The opportunity cost of attending university is likely to include all except which of the following?
a) the cost of haircuts received during the school term
b) the income you forgo in order to attend classes
c) tuition fees
d) the cost of required textbooks
Answers
The opportunity cost of attending university encompasses various factors that represent potential benefits given up while pursuing higher education. However, among the options provided, the cost of haircuts received during the school term (option a) is not part of the opportunity cost.
Option b, the income you forgo to attend classes, is a significant component of the opportunity cost. When students attend university, they often give up full-time employment or limit their work hours, which results in lost potential earnings.
Option c, tuition fees, is another element of the opportunity cost. To attend university, students usually have to pay for their education, which could be spent on alternative investments or consumption if they decided not to pursue higher education.
Lastly, option d, the cost of required textbooks, contributes to the opportunity cost. Purchasing textbooks is necessary for most university courses, and the funds spent on them could be allocated to other uses if a student chose not to attend university.
In summary, the opportunity cost of attending university consists of the income forgone to attend classes, tuition fees, and the cost of required textbooks. However, the cost of haircuts during the school term is not part of the opportunity cost, as it is an unrelated personal expense.
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Related Questions
employees rarely arrive and leave exactly on the quarter hour so it would make sense to round employee arrival times to the nearest quarter hour?
A. False
B. True
Please be right
Answers
how are resources and scarcity connected?
Answers
Answer:
Explanation:
resources and scarcity are connected.
HOW?????
If we do not have resources, it leads to scarcity.
For example, If we do not have water which is a very precious resource, it leads to scarcity of water.
Hope this helps
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Which detail best supports the purpose of persuading the audience that their freedom is connected to their generosity? "we make friends by doing good to others, not by receiving good from them." "this makes our friendship all the more reliable, since we want to keep alive the gratitude of those who are in our debt by showing continued good-will to them." "again, in questions of general good feeling there is a great contrast between us and most other people." "when we do kindnesses to others, we do not do them out of any calculations of profit or loss: we do them without afterthought, relying on our free liberality."
Answers
Answer: I think the answer is, "when we do kindnesses to others, we do not do then out of any calculations of profit or loss: we do them without afterthought, relying on our free liberality." but I'm not sure. I hope that helps :P
Explanation: it makes the most sense, in my opinion.
The detail that best supports the purpose of persuading the audience that their freedom is connected to their generosity is that when we do kindnesses to others, we do not do them out of any calculations of profit or loss: we do them without afterthought, relying on our free liberality.
What is freedom?Freedom is the unrestricted ability to pursue one's desires or a complete lack of inhibition. The freedom of U.S. citizens to express their thoughts and opinions is an illustration of freedom.
A prisoner being released from custody after finishing their sentence is an illustration of freedom. the state of not being constrained, specifically the capacity to act without being directed by, influenced by, or constrained by another person or environment.
In this case, the detail that supports the purpose of persuading the audience that their freedom is connected to their generosity is that when we do kindnesses to others, we do not do them out of any calculations of profit or loss: we do them without afterthought, relying on our free liberality.
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Military-grade encryption means that only someone in the military can read it. True or False?:
Answers
False.
Military-grade encryption refers to the level of encryption used by the military, which is considered to be very secure and difficult to crack. However, this encryption can be used by anyone, not just those in the military. It is often used by businesses, government agencies, and individuals who want to protect their sensitive information from unauthorized access.
Military-grade encryption typically involves complex algorithms and key lengths that make it very difficult for hackers or unauthorized parties to access the encrypted data.
Thus, while military-grade encryption is often associated with the military, it is not limited to their use and can be used by anyone who wants to ensure the security of their data.
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Stephen is a professor at a university. He tells his students that rich countries continue to stay rich because they control the economies of poor countries. He also states that they exploit the poor countries because workers in poor countries depend on external markets for jobs. He argues that rich countries set prices for agricultural products exported by poor countries regardless of market values. Which theory is he describing to his students
Answers
Answer: World-system theory
Explanation:
World-system theory are various approach to how past events in the world played out alongside social changes and it's impact on the people.
They are many claims the rich make their wealth off the poor, many of those claims could be true, as we are surrounded with a few rich and many struggling person's in the society. These theories and many more which tell how past events play out is known to be World-system theory.
Who is down for a Amazon card trade for steam gift card
Answers
Answer:ok, sure,
Explanation:
Answer:
whats the question sir?
Explanation:
Why did the author introduce factors of
production before discussing land, labor and
capital?
A
to help the reader understand what
economic resources are before introducing
the three groups of economic resources.
B
to help the reader understand the role of
economists before introducing what it is that
economists study
с
to help the reader understand why there is
demand for certain inputs before
introducing the idea of input scarcity
D
to help the reader understand what goods
and services are before introducing how
those goods and services are brought about
Answers
Answer: A . to help the reader understand what economic resources are before introducing the three groups of economic resources.
