Maestro Inc has a $1,000, 6% coupon bond with interest payable semiannually and a remaining term of 20 years. The market yield on similar bonds is 10%. What percentage of face value is the bond selling for today

65.682%

Explanation:

The computation of the percentage is shown below;

But before that first determine the present value i.e.

Given that

Future value = $1,000

PMT = $1,000 × 6% ÷ 2 = $30

RTAE = 10% ÷ 2 = 5%

NPER = 20 × 2= 40

the formula is shown below;

= -PV(RATE,NPER,PMT,FV,TYPE)

After applying the above formula, the present value is $656.82

Now the percentage is

= $656.82 ÷ $1,000

= 65.682%

answer; ///soft drinks mixed with alcohol will speed up the absorption rate;

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.