-
+1 - 312-224-1615
Get in touch with us
-
support@helpwithassignment.com
Send us an e-mail
Solution Library
Calculate The Value Of Municipal Notes Selling At Par
Question
The following is an FI’s balance sheet ($millions).
|
Assets |
Amount |
Duration |
Liabilities |
Amount |
Duration |
|
Cash |
$ 1 |
0 years |
Dem. Deposits |
$100 |
0 years |
|
FF&RP |
20 |
0.01 years |
FF&RP |
50 |
0.01 years |
|
Munis |
50 |
x |
CDs |
90 |
1.0 years |
|
Loans |
200 |
y |
Net Worth |
31 |
|
Notes to Balance Sheet:
Munis are 2-year 6 percent annual coupon municipal notes selling at par. Loans are floating rates, repriced quarterly. Spot discount yields for 91-day Treasury bills are 3.75 percent. CDs are 1-year pure discount certificates of deposit paying 4.75 percent.
1. What is the duration of the municipal notes (the value of x)?
a. 1.94 years.
b. 2.00 years.
c. 1.00 years.
d. 1.81 years.
e. 0.97 years.
Summary
These short questions belong to Finance and it is about calculation of the value of munis or municipal notes selling at par.
Total Word Count 16
Download Full SolutionWHAT OUR STUDENTS SAY
The accounting assignment due for my term end evaluation had to include data and examples from Wellington businesses. So when I mentioned this special requirement of mine to the customer care executives at TheReliableTutor they immediately paired me with an accounting assignment expert who is from Wellington and has himself studied from the Victoria University of Wellington. Needless to say I topped the class and the professor was very impressed by the quality of the assignment.
Sophie Eady Student
Excel formulas get me confused at the very basic level and to say that I was in deep waters with using Excel Solver in my math assignments would be an understatement. Thanks to the Excel Solver assignment help experts at HwA, I am now much more confident and my grades have improved.
Rachel Hawkins Student
I was really very poor at drawing phase diagrams in my material science course. In fact that was the first time I looked for help from HwA. The result was fantastic. The material science experts knew what to deliver just after receiving the request and I didn’t have to worry since then.
Kate Green Student
The PowerPoint presentation with speaker notes prepared for my world cuisines assignment by the PowerPoint presentation help expert at HwA was absolutely as I had requested for. It was interesting, structured, and not overladen with text content.
Chelsea Garner Student
When I saw that the dissertation writers are from Canada itself it was such a big relief. They are aware of the structural requirements and also at the same time got the citations and the referencing exactly as demanded.
Daphne Bernard Student
Comments
this is a very good website
I have 50 questions for the same test your page is showing only 28
hi can you please help or guide me to answer my assignments. thanks
hi can anyone help or guide me to my assignments. thanks
This solution is perfect ...thanks
Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes
Perfect bank of solution.
great !
thanks for the quick response. the solution looks good. :)
thnx for the answer. it was perfect. just the way i wanted it.
works fine.