Which of the following statements is CORRECT? The time to maturity does not affect the change in the value of a bond in response to a given change in interest rates. You hold two bonds. One is a 10-year, zero coupon, bond and the other is a 10-year bond that pays a 6% annual coupon. The same market rate, 6%, applies to both bonds. If the market rate rises from the current level, the zero coupon bond will experience the smaller percentage decline. The shorter the time to maturity, the greater the change in the value of a bond in response to a given change in interest rates, other things held constant. The longer the time to maturity, the smaller the change in the value of a bond in response to a given change in interest rates. You hold two bonds, a 10-year, zero coupon, issue and a 10-year bond that pays a 6% annual coupon. The same market rate, 6%, applies to both bonds. If the market rate rises from its current level, the zero coupon bond will experience the larger percentage decline.

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Answer 1
Answer:

Answer:

You hold two bonds. One is a 10-year, zero coupon, issue and the other is a 10-year bond that pays a 6% yearly coupon. A similar market rate, 6%, applies to the two securities. In the event that the market rate increases from the present level, the zero coupon security will encounter the bigger rate decay. In this manner, the shorter the opportunity to development, the more prominent the adjustment in the estimation of a security because of a given change in financing costs.


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A bond was issued three years ago at a price of $1,050 with a maturity of six years, a yield-to-maturity (YTM) of 6.50% compounded semi-annually, and a face value of $1,000 with semi-annualy coupons. What is the price of this bond today immediately after the receipt of today's coupon if the YTM has risen to 7.75% compounded semi-annually

Answers

Answer:

$967.20

Explanation:

the YTM formula = {coupon + [(face value - present value)/time]} / [(face value + present value)/2]

to determine the coupon rate we fill the equation with the known factors:

0.065 = {coupon + [(1,000 - 1,050)/12]} / [(1,000 + 1,050)/2]

0.065 = (coupon - 41.67) / 1,025

66.625 = coupon - 4.167

coupon = 66.625 + 4.167 = $70.792  

three years later, the YTM = 7.5%, what is the PV? Again we use the YTM formula:

0.0775 = {70.792 + [(1,000 - x)/6]} / [(1,000 + x)/2]

0.0775(500 + 0.5x) = 70.792 + 166.67 - 0.1667x

38.75 + 0.03875x = 237.462 - 0.1667x

0.20545x = 198.712

x = 198.712 / .20545

x = $967.20

An Army Corps of Engineers project for improving navigation on the Ohio River will have an initial cost of $6,150,000 and annual maintenance of $115,000. Benefits for barges and paddle wheel touring boats are estimated at $775,000 per year. The project is assumed to be permanent, and the discount rate is 12% per year. Determine if the Corps should proceed with the project.What will be an ideal response?

Answers

Answer:

The project should be rejected because the costs are larger than the benefits.

Explanation:

EAW = equivalent annual worth = equivalent annual benefit - equivalent annual cost

equivalent annual cost = ($6,150,000 x 12%) + $115,000 = $853,000

equivalent annual benefit = $775,000

EAW = $775,000 - $853,000 = -$78,000

since the EAW is negative, then the project should not be carried out.

Another way to calculate this is by dividing benefits by costs. If the answer is 1 or higher, then the project should be accepted:

B/C = $775,000 / $853,000 = 0.9086 ≤ 1, project rejected

If you invest $1,600 at the end of every year for four years at an interest rate of 14%, the balance of your investment in 4 years will be closest to:____________

Answers

Answer:

If you invest $1,600 at the end of every year for four years at an interest rate of 14%, the balance of your investment in 4 years will be closest to:____________

$7,873.83

Explanation:

a) Data:

Annual investment = $1,600

Interest rate = 14%

Number of period = 4 years

b) Calculations, using an online finance calculator:

FV (Future Value) $7,873.83

PV (Present Value) $4,661.94

N (Number of Periods) 4.000

I/Y (Interest Rate) 14.000%

PMT (Periodic Payment) $1,600.00

Starting Investment $0.00

Total Principal $6,400.00

Total Interest $1,473.83

c) The investment of $1,600 at the end of every year for fours will grow to $7,873.83 with the principal amount of $6,400 ($1,600 * 4) plus compounded interest of $1,473.83.

Sandersen Inc. sells minicomputers. During the past​ year, the​ company's sales were million. The cost of its merchandise sold came to ​$ ​million, and cash operating expenses were ​$​; depreciation expense was ​$​, and the firm paid ​$ in interest on its bank loans.​ Also, the corporation paid ​$ in the form of dividends to its own common stockholders. Calculate the​ corporation's tax liability by using the corporate tax rate structure in the popup​ window,

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Question Completion:

Sandersen Inc, sells minicomputers. During the past year, the company's sales were 3.00 million. The cost of its merchandise sold came to 2.00 million, and cash operating expenses were 400,000; depreciation expense was 100,000, and the firm paid 150,000 in interest on its bank loans. Also, the corporation paid 25,000 in the form of dividends to its own common stockholders.

