Question 10 (1 point) Leons advertises a bed room set for $1495 with nothing down, no...
Question 14 (1 point) Guggenheim, Inc. offers a 7 percent coupon bond with annual payments. The yield to maturity is 7.85 percent and the maturity date is 9 years. What is the market price of a $1,000 face value bond? OA) $742.66 OB) $946.57 OC) $868.67 OD) $1,078.73 O E) $869.67
Borrow or pay cash for an asset Personal Finance Problem Mark and Stacy McCoy are set to move into their first apartment. They visited Levin Furniture looking for a dining room table and buffet. Dining room sets are typically one of the more expensive home furnishing items, and the store offers financing arrangements to customers. Mark and Stacy have the cash to pay for the furniture, but it would definitely deplete their savings so they want to look at all...
A sales invoice included the following information: merchandise price, $14,400; terms 1/10, /eom, FOB shipping point with prepaid freight of $700 added to the invoice. Assuming that a credit for merchandise returned of $800 (before discount) is granted prior to payment and the invoice is paid within the discount period, what amount of cash should be received by the seller2 Oa: $792 Ob. $15,748 Oc. $14,956 Od: $14,164
LEIL.U.JU. TU Caleb McAree: Attempt 1 Question 1 (1 point) On January 1 of Year 1, Congo Express Airways issued $3,250,000 of 5% bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $2,930,000 and the market rate of interest for similar bonds is 6%. The bond premium or discount is being amortized at a rate of $10,667 every six months. The amount of interest expense recognized by Congo Express Airways on the bond...
Question 1 (1 point) (1 Point) We assume that the representative consumer's preferences exhibit the properties that Oa) they evolve over time and that more is always preferred to less. Ob) more is sometimes preferred to less and that consumption and leisure are both normal goods c) more is preferred to less and that the consumer prefers diversity d) the consumer likes diversity and that more is sometimes preferred to less. Question 2 (1 point) (1 Point) A good is...
1.Next summer you are planning a trip to Ibiza that will set you back roughly $4100. You have decided to put money aside starting November 30th 2012, with additional, equal payments on February 28th 2013 and May 31st 2013. You wish to have the total sum of the required money for July 31st 2013. Assuming that only the three equal payments are made, how large should the payments be if you earn a simple interest rate of 5%? 2. 5...
1. You are current saving for your son's college expenses (tuition, room/board). She is 10 years old and will begin college in 8 years. Set aside for her education you have a brokerage account with $10,000 fully invested in an equity index fund that is expected to earn 10% per year. Your plan is to send your son to a public school where the expenses are currently (at T = 0) $18,000 per year, however you expect the expenses to...
Shayla's fridge died and she needs to buy a replacement right away. Her payment options are 1) Nothing down and then 12 monthly payments of $80 (at the end of every month) for 1 year. 2) $90 down, no payments for the first year and then 12 monthly payments of $83.20100000000001 (round this number off to 2 decimals) at the beginning of each month starting exactly one year from today. 3) $866.32 in cash. The nominal interest rate is 9%...
1. True or False (20 points, 2 point each) 12 678 9 10 No. Answer 1. Marginal cost is based on the principle that an aditional unit of production wil only entail an increase in the fixed costs and that the variable costs will not be affected 2. The greater the balance you have in your account, the slower your savings will grow 3. In case of capital rationing, we should accept project with the highest positive NPV. 4. Interest...
Question 13 (1 point) You owe $6,000 and a have decided to pay it back by making 3 equal payments. One today, one in 9 months and a final payment in 24 months. Find the size of these payments if interest is 34 -6%. 12 Your Answer: 15 Answer 15 Question 14 (1 point) Shares in Humungous Bank pay an annual dividend of 1.50. If these shares yield learn) 5.0% effective what would be the price of a share? Your...