Explanation:
Land, labor and capital are the three most important factors of production so in introducing factors of production first, the author wanted to give a background of what factors of production are before then giving the types of factors there are.
The background information given is to enable the reader understand what economic resources/ factors of production are so that they would then be able to understand the general need for land, labor and capital when they are introduced.
ane was a partner at a law firm earning $223,000 per year. She left the firm to open her own law practice. In the first year of business she generated revenues of $347,000 and incurred explicit costs of $163,000. Jane’s economic profit from her first year in her own practice is a. -$39,000. b. $124,000. c. $163,000. d. $184,000.
Answers
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Salary= $223,000 per year
Business:
Revenue= $347,000
Costs= $163,000
Economic profit incorporates the opportunity cost of not choosing other options. In this case, the salary on the law firm.
Income= revenue - costs - opportunity cost
Income= 374,000 - 163,000 - 223,000
Income= -$39,000
uestion Contributions of $110.00 are made at the beginning of every three montan Rooyers Warmter 10 quarterly Enter your answer to the newest dollar. Do not enter the sample input249377 DIOS DENG Test information Description lesstructions Multiple Attempts Thistes hows 2 territs. This trope unter 1 Force Completion This test can be saved and resumed farer Your answers are saved automatically Question Completion Moving to another question will save this response Question of 258 Question 3 points Contributions of $116.05 are made at the beginning of everythee months into an RRP for 10 years. What is the accumue balance alte 10 i interest is compounded quarterly Enter your answer to the nearest dollar. Do not enter the sign Sample inpuc 248077 * 27 Type here to search 9 Q 1°C DE 19 01-04-2022
Answers
The accumulated balance after 10 years with quarterly compounding and contributions of $116.05 made at beginning of every three months is approximately $39,648.
What are contributions?Contributions are actions or efforts made by an individual or group towards achieving a specific goal or objective. These can be in the form of ideas, skills, time, resources, or other tangible or intangible assets. Contributions can be made in various fields such as science, technology, education, art, culture, social welfare, politics, and more. Contributions can have a positive impact on society, organizations, communities, and individuals. They can lead to innovations, improvements, and solutions to problems. Contributions can also foster collaboration, teamwork, and mutual support among people with diverse backgrounds and perspectives. Examples of contributions include volunteering, donating money or resources, mentoring or coaching, sharing knowledge or expertise, creating or inventing something, advocating for a cause or issue, and more. Ultimately, contributions are a way for individuals to make a difference and create positive change in the world.
\(r = n[(A/P)^{(1/nt)} - 1]\)
\(r = 4[(A/116.05)^{(1/(4*10)} ) - 1]\)
\(r = (A/116.05)^{(1/40)} - 1\)
\(A = 116.05(1 + ((A/116.05)^{(1/40)} - 1)/4)^{40}\)
A = $39,648
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Which of the following correctly describe regulations offering exemptions from registration requirements for sales of securities?
1. a private offering exemption is offered under federal law (SEC regulations) for sales of securities to "sophisticated investors" that are below certain dollar thresholds and meet certain other criteria
2. state laws should be consulted separately for requirements pertaining to offerings of securities
3. all securities transactions, even exempt transactions, are subject to the antifraud provisions of the federal securities laws, including holding individuals and companies responsible for false or misleading statements, whether oral or written
4. all of the above
Answers
Option 4, "all of the above," correctly describes regulations offering exemptions from registration requirements for sales of securities.
This option correctly states that a private offering exemption is available under federal law (SEC regulations). It allows sales of securities to "sophisticated investors" below certain dollar thresholds and meets specific criteria without the need for registration.
State laws have their own requirements for offerings of securities. Therefore, it is necessary to consult state laws separately to ensure compliance with their specific regulations.
The option accurately states that all securities transactions, including exempt transactions, are subject to the antifraud provisions of federal securities laws. This means that individuals and companies can be held responsible for false or misleading statements, regardless of whether they are oral or written.
By selecting option 4, it acknowledges that all the provided statements are correct and cover the different aspects of exemptions from registration requirements for sales of securities.
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the slope of a demand curve is almost always a. positive, because the more money a person has, the more of a particular good will be bought. b. positive, because when people buy more of a good the cost of producing it will rise. c. negative, because with everything else equal, the same people will buy more of a good when its price is lower. d. positive, because as the price rises, people want to sell more of the good. e. negative, because when people buy more of a good the cost of producing it will fall.
Answers
C) The slope of a demand curve is almost always negative, because with everything else equal, the same people will buy more of a good when its price is lower.
