Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please help with this question. my calculations mu

Please help with this question. My calculations must be off. I also tried a different...

80.2K

Verified Solution

Question

Accounting

Please help with this question. My calculations must be off. I also tried a different method and got 4.18 and it said it was wrong. Thank you

image A bond has a par value of $1,000, a time to maturity of 20 years, and a coupon rate of 7.10% with interest paid annually. If the current market price is $710, what will be the approximate capital gain of this bond over the next year if its yield to maturity remains unchanged? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Capital gain

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Solve the equation 4y 7 5y 3 a y 3 c y 15 b y...

Algebra
Q

Determine the concentrations of the ionic species present in a 0.285 M solution of the HO2CCH2CO2H...

Chemistry
Q

1) How do you calculate the pressure produced by a pump? 2) Draw a simple regulator, explain...

Mechanical Engineering
Q

Workers in a 1000 m3 processing room in a plastics factory are exposed to vinyl chloride (C2H3Cl)...

Civil Engineering
Q

Use the traditional method to test the given hypothesis At the a 0 05 significance...

Geometry
Q

accompanying data set Times begin when a vehicle stops at the order window and end...

Basic Math
Q

Complete the flow chart proof Given ATUS and AKIS are right triangles TO JR S...

Algebra
Q

Which of the following errors, each considered individually, would cause the trial balance to be...

Accounting
Q

On December 31, 2017, Corotel Company's year-end, the unadjusted trial balance included the following items...

Accounting
Q

Rashida exchanges land used in her business for another parcel of land. The adjusted basis...

Accounting
Q

The Sarbanes-Oxley Act (SOX) O is a set of laws established to strengthen corporate reporting....

Accounting
Q

During the 2020 taxable year, Leasing Corp. (a "C" corporation all of the stock of...

Accounting