A 12-year, 5% coupon bond pays interest annually. The bond has a face value of $1,000. Blank 1. Fill in the blank, read surrounding text. -12.38 % is the percentage change in the price of this bond if the yield to maturity rises to 6% from the current yield to maturity of 4.5%?

Answer:

The answer is "12.38 %".

Explanation:

Please find the complete question in the attached file.

Price of face [tex]= \$ \ 1,000[/tex]

Yearly Coupon Rate [tex]= 5 \%[/tex]

Yearly Coupon [tex]= \$ \ 1,000 \times 5 \%[/tex]

                          [tex]= \$ \ 50[/tex]                    

Maturity time [tex]= 12 \ years[/tex]

Bond yield [tex]= 4.5 \%[/tex]

Price [tex]= \$ \ 50 \times PVIFA(4.50 \%, 12) + \$ \ 1,000 \times PVIF(4.50 \%, 12)[/tex]

         [tex]= \$ \ 50 \times \frac{(1-( \frac{1}{1.045})^{12})}{0.045} + \frac{1,000}{1.045^{12}}\\\\= \$ \ 1,045.59[/tex]

Returns shift to [tex]6 \%[/tex]

Price [tex]= \$ 50 \times PVIFA(6 \%, 12) + \$ 1,000 \times PVIF(6 \%, 12)[/tex]

         [tex]= \$ 50 \times \frac{(1-(\frac{1}{1.06})^{12})}{0.06} + \frac{1,000}{1.06^{12}}\\\\= \$ \ 916.16[/tex]

Shift in prices:

[tex]= \frac{(\$ \ 916.16 - \$ \ 1,045.59)}{\$ \ 1,045.59} \\\\ = -12.38 \%[/tex]OR [tex]=12.38 \%[/tex]

Parker is a highly skilled sales person at Byberry, which is a 30-year-old company that has grown significantly in terms of revenue and product offerings. It sponsors a pension plan that provides a benefit of 2% times the years of participation times the average of the final three years of salary. Parker has worked for Byberry for the last 30 years and earned $200,000 two years ago, $150,000 last year, and $250,000 this year. If he is retiring this year, how much should he expect to receive as a pension benefit?

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a) P5.
b) P3.
c) P1.
d) P6.
e) P4.

All of the following are true regarding long-term notes payable except:



a.The note’s carrying value at any time equals its face value minus any unamortized discount or plus any unamortized premium.


b.Notes payable are usually issued by a single lender.


c.The market rate of interest at the time of issuance determines the periodic cash payment amount.


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e.The equal total payments pattern has changing amounts of both interest and principal.

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________ is a crime in which an imposter obtains key pieces of personal information to impersonate someone else.
A) Identity theft
B) Spoofing
C) Social engineering
D) Evil twins

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B) $0 in the Paid-in Capital in Excess of Par account.
C) $400,000 in the Common Stock account.
D) $400,000 in the Paid-in Capital in Excess of Par account.

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Yield to maturity %
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Yield to maturity %
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Yield to maturity %

How Many Pints of Blackberries?

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a. How many pints of blackberries should you pick? Illustrate with a complete graph.

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a. True

b. False

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Required:
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b. Calculate the depreciation expense for each of the five years, assuming the use of double-declining-balance depreciation.
c. Assume that Becker Office Service sold the computer system at the end of the fourth year for $15,000. Compute the amount of gain or loss using each depreciation method.

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What is an Umbrella Policy? How does it work?

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For 2020, Ruby had cash receipts of $840,000, which included $100,000 collected on accounts receivable from 2019 sales. It also included the proceeds of a $50,000 bank loan. At the end of 2020, she had $175,000 in accounts receivable from customers, all from 2020 sales. Ruby paid cash for all of the purchases. The total amount she paid for merchandise in 2020 was $560,000. At the end of 2019, she had merchandise on hand with a cost of $45,000. At the end of 2020, the cost of merchandise on hand was $80,000.

1. Ruby's accrual basis gross receipts for 2020 are_______ $ .

2. The cost of goods sold for 2020 under the accrual method is________ $ .

3. The gross profit from merchandise sales for 2020 under the accrual basis is________ $ .

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A) externally convertible
B) nonconvertible
C) internally convertible
D) freely convertible

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1- $156545.
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3- $151400.
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