What is the demand curve?A demand curve is a graph showing the relationship between the quantity of a commodity that consumers are willing to purchase and the commodity's price at a specific point in time. The demand curve is typically represented as a downward-sloping curve, with quantity on the horizontal x-axis and price on the vertical y-axis.
A change in the commodity's price would cause a shift in the quantity demanded for the good, resulting in a change in demand along the curve.
The slope of the demand curve is almost always negative, which means that as the price of the commodity rises, the quantity demanded decreases, and as the price decreases, the quantity demanded increases. Correct Option is "C".
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1 point
Wal-Mart relies on the thousands of miles or roads and their massive
trucks in order to ship their goods all over the country. Which factor of
production are roads and trucks considered?
Capital
Human / Labor
Natural / Land
Entrepreneur
Answers
Have a great day
A tax that takes a higher percentage of income from people with lower
incomes is a
A. progressive tax
B. deductive tax
C. dependent tax
D. regressive tax
Answers
A regressive tax is a tax that takes a higher percentage of income from people with lower incomes. Hence, option D is correct.
What is regressive tax?When the overall tax burden drops as income increases, the tax is said to be regressive. While middle- and high-income taxpayers suffer a proportionally smaller part of the tax burden, low-income taxpayers bear a disproportionately large share.
Every taxpayer, regardless of economic level, pays the same amount of money, a regressive tax may initially seem to be a fair method of taxing residents. A closer analysis reveals that such a tax results in lower-income persons paying a bigger percentage of their income than do wealthy ones.
Thus, option D is correct.
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What does it mean to consider logic when prioritizing tasks?
Answers
Explanation:
To consider logic when prioritizing task means: You should order them by how long they take to achieve.
Answer:
Considering logic requires understanding which tasks need to be completed first in order to allow other tasks to become possible to complete. Setting priorities using logic assumes that it will just make sense for some tasks to be completed earlier.
Explanation:
When a country exports more than it imports, this is known as a trade _________.
Answers
Answer:
trade surplus
why is the quality of standards/services of products usually low for a domestic business?
Answers
Answer:
Domestic Business requires comparatively less capital investment as compared to international business. Domestic Business has few restrictions, as it is subject to rules, law taxation of a single country. As against this, international business is subject to rules, law taxation, tariff and quotas of many countries and therefore, it has to face many restrictions which are barriers in the international business. The nature of customers of a domestic business is more or less same.
Explanation:
Hope it helps you
Changes in total factor productivity are plausible causes of business cycles because productivityinduced business cycles correctly predict Choose the correct one. a) real wages and total hours must be procyclical. b) consumption and government spending must be procyclical. c) total hours worked and consumption must be procyclical. d) real wages and consumption must be procyclical.
Answers
Changes in total factor productivity, which refers to improvements in the efficiency and productivity of all factors of production, can have significant effects on business cycles. The correct answer is option c.
Productivity-induced business cycles suggest that changes in total factor productivity can drive fluctuations in economic activity.
In this context, the correct statement is that total hours worked and consumption must be procyclical. When total factor productivity increases, it leads to higher levels of output and economic growth. This, in turn, typically results in increased employment and hours worked as businesses expand production. As economic activity rises, consumers have more income and confidence, leading to increased consumption.
Therefore, in productivity-induced business cycles, both total hours worked and consumption tend to move in the same direction as the overall business cycle, exhibiting a procyclical pattern.
The correct answer is option c.
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If competitors cannot easily copy the benefit a company chooses to promote, that benefit is said to be _________.
Answers
'If competitors cannot easily copy the benefit a company chooses to promote, that benefit is said to be preemptive.
A corporation, abbreviated as co., is a legal entity, natural, legal, or a mixture of both, which is a collection of people with a specific purpose. Company members have common goals and work together to achieve specific goals.
Unlike a typical mission statement, however, a company purpose is primarily intended to describe what the company does. While outlining the company's general direction, it can also include specific aspects such as areas of focus, strategic partnerships, or target groups.
General departments include Marketing, Finance, Operations Management, Human Resources and IT. These five divisions represent major divisions within public companies, although smaller divisions often exist within independent companies.
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Heyy
Can someone help me please
Answers
if an inspection must be conducted on a contract post office operated from a privately-owned building, who has jurisdiction to inspect this facility?
Answers
If an inspection must be conducted on a contract post office operated from a privately-owned building, Local Fire department has jurisdiction to inspect this facility.
What is jurdisiction?The legal word for a court's power to hear cases and render decisions is jurisdiction. A constitutional foundation underlies this power. Appellate jurisdiction, concurrent jurisdiction, and federal jurisdiction are a few examples of judicial jurisdiction.
