A coupon bond paying semiannual interest is reported as having an ask price of 117% of its $1,000 par value. If the last interest payment was made one month ago and the coupon rate is 6%, what is the invoice price of the bond? Assume that the month has 30 days

$1,195

Explanation:

Calculation the invoice price of the bond

Using this formula

Invoice price of the bond =Clean price + Accrued interest

First step is to find the clean price using this formula

Clean price=Bond amount par value×Ask price percentage

Let plug in the formula

Clean price =$1,000×117/100

Clean price=$1,170

Second step is to calculate for the accrued interest.

Since Semiannually means 6 month, and we were told that the last interest payment was made a month ago which mean we have 5 months left. Now let find the accrued interest using this formula

Accrued interest = Number of days in month ×(5months/6months)

Let plug in the formula

Accrued interest=30× (5months/6months)

Accrued interest =30×0.83333

Accrued interest =30×0.83333

Accrued interest =$25

The last step is to calculate for invoice price of the bond using this formula

Invoice price of the bond =Clean price + Accrued interest

Let plug in the formula

Invoice price of the bond=$1,170+$25

Invoice price of the bond=$1,195

Therefore the Invoice price of the bond will be $1,195

if kj of heat is transferred o 1200 g liquid water at 36'c, what would the new temperature of the water be? (he specific heat capacity of liquid water is 4.186 j/g''c)

a. 15'c

b.100'c

c.51'c

d.36'c

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.