cold boxes corporation has 100 bonds outstanding with a maturity value of $1,000. the required rate of return on these bonds is currently 10 percent, and interest is paid semiannually. the bonds mature in 5 years, and their current market value is $768 per bond. the annual coupon interest rate is: (round the answer to the nearest whole number.)

The annual coupon interest rate is 4%.

Explanation:

Bond Price = C *[1 - [1/(1 + i)^n]]/i + M/(1 + i)n

Bond Price = $768

n = number of periods

   = 5*2

   = 10 periods

C = ?

i = interest rate

 = 0.05

M = Face value

   = $1,000

768 = C*[1 - {1/(1 + 0.05)^10/0.05 +$ 1,000/(1 + 0.05)^10

768 = C*[1 - (1/1.05)^10/0.05 + $1,000/(1.05)^10

768 - 613.91 = 7.72173C

C = 154.08675 /7.7213

   = 19.95494

Annual = 19.95*2

            = $40

Coupon rate = 40/$1,000

                     = 4%

Therefore, The annual coupon interest rate is 4%.

answer; post closing trial balance;

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.