Question

You purchase a good by writing a check for $1,000. Considering the financial payments system this check follows, when is the check money? Explain.

Answer #2

When we write a cheque then it is paper money. When the cheque is finally encashed then it becomes money, otherwise it is paper money.

When the bank will clear the cheque, which is possible only when there is sufficient funds in the bank account of the perosn who has written the cheque. Then after the final clearance of the cheque, the cheque finally becomes money, If by any chance it is dishonoured, then it will never become money, Dishonoring of cheque is due to a number of reasons like signature mismatch or lack of sufficient funds in the acount.

answered by: anonymous

Assume that you are considering the purchase of a 20-year,
noncallable bond with an annual coupon rate of 9.5%. The bond has a
face value of $1,000, and it makes semiannual interest payments. If
you require a 10.7% nominal yield to maturity (YTM) on this
investment, what is the maximum price you should be willing to pay
for the bond?
Please show how this problem can be solved without a financial
calculator.

Assume that you are considering the purchase of a 20-year,
noncallable bond with an annual coupon rate of 9.5%. The bond has a
face value of $1,000, and it makes semiannual
interest payments. If you require a 10.7% nominal yield to maturity
(YTM) on this investment, what is the maximum price you should be
willing to pay for the bond?
(Please show work and explain formula of how you got this answer
NOT on excel)

How is an outline a good precursor to writing an essay draft?
How will you use the outline when writing your draft? In what ways
does the outline help organize your ideas? What suggestions do you
have for your classmates for using outlining as a drafting
tool?

Purchase-Related Transactions A retailer is considering the
purchase of 1,000 units of a specific item from either of two
suppliers. Their offers are as follows: Supplier One: $34.80 a
unit, 1/10, n/30, no charge for freight. Supplier Two: $35.00 a
unit, 2/10, n/30, plus freight of $200. Price of Supplier One: $
Price of Supplier Two: $ Which of the two offers, Supplier One or
Supplier Two, yields the lower price? Supplier One

Assume that you are considering the purchase of a 7-year bond
with an annual coupon rate of 4.5%. The bond has face value of
$1,000 and makes semiannual interest payments. If you require an
12.0% nominal yield to maturity on this investment, what is the
maximum price you should be willing to pay for the bond?

Assume that you are considering the purchase of a 10-year,
noncallable bond with an annual coupon rate of 5%. The bond has a
face value of $1,000, and it makes semiannual interest payments. If
you require an 6% yield to maturity on this investment, what is the
maximum price you should be willing to pay for the bond?
Provide the correct excel function along with
inputs

Ms. Child is considering the purchase of a new food packaging
system. The system costs $221,358. Ms. Child plans to borrow
one-third of the purchase price from a bank at 4.5% per year
compounded annually. The loan will be repaid using equal, annual
payments over a 7-year period. The system is expected to last 15
years and have a salvage value of $22,445 at that time. Over the 15
year period, Ms. Child expects to pay $987 per year for...

Ms. Child is considering the purchase of a new food packaging
system. The system costs $76342. Ms. Child plans to borrow
one-third of the purchase price from a bank at 4.5% per year
compounded annually. The loan will be repaid using equal, annual
payments over a 7-year period. The system is expected to last 15
years and have a salvage value of $21725 at that time. Over the 15
year period, Ms. Child expects to pay $1077 per year for...

Assume that you are considering the purchase of a 15-year bond
with an annual coupon rate of 9.5%. The bond has face value of
$1,000 and makes semiannual interest payments. If you require a 8%
nominal yield to maturity on this investment, what is the maximum
price you should be willing to pay for the bond?
Group of answer choices
925.28
961.57
1083.90
1,129.69
1040.72

Assume that you are considering the purchase of a 20-year,
noncallable bond with an annual coupon rate of 9.5%. The bond has a
face value of $1,000, and it makes semi-annual interest payments.
If you require a yearly 7.4% nominal yield to maturity on this
investment, what is the maximum price you should be willing to pay
for the bond?
Group of answer choices
$1,262.11
$1,217.43
$1,126.76
$1,161.67

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