Q7 An investment dealer bought a 182-day Government ofCanada treasury bill at the price required to yield an annualCLR 9L10 Obj. 2120rate of return of 3.38%121a) What was the price paid by the investment dealer if the T-bill has a face value of $1,000,000?122123124125126127128129130131132133134135136b) Later the same day, the investment dealer sold this T-bill to a large corporation which will receive137138139140141142143144145C) What was the investment dealer's profit on this transaction?146

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Q7 An investment dealer bought a 182-day Government of CLR 9 L10 Obj. 2 Canada treasury bill at the price required to yield an annual rate of return of 3.38% a) What was the price paid by the investment dealer if the T-bill has a face value of $1,000,000? b) Later the same day, the investment dealer sold this T-bill to a large corporation which will receive C) What was the investment dealer's profit on this transaction?

Q7 An investment dealer bought a 182-day Government of CLR 9 L10 Obj. 2 Canada treasury bill at the price required to yield an annual rate of return of 3.38% a) What was the price paid by the investment dealer if the T-bill has a face value of $1,000,000? b) Later the same day, the investment dealer sold this T-bill to a large corporation which will receive C) What was the investment dealer's profit on this transaction?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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N1 28. A car dealer is offering a 5-year loan (starting today) at 6% on a vehicle costing $35,999 plus $2,000 for dealer preparation (both before tax of 6.5% ). The deal also has the following terms: no money down and the first payment will occur in two months' time. How much is each monthly payment? A. $782.38 B. $793.75 C. $797.72 ∗⋆⋆ D. $817.65
3 K An investor purchased a 364-day, $100,000.00 T-bill on its issue date for $97,915.81. After holding it for 96 days, she sold the T-bill for a yield of 1.59% (a) What was the original yield of the T-bill? (b) For what price was the T-bill sold? (c) What rate of return (per annum) did the investor realize while holding this T-bill? KLIER (a) The original yield of the T-bill was%. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed) (b) The T-bill sold for $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The investor realized a rate of return of% (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
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ST Trucking just signed a $3.8 million contract. The contract calls for a payment of $1.1 million today, $1.3 million one year from today, and $1.4 million two years from today. What is this contract worth today at a discount rate of 8.7 percent? O a. $3,202,223.89 b. $2,108,001.32 c. $3,202,840.91 d. $3,783,648.48 e. $3,480,817.37
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Problem 9-19 (Algo) (LO 9-9) Shandra Corporation (a U.S.-based company) expects to order goods from a foreign supplier at a price of 132,000 pounds, with delivery and payment to be made on June 15. On April 15, when the spot rate is $1.47 per pound, Shandra purchases a two-month call option on 132,000 pounds and designates this option as a cash flow hedge of a forecasted foreign currency transaction. The time value of the option is excluded in assessing hedge effectiveness; the change in time value is recognized in net income over the life of the option. The option has a strike price of $1.47 per pound and costs $1,320. The goods are received and paid for on June 15. Shandra sells the imported goods in the local market immediately. The spot rate for pounds is $1.520 on June 15. Required: a-1. Prepare all journal entries for Shandra Corporation related to this transaction and hedge. a-2. What amount should Shandra Corporation report in net income as cost of goods sold for the quarter…
I decided to buy $4,000 par value of U.S. government 12s of 10 at a price of 99 sixty-one days into the interest period. If I pay my broker $60, how much does this trade cost me, including accrued interest? A. $3,879.78 B. $3,939.78 C. $3,980.22 D. $4,000.22 E. $4,100.22 F. $4,200.22
PROBLEM 5 On January 1, 2021, Son Co. Company purchased a machine for 300,000 in exchange for a 4-year note. The prevailing note of interest of type is 10%. The new machine was damaged during installation and the repair cost amounted to 30,000. Assuming that the machine has an available cash price that equals to the present value of the note if the note is bears interest at 12% rate. Required: 1.) How much is the cost of the machine? 2.) How much is the interest expense for the year 2022? 3.) How much is the carrying value of the notes as of December 31, 2024?
nd Problem 9-4 (LG 9-5) Citigroup recently purchased $12.1 million worth of euro-denominated one-year CDs that pay 10 percent interest annually. The current spot rate of U.S. dollars for euros is $1.104/€1. a. Is Citigroup exposed to an appreciation or depreciation of the dollar relative to the euro? b. What will be the return on the one-year CD if the dollar appreciates relative to the euro such that the spot rate of U.S. dollars for euros at the end of the year is $1.004/€1? (Round your answer to 3 decimal places. (e.g.. 32.161)) c. What will be the return on the one-year CD if the dollar depreciates relative to the euro such that the spot rate of U.S. dollars for euros at the end of the year is $1.204/€1? (Round your answer to 3 decimal places. (e.g., 32.161)) 8. b. C. Exposure Return if dollar appreciates Return if dollar depreciates Appreciation ✔ 10.080 % 12.050 %
343 / 5000 Resultados de traducción 8. A person has a land for sale and they have made two offers:a) First offer: ¢ 4,100,000 in cash and 12 monthly payments of ¢ 300,000.b) Second offer ¢ 3,800,000 in cash and 3 semi-annual payments of ¢ 1,400,000.Which of the 2 offers is more convenient if you can deposit the resources at 12%, compounded monthly?
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