Bond’s Current Market Price= 833.68 Problem7-2 Yield to maturity and future price A bond has a $1‚000 par value‚ 12 years to maturity‚ and a 9% annual coupon and sells for $1‚110. a. What is its yield to maturity (YTM)? Round your answer to two decimal places. Par Value= $1‚000 Coupon Rate= 9% No of Years= 12 yrs. Current Market Price of Bond= $1‚110 Annual Interest Payment = Par Value * Coupon Rate $1‚000 * 9%= 90 Financial Calculator N= 12
Premium Bond Finance Bonds
Example: 4308 (4 sig. figs.) 3. Trailing zeros to the right of a decimal point are significant. Example: 4.00 (3 sig. figs.) 4. Leading zeros are not significant. Example: 0.000045 (2 sig. figs.) 5. Measured values that have trailing zeros only to the left of the decimal point are ambiguous and should be expressed in scientific notation. We must take note that the chemistry textbook (Silberberg 6e) states that placing a decimal point to the right of some trailing zeros (example: 300.) will
Premium Decimal Arithmetic Accuracy and precision
Fractions into Decimals Divide numerator with denominator 1. 2/5 = 0.4 2. 6/20 =0.3 Fractions into Percent Change the fraction to decimal first. Then multiply the decimal by 100. 1. 4/5 = 0.4 =0.4 * 100 =40% 2. 8/40 =0.2 * 100 =20% Decimals to fraction Count the decimal places. Reduce 1. 0.432 =432/1000
Premium Elementary arithmetic Number Decimal
coupon bonds of the ABC Co. are selling for $880.76. The bonds mature in 10 years. The bonds have a par value of $1‚000 and payments are made semi-annually? What is the before-tax cost of debt? Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. Selected Answer: 9.91 Correct Answer: 9.91 Answer range +/- 0.05 (9.86 - 9.96) Response Feedback: NPER = 10* 2 RATE = ? * 2 = Answer = 4.953 * 2 = 9.91% PV = -880.76 PMT = 1000 * 8%/2 = 40
Premium Stock Preferred stock Par value
Shang were excellent bronze workers‚ very primitive in agriculture‚ had a written language‚ the art of bronze-work‚ two-horsed chariots‚ and created the first decimal system. 2. Silk and the decimal system. 3. The decimal system and silk. Technology: 1. Chariots. 2. Silk‚ decimal system‚ chariots‚ bronze‚ etc. 3. We all use the decimal system today in life and they’re have been many uses for silk and of course everyone uses a calendar. 4. It made everything easier for their every day problems
Premium China Agriculture History of China
alphanumeric 4. Enter the list price of the book with a dollar sign and decimal format –data type decimal 5. If the user does not enter a numeric value the program should prompt for a numeric value 6. Calculate the harmonized tax rate (HST) of 12% (list price X .12 = tax payable) – data type constant. Display the tax payable and total purchase price for the book to the customer.(tax + list price = purchase price)- data type decimal 7. Output the above information to a file called BookSalesConference2014
Premium Data type Price File format
that _____. are of different data types are all integers have different names are indexed | 2. An array that stores five days of closing stock prices can be declared as _____. decimal price1‚ price2‚ price3‚ price4‚ price5; decimal [] price = new decimal[5]; decimal price[] = new decimal[5]; decimal [] price = new price[5]; | 3. Which statement is true about this array declaration? int [] myArray = {1‚4‚3‚5‚6}; It declares a 5 dimensional array. The size of the array is five
Premium Data type Method acting
be held as either a character‚ an integer or even a real. If any calculations are going to take place on the value then it should be held as either an integer or a real. If the calculation will never result in it being extremely large or gaining decimal places then an integer should be used. 4. Boolean A boolean can only be one of two values‚ either true or false. A boolean only really needs one bit (an eighth of a byte) to hold true (1) or false (0) but strangely‚ Visual Basic uses two bytes
Premium Programming language Object-oriented programming Computer
Contents We have seen an example of use of finite automata in describing the operation of a simplified version of vending machine. Many other systems operating in practice can also be modeled by finite automata such as control circuits of computers‚ computer network communication protocols‚ lexical analysers for compilers etc. Many of those systems fall into the class of systems called reactive system. A reactive system is a system that changes its actions‚ outputs and conditions/status in response
Premium User Computer Decimal
ASSESSING CONCEPTUAL UNDERSTANDING OF RATIONAL NUMBERS AND CONSTRUCTING A MODEL OF THE INTERRELATED SKILLS AND CONCEPTS Mario Desrosiers MAE 6745 Florida international University Assessing Conceptual Understanding of Rational Numbers and Constructing a Model of the Interrelated Skills and Concepts Students continue to struggle to understand rational numbers. We need a system for identifying students’ strengths and
Premium Decimal Real number