Suppose that on January 2, 2018, the U.S. Treasury auctioned the following four T-Bills:
a) Determine the bank discount rate for each T-Bill using formula 10-3 given in the chapter and the DISC function.
b) Determine the bond equivalent yield for each T-Bill using the formulas given in the chapter and the YIELDDISC function.
c)Create a chart of a portion of the yield curve using the results of the bond equivalent yield in part b.
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During 2010, Heckart Corporation had sales of $250,000, net income of $25,000, average total assets of $350,000, dividend payments of $17,500, net cash flows from operating activities of $43,000, purchases of plant assets of $37,500, and sales of plant assets of $45,000 . Cash flows to sales equals (Round amounts to one decimal place)
a. 12.3 percent. b. 14.3 percent. c. 21.5 percent. d. 17.2 percent.
The current portion of long-term debt should
A) be classified as a long-term liability. B) not be separated from the long-term portion of debt. C) be paid immediately. D) be reclassified as a current liability.
A bill of exchange is an unconditional written order
Indicate whether the statement is true or false
In a mediation
A) the parties to the dispute attempt to their own agreement. B) the decision of a third party such as a judge is binding. C) the decision of a third party such as a judge is non-binding. D) the decision of a third party such as a judge can be binding or non-binding.