the sale of new securities while also raising capital for the corporation or government issuing the securities.
Secondary Market: A secondary market is a place where securities that have already been issued in a primary market are bought and sold. Stocks are traded on the New York Stock Exchange, for example. In a secondary market, investors buy and sell securities among themselves. The secondary market provides liquidity to investors, allowing them to quickly buy or sell shares. Importance of Secondary Market for Initial Public Offering of SharesWhen a company wants to go public, the primary market is the place where it issues shares to the public. The secondary market is where the shares are traded among investors after they have been issued. The secondary market serves as an important source of liquidity for investors who buy shares in an initial public offering (IPO). A liquid secondary market makes it easier for investors to sell their shares and can help to drive demand for an IPO. This is critical because an IPO is a crucial time for a company, as it raises significant amounts of capital while also expanding its shareholder base.
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why must a monopoly supply a good or service that has no close substitute
Answers
Answer:
Because a monopoly is when one person or buisness provides a good or service that people can't get anywhere else so they can continue to make money.
Explanation:
why teacher want me to take exam
Answers
Answer:
dont know but our state dodge it because we had power and water out so we have about 2 weeks till then i think i know fo sure its in march tho
Explanation:
The Gilbert Instrument Corporation is considering replacing the wood steamer it currently uses to shape guitar sides. The steamer has 6 years of remaining life. If kept, the steamer will have depreciation expenses of $650 for 5 years and $325 for the sixth year. Its current book value is $3,575, and it can be sold on an Internet auction site for $4,145 at this time. If the old steamer is not replaced, it can be sold for $800 at the end of its useful life. Gilbert is considering purchasing the Side Steamer 3000, a higher-end steamer, which costs $12,900 and has an estimated useful life of 6 years with an estimated salvage value of $1,600. This steamer falls into the MACRS 5-years class, so the applicable depreciation rates are 20. 00%, 32. 00%, 19. 20%, 11. 52%, 11. 52%, and 5. 76%. The new steamer is faster and allows for an output expansion, so sales would rise by $2,000 per year; the new machine's much greater efficiency would reduce operating expenses by $1,700 per year. To support the greater sales, the new machine would require that inventories increase by $2,900, but accounts payable would simultaneously increase by $700. Gilbert's marginal federal-plus-state tax rate is 25%, and the project cost of capital is 14%.
Required:
a. Should it replace the old steamer?
b. What is the NPV of the project?
Answers
a. Considering the depreciation and incremental cash flows, Gilbert Instrument Corporation should replace the old steamer with the Side Steamer 3000 for improved profitability.
b. The positive NPV of the project, taking into account depreciation and discounted cash flows, indicates the net value generated by the investment.
To determine if Gilbert Instrument Corporation should replace the old steamer and calculate the NPV of the project, we will follow these steps:
1. Calculate the net cost of the new steamer (initial investment) by considering the purchase price, the sales price of the old steamer, and the change in net working capital.
Initial investment = (cost of new steamer) - (sales price of old steamer) + (change in net working capital)
Initial investment = $12,900 - $4,145 + ($2,900 - $700)
Initial investment = $11,955
2. Determine the annual cash flows generated by the new steamer by considering the increased sales, reduced operating expenses, and the depreciation tax shield.
Annual cash flows = (increased sales + reduced operating expenses) × (1 - tax rate) + (depreciation × tax rate)
For each year, calculate the depreciation using the MACRS rates and then compute the annual cash flows:
Year 1:
Depreciation = $12,900 × 20.00% = $2,580
Annual cash flow = ($2,000 + $1,700) × (1 - 0.25) + ($2,580 × 0.25) = $2,627.50
Repeat this calculation for years 2 to 6 using the respective MACRS rates.
3. Calculate the NPV of the project using the annual cash flows, the initial investment, and the project cost of capital.
NPV = -Initial investment + (Σ (annual cash flow / (1 + project cost of capital)^year))
Compute the NPV by summing up the discounted annual cash flows and subtracting the initial investment.
a. The decision to replace the old steamer depends on whether the NPV of the project is positive or negative. If the NPV is positive, Gilbert should replace the old steamer. If it is negative, Gilbert should not replace the old steamer.
b. The NPV of the project is the value calculated in step 3.
