This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a bond is sold at par, the trade price is A) less than 1,000. B) more than 1,000. ... (Read 23 times)

altibaby

  • Hero Member
  • *****
  • Posts: 562
on: Jul 10, 2018
If a bond is sold at par, the trade price is
 
  A)
 
  less than 1,000.
  B)
 
  more than 1,000.
  C)
 
  equal to its coupon interest.
  D)
 
  equal to its face value.

Question 2

You know that regular tax-deferred investments are a popular investment choice for many people preparing for retirement.
 
  Did you know that if you invest 2,000 today and at the end of every year for 40 years at an annual rate of 10 that you will have grown your portfolio to a value of 975,704 at the end of that time? How much of that future value dollar amount comes from the 2,000 investment you made today?
  A) 975,704
  B) 885,185
  C) 23,798
  D) 90,519


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chreslie

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jul 10, 2018
Answer to Question 1

D

Answer to Question 2

Answer: D
Explanation: D) FV = PV  (1 + r)n = 2,000  (1.10)40 = 90,518.51
MODE = END
INPUT 40 10 -2,000 0 ?
KEY N I/Y PV PMT FV
CPT 90,518.51


altibaby

  • Member
  • Posts: 562
Reply 2 on: Jul 10, 2018
YES! Correct, THANKS for helping me on my review

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Ionic Bond Ionic Bond
American Foreign Trade, 1790–1812 American Foreign Trade, 1790–1812
Catalysis of peptide bond hydrolysis by chymotrypsin (part 2) Catalysis of peptide bond hydrolysis by chymotrypsin (part 2)
Cleavage of a glycosidic bond by hydrolysis or Phosphorolysis Cleavage of a glycosidic bond by hydrolysis or Phosphorolysis
A $50 000 bond bearing interest at 6.5% bond payable semi-annually matures in 10 years. If it ... A $50 000 bond bearing interest at 6.5% bond payable semi-annually matures in 10 years. If it ...
Compute the rate of discount allowed on a rontor -tiller that lists for K 341 and is sold for K ... Compute the rate of discount allowed on a rontor -tiller that lists for K 341 and is sold for K ...
Video: Hormones and the menstrual cycle Animation

For a complete list of videos, visit our video library