U.S. Treasury STRIPS, close of business February 15, 2022: Maturity February 2023 February 2024 February 2025 Maturity February 2026 97.123 94.770 February 2027 92.424 February 2028 EAR Price What is the yield of the February 2024 STRIPS expressed as an EAR? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to Price 98.066 87.528 85.410 %
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- 16 - What is the cash value of the 120.000 TL receivables with a maturity of 20.04.2020, held by the enterprise as of the end of the period (31.12.2019), over 14% discount rate ? (Ignore fractions!) a) 113,432 TL B) 112,434 TL NS) 116,735 TL D) 117,117 TL TO) 115,568 TLIt is 25 July 2022; you observe two treasury bills Maturity 25 September 2022, Price 99.7985 Maturity 25 March 2023 , Price 98.3855 a) What are appropriate discount factors for 2 months and 8 months? b) Whatarethespotrates,withsemi-annualcompounding,for 2months and 8 months?On January 1, 2024, Wildhorse Company issued for cash a $570000, 5-year note bearing annual interest at 10% to Wilson, Inc. The market rate of interest for a note of similar risk is 12%. What interest expense would be recorded on December 31, 2024? a) $52891b) $0c) $63469d) $57000
- 16. On 1 January 2022, Marina Tower exchanged equipment for an $800,000 zero-interest-bearing note due on January 1, 2023. The prevailing rate of interest for a note of this type at January 1, 2020 was 10%. The present value of $1 at 10% for three periods is 0.75. What amount of interest revenue should be included in Marina's 2023 income statement?Question 16Answera.$60,000b.$66,000c.$0d.$80,000. please answer do not image format2. As of March 9, 2021, the price of GameStop Corp. (ticker: GME) is $246.90 and its closing price on March 10, 2020 is $4.23. You believe GME is overvalued and decide to short-sell GME. You have $257,550 worth of Treasury Bills in your brokerage account that can be used as collateral. Your broker requires an initial margin of 50% and a maintenance margin of 31%. You must also set aside 100% of the cash proceeds as collateral. You decide to short as many shares as you can with the collateral you have. Pay special attention that you cannot purchase/sell/trade fractional shares. How much cushion (in dollars) do you have before you receive a margin call from your broker? That is, by how much the stock price could move in the "wrong" direction before you receive a margin call? Enter a number with two decimal points.On January 1, 2022, Slack Company finished legal services and accepted in exchange a 5% $400,000 promissory note with a due date of December 31, 2024. Interest is receivable on January 1 of each year. Notes with similar risk have a market rate of interest of 10%. Set financial calculators to zero decimal place. Required: (a) Determine the value of the following: N = Answer 1 Question 3 I/Y = Answer 2 Question 3 PMT = $Answer 3 Question 3 FV = $Answer 4 Question 3 (b) The present value of the note was $Answer 5 Question 3 (c) Prepare a Schedule of Note Discount/Premium Amortization for Slack Company under the effective interest method. Slack Company Schedule of Note Discount/Premium Amortization Effective Interest Method Date Cash Interest Amortized Amount Carrying Value of Note Jan 1, 2022 $Answer 6 Question 3 Dec 31, 2022 $Answer 7 Question 3 $Answer 8 Question 3 $Answer 9 Question 3 Answer 10 Question 3 Dec 31,…
- 7. What is the amount of revaluation surplus on December 31, 2021? A. 600,000 B. 700,000 C. 800,000 D. 0 E. None of them50. During the year 2020, Ali Al Shaibani group of companies made the total credit purchases worth RO 912500. For the accounting year 2020, the opening accounts payable of the company were RO 125000, and the closing accounts payable of the company was RO 75000. Using the information, calculate the Average Payment period of the company. (Consider 365 days in a year) a. None of the options b. 80 c. 42 d. 40Spot (28 October 2018) 1.1017/18 4.2200/699 1.3917/87 1 Month 473/492 74/119 106/138 2 Month 103/106 152/202 225/285 3 Month -187/+187 278/228 36/42 The following rates are quoted by banks as at 28 October 2018.Based on the above rates, calculate the following (assume no margins or charges areimposed and all exchange controls/regulations are complied with): c. Exporter sells USD/MYR option spot to 3 month.
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