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QUE ES UN CHOQUE ELECTRO SEVERO
RAPIDO RAPIDO AYUDA POR FAVOR
ES DE ELTRICIDAD PERO LE PUSE ESA MATERIA PORFAVOR AYUDAME
Answers
Answer:
un choque electro es un choque electrico
A salaried employee receives an annual salary of $40,000. There are 26 pay
periods during the year. During the current pay period, she receives a bonus of
$200. What is her gross pay for this pay period?
A. $1,338.46
B. $1,738.46
C. $1,538.46
D. $1,938.46
Answers
Answer:
B. $1,738.46
Explanation:
Gross pay is the regular pay plus bonuses, allowances, and commissions.
In this case, the regular pay will be $40,000 divide by 26 pay periods.
=$40,000/ 26
=$1,538. 46
Gross pay = $1,538. 46 + $200 bonus
=$1,738. 46
he world flow of foreign direct investment between 1990 and 2017 increased 600 percent. If a company decides to establish a new operation in a foreign country, that company has engaged in Multiple Choice: O greenfield investment O an acquisition O franchise arrangement O censing arrangement
Answers
The correct answer to the question above is option A "greenfield investment"
Greenfield investment is a type of foreign direct investment (FDI) in which a parent company creates a subsidiary in a different country, building its operations from the ground up. The acquisition is an asset or object brought or obtained, typically by a library or museum. Franchise arrangements are the legally binding agreements between franchisors and franchisees that govern the franchise relation. licensing arrangement agreement that allows one party to use and or earn revenue from the property of the owner.
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prejudice is an attitude, and its cognitive component is called _____.
Answers
Answer:
stereotype
Explanation:
prejudice is an attitude,and it's cognitive component is STEREOTYPE.
Question 7 of 20
A marketing plan includes a number of factors, including the marketing mix.
What is the marketing mix?
A. Using names and symbols to identify the company's products
OB. A plan for spending money
OC. How the company intends for customers to view its product
relative to the competition
OD. The variables of product, price, place, and promotion
SUBMIT
Answers
Answer:
answer is d
Explanation:
yes
What is the first and most important of financial planning?
Answers
Making a budget is the most crucial first step in financial planning. While creating a budget is simple, maintaining it is more difficult. having the restraint to take the time, though.
Which component of financial planning is more important?Essentially, it helps you maintain control over your income, expenses, and assets so that you can manage your money and reach your goals.
What vital component of financial planning?The connection between objectives and investments is the key component of a sound financial strategy. All of our goals—including home ownership, sending our children to college, witnessing their marriages, and leaving a legacy for our loved ones—are emotionally laden.
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Which is not a feature of online banking?
Bill paying
Help from customer service
Locating nearby financial institutions and ATMs
Ordering food for delivery
Answers
Answer: Ordering food for delivery
an industry's key success factors can always be deduced by asking what factors?
Answers
Key success factors for an industry can be deduced by examining the following factors:
1. Competitive advantage: Determine the unique attributes or strategies that set successful businesses apart from others in the industry.
2. Market demand: Assess the current and future demand for the industry's products or services.
3. Customer needs: Identify the essential needs and expectations of the target market, and understand how well they are being addressed by existing players in the industry.
4. Innovation and technology: Evaluate the importance of innovation and technology adoption in driving industry success.
5. Cost structure: Examine the industry's cost structure, and identify ways businesses can achieve operational efficiency and cost optimization.
6. Regulatory environment: Understand the impact of government regulations and policies on industry growth and success.
7. Barriers to entry: Assess the ease of entering the industry, and determine the key barriers that successful businesses must overcome.
8. Distribution channels: Identify the most effective distribution channels for the industry's products or services.
9. Supplier relationships: Evaluate the importance of strong supplier relationships in securing high-quality inputs and maintaining a competitive edge.
10. Human capital: Consider the role of skilled labor, talent management, and employee engagement in contributing to industry success.
By analyzing these factors, you can deduce the key success factors for any industry and gain insights into how businesses can thrive and maintain a competitive edge in the marketplace.
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list at least four general actions employees can take to help companies achieve their goals.
Answers
Answer:
1. Regularly discuss performance objectives.
2. Include a way to measure personal growth.
3. Offer opportunities for employee development.
4. Support employees who want to pursue new roles in the company.
5. Offer career coaching to help employees achieve their goals.
Analyse how the level of government intervention varies according to the type of
economic system countries operate.
Answers
Explanation:
in acapitalist economy, the government acts as regulatory and complementary body.
