What is Phil return on the NCD

Assignment Help Finance Basics
Reference no: EM132914007

Problem - Phil purchased an NCD a year ago in the secondary market for $980,000. The NCD matures today at a price of $1 million, and Phil received $45,000 in interest. What is Phil's return on the NCD?

Reference no: EM132914007

Questions Cloud

How early childhood professional development informs : How early childhood professional development informs and enhances practice in order to maximize learning outcomes.
What is the current market price of the common stock : What is the current market price of the common stock? AG Motor's common stock currently pays an annual dividend of $3.60 per share.
Who is primarily responsible for fairness of financial : The financial statements and copies of audit report are distributed to stockholders.Who is primarily responsible for the fairness of these financial statements?
Principle of diseases and health : Based on what you know about blood anatomy discuss why a patient would need a transfusion of PRBC (packed red blood cells), plasma, or platelets.
What is Phil return on the NCD : The NCD matures today at a price of $1 million, and Phil received $45,000 in interest. What is Phil's return on the NCD
Calculate the effective yield : The investor converts the proceeds from the investment back to dollars at the prevailing spot rate of $1.52 per pound. Calculate the effective yield
Determine preferred alternative according to discounted flow : An unavoidable cost may be met by outlays of ?$90,000 now. Determine the preferred alternative according to the discounted cash flow criterion.
Disabilities education improvement act : Mr. Franklin must follow to identify Manuel for assessment according to the Individuals with Disabilities Education Improvement Act

Reviews

Write a Review

Finance Basics Questions & Answers

  President of eastern semiconductor corporation

The president of Eastern Semiconductor Corporation (ESC) stated in the company's Annual Report to Shareholders "that ESC's goal is to increase the value of our common shareholder's equity." Later in the report, the following announcements were mad..

  What is the equation for the capital asset pricing model

What is the equation for the Capital Asset Pricing Model (CAPM)? Explain the meaning of each variable. How can you use the model in financial management.

  What rate of return would have earned for the past year

Last year Janet purchased a $1,000 face value corporate bond with an 9% annual coupon rate and a 20-year maturity.

  Calculate the tax equivalent yield in given conditions

Calculate the tax equivalent yield if your marginal tax rate is 28 percent. (Round your answer to 3 decimal places. (e.g., 32.161))

  What is the current price of the stock

Consider a stock that will have price of $54 one year from now and pay a dividend of $2.56 in one year. The expected rate of return is 5.6%.

  Expected annual average rate of appreciation

You plan to finance it with a 90 percent loan. The appreciation rate on the property value is expected to be 3 percent annually for the next three years.

  How can you obtain work experience in the finance field

How can you obtain work experience in the finance field while you are still a student? How do job prospects in the field of finance look over the next 10 years?

  Assuming a normal distribution compute the probability

normal distribution and npv analysis. the probability distribution of possible npvs for project a has an expected cash

  What is the expected rate on a portfolio

A stock has a beta of 1.35 and a expected return of 13.3 percent. Arisk free asset currently ears 4.55 percent.

  Determining the bond valuation relationships

(Bond valuation relationships) The 13-year, $1,000 par value bonds of Waco Industries pay 8 percent interest annually. The market price of the bond is $1,065, and the market's required yield to maturity on a comparable-risk bond is 6 percent.

  Statements on standards for tax services found

Refer to the AICPA Code of Professional Conduct and the Statements on Standards for Tax Services Found at: http://www.aicpa.org/Research/Standards/Tax/Pages/default.aspx

  Do you feel that the federal reserve bank is necessary

Do you feel that the Federal Reserve Bank is necessary? Do you feel that it is currently doing its job? What are some improvements you can propose? This answer should be between 100-150 words.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd