Find the duration of a bond with settlement date June 14, 2016, and maturity date December 21, 2025. The coupon rate of the bond is 8%, and the bond pays coupons semiannually. The bond is selling at a yield to maturity of 9%. (Do not round intermediate calculations. Round your answers to 4 decimal places.)

Find the duration of a bond with settlement date June 6, 2016, and maturity date December 5, 2025. The coupon rate of the bond is 9%, and the bond pays coupons semiannually. The bond is selling at a yield to maturity of 10%. (Do not round intermediate calculations. Round your answers to 4 decimal places.)

Visit the Federal Reserve's Web site.

Website: www.federalreserve.gov (Links to an external site.) (Links to an external site.)Links to an external site.

Hover over the third tab, “Monetary Policy” and click on Reports and then Beige Book to retrieve the summary report for current economic conditions by Federal Reserve District. Select the most current report. Then select the District where you live, have lived in the past, or where you are from originally (go to www.federalreserve.gov/otherfrb.htm (Links to an external site.) (Links to an external site.)Links to an external site. to locate your district).

In the subject of your post, please indicate which district you are writing about (San Francisco District).

What are some highlights of the report regarding Retail Sales, Consumer Spending, Real Estate and Construction, Manufacturing, Labor and Prices, etc. during the most recent period? In your opinion, how did your district perform compared to other districts and the U.S. in general? Given the current state of the U.S. economy, what monetary policy changes would you suggest that would be beneficial to your district at this time and why?

In the subject of your post, please indicate which district you are writing about (e.g. San Francisco District). What are some highlights

of the report regarding Retail Sales, Consumer Spending, Real Estate and Construction, Manufacturing, Labor and Prices, etc. during the most recent period? In your opinion, how did your district perform compared to other districts and the U.S. in general? Given the current state of the U.S. economy, what monetary policy changes would you suggest that would be beneficial to your district at this time and why?

Today is 09/01/2020. Total earnings of S&P500 companies in the last 12 months amounted to 163. Total cash payout (Dividends + Buybacks) was 90% of the earnings. The expected earnings growth rate for each of the next 5 years (until 2025) is provided in the table below. After 2025 (t=5), earnings are assumed to grow at 1% per year forever. Assume the total cash payout ratio (Dividends + Buybacks as % of Earnings) will remain 90% forever. This implies that the total cash payout will increase at the same rate as the earnings.

a. If you invested $100 in the S&P500 on 1/1/1928, your investment would have grown to $502,176.01 by 12/31/2019 (92 years later). What is the compounded average annual return on the S&P500 from 1928 to 2019? (This is the return per year assuming compound interest.)

b. Suppose the required return (ie the cost of capital) on the S&P500 index is equal to your answer from part a. Calculate:

(i) the expected terminal value in 2025 (t = 5), that is the PV at t = 5 of the expected total cash payouts (dividends + buybacks) after t =5

(ii) the intrinsic value of the S&P500 index, that is the present value of all expected total cash payouts.

Universal Foods issued 12% bonds, dated January 1, with a face amount of $180 million on January 1, 2018 to Wang Communications. The bonds mature on December 31, 2032 (15 years). The market rate of interest for similar issues was 14%. Interest is paid semiannually on June 30 and December 31. Universal uses the straight-line method. Universal Foods sold the entire bond issue to Wang Communications. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:
1-3. Prepare the journal entry to record the purchase of the bonds by Wang Communications on January 1, 2018, interest revenue on June 30, 2018 and interest revenue on December 31, 2025. (Enter your answers in whole dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Universal Foods issued 10% bonds, dated January 1, with a face amount of $150 million on January 1, 2018 to Wang Communications. The bonds mature on December 31, 2032 (15 years). The market rate of interest for similar issues was 12%. Interest is paid semiannually on June 30 and December 31. Universal uses the straight-line method. Universal Foods sold the entire bond issue to Wang Communications. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1-3. Prepare the journal entry to record the purchase of the bonds by Wang Communications on January 1, 2018, interest revenue on June 30, 2018 and interest revenue on December 31, 2025. (Round final answers to the nearest whole dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Universal Foods issued 10% bonds, dated January 1, with a face amount of $190 million on January 1, 2018 to Wang Communications. The bonds mature on December 31, 2032 (15 years). The market rate of interest for similar issues was 12%. Interest is paid semiannually on June 30 and December 31. Universal uses the straight-line method. Universal Foods sold the entire bond issue to Wang Communications. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:
1-3. Prepare the journal entry to record the purchase of the bonds by Wang Communications on January 1, 2018, interest revenue on June 30, 2018 and interest revenue on December 31, 2025. (Enter your answers in whole dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Universal Foods issued 10% bonds, dated January 1, with a face amount of $190 million on January 1, 2018 to Wang Communications. The bonds mature on December 31, 2032 (15 years). The market rate of interest for similar issues was 12%. Interest is paid semiannually on June 30 and December 31. Universal uses the straight-line method. Universal Foods sold the entire bond issue to Wang Communications. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:
1-3. Prepare the journal entry to record the purchase of the bonds by Wang Communications on January 1, 2018, interest revenue on June 30, 2018 and interest revenue on December 31, 2025. (Enter your answers in whole dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)