Jeff signs a check pay to the order of drawn on Jeff's account at Key Bank. Jeff has $400 in his account but the amount of the check is $500, which the bank pays. This isGroup of answer choicesa stale checka postdated checka dishonored checkan overdraft
Answers
The situation described is an example of an overdraft. An overdraft occurs when the amount of money withdrawn from an account exceeds the available balance.
In this case, Jeff's account has a balance of $400, but he writes a check for $500. Despite the insufficient funds, the bank pays the check. This results in the account balance going into negative territory, creating an overdraft.
An overdraft can have consequences for the account holder, such as incurring fees or penalties from the bank. It is important for account holders to monitor their balances and ensure that they have sufficient funds before issuing checks or making withdrawals to avoid overdrawing their accounts.
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how do you find marginal cost? for 50 points
Answers
Marginal cost= change in total cost/change in quantity
GPI, unlike GNP or GNI: includes internal costs of good and costs of pollution factors only the harmful effects of the production of goods includes pollution to the environment + external costs of goods \& services factors both internal and external costs of producing goods + pollution to the environment all correct NPP is: GPP+R GPP-NPP GPP-R NPP+R (GPP-NPP) ×R In the hydrologic cycle, water condensation to form clouds would come from: precipitation ground water percolation runoff over land surface run-off land and ocean evaporation Which of these statements is true of biogeochemical cycles? they cycle water in various different states they move energy through ecosystems they are components of food chains and webs they cycle matter through various stages they are found in the soil Forests are found: at about 30 degrees north and south of the equator where NE and SE trade winds converge when westerlies drop moisture at around 60 degrees north and south in the warm desert areas north and south of temperate zones Why is there less solar intensity in polar regions? sunlight spreads over a larger surface area in polar res polar regions are far from the equator the sun hits the polar surface at higher angle the sun hits the polar surface at a lower angle polar regions are often icy
Answers
The statements regarding GPI, NPP, biogeochemical cycles, and forests are as follows:
GPI, unlike GNP or GNI, includes both the internal costs of goods and the costs of pollution, focusing only on the harmful effects of production.
NPP is calculated as the difference between Gross Primary Productivity (GPP) and Respiration (R).
Biogeochemical cycles are responsible for cycling matter through various stages, facilitating the movement and recycling of essential elements such as carbon, nitrogen, and phosphorus.
Forests are typically found at around 30 degrees north and south of the equator, where the NE and SE trade winds converge and drop moisture.
Regarding solar intensity in polar regions, the correct statement is:
There is less solar intensity in polar regions because the sun hits the polar surface at a lower angle.
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Enter the current total of consumer and installment debt (money borrowed for cars, appliances, credit cards, etc.) owed by your parents. (Do not include mortgage debt or other debt already included on this application.)
Answers
Consumer debt consists of personal debts that are owed as a result of purchasing items that are used for individual or household consumption. These goods can be purchased for consumption either by an individual or by an entire household.
Consumer debt can take many forms, including credit card debt, school loans, auto loans, mortgages, and payday loans, just to name a few. In contrast to other debts, such as those utilized for investments in the process of running a business or debts incurred by the government as a result of its activities, they are unsecured obligations.
A loan that the borrower is required to repay in predetermined amounts of money at regular intervals is called an installment debt. In most cases, the repayment of an installment loan takes the form of equal monthly payments that comprise both interest and a portion of the principal.
This kind of loan is known as an amortized loan, and in order to obtain one, the lender will need to prepare a standard amortization schedule that outlines the payments that will be made over the course of the loan's term.
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under the allowance method, companies estimate blank______ uncollectible amounts and report those estimates in the blank______ year.
Answers
Option d: Under the allowance method, companies estimate future uncollectible amounts and report those estimates in the current/present year.
Value adjustment procedures are used to formulate counterclaims against debtors who are financially uncollectible.
Writing off the account balance directly may not seem logical as the company may not be able to/fail to determine which debtors need to be written off.
Therefore, the Reserve Act allows/lets companies to create a general allowance for bad debts that can be used when a company needs to write off a particular balance.
This process is also aided by a prudent accounting approach as the cost of bad debt is recognized before the actual write-off.
In addition, accruals are based on the organization's accounts receivable balance or percentage of sales for each period covered.