Calculate the corporation tax liability.

The corporate tax rates are listed here:

15% $0-$50,000

25% $50,001-$75,000

34% $75,001-$10,000,000

35% over $10,000,000

Answer:

Sandersen Inc.

Computation of the Corporation's Tax Liability:

Taxable profit = $350,000

15% $0-$50,000                    $7,500 ($50,000 * 15%)

25% $50,001-$75,000             6,250 ($25,000 * 25%)

34% $75,001-$10,000,000    93,500 ($275,000 * 34%)

35% over $10,000,000         0

Total Tax Liability =          $107,250

Explanation:

Data and Calculations:

Sales Revenue          $3,000,000

Cost of goods sold     2,000,000

Gross profit               $1,000,000

Operating expenses    400,000

Depreciation expense  100,000

Operating profit        $500,000

Interest expense         150,000

Profit before taxes   $350,000

Income Taxes             107,250

Profit after taxes     $242,750

Dividend                      25,000

Retained Earnings  $217,750

The Model E extender fits with the 2 inch heavy duty hitches.The contract calls for 247 Model E extenders per week to be delivered in equal installments over the 16 weeks of the contract. The goal of Alpha Assemblies is to work 40 hours per week. The actual work time for completing the Model E extenders has been broken down by process in the table below. Also provided is the anticipated learning rate for each process. All processes must be performed in sequence and each step has its own separate and unique workcenter. To achieve the goal of working 40 hours per week or less, the cycle time must be lower than the takt time. What is the expected Cycle Time for Model E in Week 16? Note: learning is applied to the batch quantity per week. Do not try to break out the units within a week.Process Time Required per Unit Predecessor Task Learning RateA 9 82B 12 A 86C 18 B 81D 9 C 90E 12 D 80F 17 E 88G 14 F 83H 12 G 85I 8 H 82

Answers

Answer:

Cycle Time = 10.19482 minute

Explanation:

From the question :

The Model E can be illustrated perfectly as shown below:

Process Time Required         Predecessor Task           Learning Rate

                per Unit

A                  9                                                                          82

B                 12                                     A                                  86

C                 18                                     B                                  81

D                 9                                      C                                  90

E                 12                                     D                                  80

F                 17                                     E                                   88

G                 14                                     F                                   83

H                 12                                     G                                  85

I                   8                                      H                                  82

Now For the minutes per week for each Process; we have :

Process Time Required         Predecessor      Learning      Minutes

                per Unit                    Task                   Rate               (Week 16)

A                  9                                                      82               4.069096

B                 12                           A                         86              6.564098

C                 18                          B                          81               7.74841

D                 9                           C                          90              5.9049

E                 12                           D                         80               4.9152

F                 17                            E                         88               10.19482

G                 14                           F                         83              6.644165

H                 12                           G                        85              6.264075

I                   8                            H                        82              3.616974

The objective here is to determine the expected Cycle Time for Model E in Week 16

So, we can equally regard the Cycle Time = Bottleneck of Activity for Week 16.

Cycle Time = 10.19482 minute   in as much as it is the the largest activity time for the week 16

Given that the demand per week is : = 247

The available time per week = 40 hours = 40 × 60 hours = 2400 minutes

Talk Time = Available Time Per Week/Demand Per Week

Talk Time = 2400/247

Talk Time = 9.716599

Thus; here  the cycle time is greater than the talk time.

At the beginning of the video, Priya ends her presentation by asking her colleagues to imagine "a world where you never have to wait in line for your groceries again!" What stage of Lewin’s Change Model is Priya exhibiting?

Answers

Kurt Lewin developed a change model that talks about creating a perception in the mind of the people that a change is needed,then taking adequate steps to bring about that change and then standardizing the new mindset .

Explanation:

Priya is exhibiting the First stage (Unfreezing)of Kurt Lewin change model.

There are three stages of Kurt Lewin Model:

  1. Unfreezing:This stage talks about changing the mindset of the people by helping them understand why change is required
  2. Changing:Taking appropriate steps to bring about the change.In this stage people resist the change because they are in a state of confusion and are very unsure about the change.
  3. Freezing:This stage involves freezing the changes that have taken place.A stage where the changes have been standardized

In the Beginning of the video Priya is talking about bringing the change ,by asking the colleagues to imagine "a world where you never have to wait in line for your groceries again!"