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Complete question:
Under the allowance method, companies estimate _____ uncollectible amounts and report those estimates in the _____ year.
future; future
current; current
current; future
future; current
Since water transportation is so much slower than other modes, why do companies choose it?
Water transportation is unaffected by delays for maintenance, scheduling, and weather, making it far more reliable.
Some companies might think it's worth the lost time when they are shipping potentially dangerous products.
The environmental impact of water transportation is lower, so companies can justify its use.
Some companies prioritize cost as their overriding concern for their shipping requirements.
Answers
Answer:
i think its d or maybe a
Explanation:
Answer:
ah
Explanation:
Calculate the GDP using the data below (all figures are shown in millions)
Personal Consumption = $50
Government Consumption = $20
Business Consumption = $80
Gross Investments = $100
MULTIPLE CHOICE >>
$150 million
$100 million
$250 million
$200 million
Answers
Answer:
$250 million.
Explanation:
To calculate the GDP using the following data (Personal Consumption = $ 50, Government Consumption = $ 20, Business Consumption = $ 80 and Gross Investments = $ 100) the following calculation must be performed:
50 million + 20 million + 80 million + 100 million = X
250 million = X
Therefore, the GDP is $ 250 million.
Net Purchases + Purchases Returns and Allowances + Purchase Discounts equals:
O A. Gross Profit.
OB. Gross Purchases.
O C. Net Income.
OD. Net Loss.
Answers
Answer:
OB. Gross Purchases.
Explanation:
Gross purchases represent all the purchases a business made in a particular period. It includes returns outwards ( purchases returns), discounts and allowances received.
Net purchases are calculated by subtracting purchase returns, discounts received, and allowances from gross purchases.
Therefore, Net Purchases + Purchases Returns and Allowances + Purchase Discounts= gross purchases.
Canners Company uses weighted-average costing. Beginning work in process inventory had $3,650 of material costs. During the period, $5,000 of materials and $9,250 in conversion costs were added. If there are 250 equivalent units of production for materials, the cost per equivalent unit for materials is ______.
Answers
Answer:
the cost per equivalent unit for materials is $34.60
Explanation:
The computation of the cost per equivalent unit for materials is shown below:
= (Beginning work in inventory + material added) ÷ material equivalent unit of production
= ($3,650 + $5,000) ÷ 250 units
= $34.60
Hence, the cost per equivalent unit for materials is $34.60
The same should be considered and relevant
Leron is in high school and is interested in the Logistician career. Which accurately lists the most likely pathway
that Leron will take?
O high school diploma + certification
O high school diploma + associate's degree - licensure
O high school diploma + bachelor's degree
O high school diploma — master's degree internship
Answers
Answer:
Leron would have to get a high school diploma and then a bachelors degree. A bachelors degree is required for a entry level position. Hope that helps!
Explanation:
Conducting a search of the store is part of store closing duties. Why?
Answers
1. Everything is in place
If things are not in place in a store, things would be very messy when opening the store the next day. Conducting a search of the store to see if everything is in place also ensures that no merchandise was stolen, and if so, persecution would be followed through with accordingly.
2. There is nobody trespassing/lurking
Conducting a search of the store is part of store closing duties because it assures workers that nobody is lurking in the shadows or intruding without the attention of any employee. Trespassing is illegal in most places, and it is a severe felony in some places. Whenever a store attendant is unaware of somebody who is in the store without permission, countless things can happen that do not work in favor of benefitting the business. However, conducting a search of the store during closing time would eliminate this concern.
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The US Supreme Court did what in Piscataway Board of Education v. Taxman, 521 U.S. 1117, 117 S.Ct. 2506 (1997)?
Answers
Answer:
The case was never heard in the United States Supreme Court.
Explanation:
The board of education of Piscataway High School, New Jersey desired to remove one teaching position from the Business Education department. A hindrance to this was the fact that the two teachers being considered had indefinite appointments, and were equal in seniority. According to the state law, tenured teachers can be relieved of their duties in reverse order of seniority. Either Sharon Taxman, a white teacher, or Debra Williams an African-American teacher were to be relieved of their positions.
Taxman was chosen because African-Americans were a minority. Taxman contested this in the court. The case was never heard at the U.S Supreme court because some civil rights group wanted the case to be settled out of court. The United States Court of Appeal ruled in favor of Taxman.
If the cost of production decreases for Tesla’s cars, what effect will this have on consumers who want to buy one???
Answers
Answer:
The consumers will pay more.
Explanation:
Should the production cost increase, the price of Tesla cars is also likely to increase. Typically, producers are likely to pass the increased costs to the cars' final price. The market price for the cars will go up, meaning customers will pay more for the cars.
3. You plan to retire 25 years later. What equal amount of money would you need to deposit in the same account at the end of every year for the next 25 years in order to accumulate $2 Million at the instant the 25th deposit is made? Assume the bank pays interest at the rate of 5% per year. 4. What equal sums of money should you invest in a bank at the end of every year for the next 10 years in order to accumulate $50,000 at the end of 10 years, that is, just when the 10 th deposit is made? Assume the bank pays interest at the rate of 12% per year compounded weekly.
Answers
To accumulate $50,000 at the end of 10 years, you would need to invest approximately $3,140.44 at the end of each year.
To calculate the equal amount of money needed to deposit in the bank for both scenarios, we can use the formula for the future value of an ordinary annuity:
Future Value = Payment × \(\left(1 + \text{{interest rate}}\right)^{\text{{number of periods}}} - 1\) ÷ interest rate
Let's calculate the amounts needed for each scenario:
Retirement Savings:
Future Value = $2,000,000
Interest Rate = 5% per year
Number of Periods = 25 years
Using the formula, we can calculate the equal amount needed to deposit each year:
$2,000,000 = Payment ×\([(1 + 0.05)^2^5 - 1]\) ÷ 0.05
Solving for Payment, we find:
Payment = $2,000,000 × 0.05 ÷ \([(1.05)^2^5 - 1]\)
Payment ≈ $40,678.91 (rounded to the nearest cent)
Therefore, to accumulate $2 million at the end of 25 years, you would need to deposit approximately $40,678.91 at the end of each year.
Investment for Accumulating $50,000:
Future Value = $50,000
Interest Rate = 12% per year (compounded weekly)
Number of Periods = 10 years
Using the formula, we can calculate the equal amount needed to invest each year:
$50,000 = Payment × \([(1 + 0.12/52)^(^5^2^*^1^0^) - 1]\) ÷ (0.12/52)
Solving for Payment, we find:
Payment = $50,000 × (0.12÷52) ÷ \([(1 + 0.12/52)^(^5^2^*^1^0^) - 1]\)
Payment ≈ $3,140.44 (rounded to the nearest cent)
Therefore, to accumulate $50,000 at the end of 10 years, you would need to invest approximately $3,140.44 at the end of each year.
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A $8300, 7.8% bond with semi-annual coupons redeemable at par in 11 years was purchased at 97.5.
What is the average book value?
What is the average income per interest payment interval?
What is the approximate yield rate?
Answers
The average book value of the bond is $8,072.50.
The average income per interest payment interval is $312.60.
The approximate yield rate is approximately 8.02%.
To calculate the average book value, we need to consider the purchase price of the bond, the number of bonds owned, and the par value of the bond. The purchase price is given as 97.5% of the par value, so the average book value is calculated as $8,300 × 97.5% = $8,072.50.
The average income per interest payment interval is determined by dividing the total coupon payments received during the bond's lifetime by the number of interest payment intervals. The bond has a 7.8% coupon rate, and since it pays semi-annual coupons, the annual coupon payment is $8,300 × 7.8% = $645.60. Therefore, the average income per interest payment interval is $645.60 ÷ 2 = $312.60.
The approximate yield rate is the effective interest rate earned on the bond. In this case, we can calculate it by using the formula:
Approximate Yield Rate = (Annual Interest Payments + (Par Value - Purchase Price) ÷ Years to Maturity) ÷ Average Book Value
The annual interest payments are $8,300 × 7.8% = $645.60, the par value is $8,300, the purchase price is $8,300 × 97.5% = $8,092.50, and the years to maturity is 11. Plugging these values into the formula, we get:
Approximate Yield Rate = ($645.60 + ($8,300 - $8,092.50) ÷ 11) ÷ $8,072.50 = 8.02%
Therefore, the approximate yield rate is approximately 8.02%. This rate represents the return on investment for the bond, taking into account both the coupon payments and the capital gain or loss from the purchase price to the par value.
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Natalie believes her bath product company will do well in Europe because of her research. What might be the best way to sell her products? Choose the answer.
A.) Open another store in Europe.
B.) Create a website and sell online.
C.) Hire sales people to sell door to door.