Appellate jurisdiction is the ability of a superior court to remedy legal errors committed by a lower court (as opposed, for example, to state jurisdiction). In a certain region, a court may also be allowed to do business. In the United States, only minor offenses can be prosecuted using summary jurisdiction, in which a magistrate or judge has the authority to conduct processes that end in a conviction without a jury trial.
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Which of the following statements best characterizes the bottom line of security for e-commerce?
A) Good security is expensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.
B) Good security is inexpensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.
C) Good security is expensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure.
D) Good security is inexpensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure.
Answers
Answer:
Good security is expensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure. C
Explanation:
When some countries increase their imports as a result of worldwide economic growth, other countries must be increasing their:___________
Answers
Answer:
exports as demand in all countries substantially rises.
Jeevan and Jayaram started a partnership business. Jayaram is a filmstar. He has no time to be involved in business activity. Jeevan conducts the business on behalf of Jayaram. Can you identify and differentiate the two types of partners.
Answers
Answer:
•Jayaram is a Limited partner
•Jeevan is an active partner
Explanation:
•A limited partner also known as a silent partner is a partner who does not partake in the day to day running of the business. He only provides capital to the running of the business hence his liability is limited to the amount invested in the business.
Asides providing capital and not being active in the management of the business activity, he can be of help by providing business contact that would bring progress to the business and also give business advice where and when necessary.
• An active partner is a partner who provides capital and also oversees the daily activities of the business. He is a very important partner because of his involvement in the business affairs hence has more liability unlike the limited partner. An active partner's action can make or mar the business because of the influence he has over the business.
BMX Company has one employee. FICA Social Security taxes are 6. 2% of the first $128,400 paid to its employees, and FICA Medicare taxes are 1. 45% of gross pay. For BMX, its FUTA taxes are 0. 6% and SUTA taxes are 5. 4% of the first $7,000 paid to its employee.
Gross Pay through August 31 Gross Pay for September
A $5,100 $2,200
B 2,300 2,400
C 122,700 8,600
Compute BMX’s amounts for each of these four taxes as applied to the employee’s gross earnings for September under each of three separate situations A, B, and C. (Round your answers to 2 decimal places. Leave no cells blank. )
Answers
A. BMX tax in situation A is = $282.3
B. Then BMX tax in situation B is = $327.6
C. BMX tax in situation C is = $1600.4
Taxes on Social Security are calculated
Provided that, in response to the query
the first $128,400 when the FICA Social Security equals 6.2%
FICA Medicare then equals 1.45% of gross pay.
FUTA = 0.6% as well.
SUTA then equals 5.4% of the initial $7,000 paid.
At this time, gross pay through August 31 - gross pay for September
A - $2,200
B - $2,400
C - $8600
For example, A.
When the FICA is calculated, the tax rate is multiplied by the relevant sum.
Following that, $2,200 *.062 = $136.4 in FICA social security tax.
Medicare FICA:
Then, $2,200 * .0145 = $31.90
The extra amount is multiplied by the appropriate tax rate to determine FUTA and SUTA.
FUTA levies:
($7,000 - $5,100) * .006 = $11.40
SUTA fees
($7,000 - $5,100) * .054 = $102.60
Situation A's BMX tax is $136.4 plus $31.90 plus $11.40 plus $102.60.
BMX Tax therefore equals $282.3.
For example, B
Because the employee has not yet earned $7,000 in compensation, the gross pay is multiplied by the applicable tax rate in this instance. FICA social security tax:
Now, $2,400 * .062 = $148.8
Medicare FICA:
Again, $2,400 * .0145 = $34.80
FUTA levies:
$2,400 * .006 = $14.40
SUTA fees
$2,400 * .054 = $129.6
Situation B's BMX tax is $148.8 plus $34.80 plus $14.40 plus $129.6.
BMX Tax so equals $327.6.
For example, C
As $128,400 is the maximum amount of salaries due to social security tax, the FICA social security tax is determined by:
Then, ($128,400 - $122,700) * .062 = $353.40
Medicare FICA:
Following that, $8,600 *.0145 equals $1247.00.
Taxes for BMX total $353.40 plus $1247.00, or $1600.4
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Which of the following actions can be considered good business etiquette?
A.
switching your cell phone off before you enter a meeting
B.
keeping your cell phone on low volume before you enter a meeting
C.
setting a pleasant ring tone on your cell phone before you enter a meeting
D.
setting a standard ringtone on your cell phone before you enter a meeting
Answers
Which factor determines the equality between savings and investment in Keynesian theory of effective demand
Answers
Profit expectations, the degree of confidence, and the selection of investment in national income are the factors that determine the equality between savings and investment in Keynesian theory.
Keynes made it clear that the equality between saving and investment is obtained by the differences in national income. A basic macro-economic analysis identity is that saving equals investment making it an equilibrium.
The main difference between Keynesian and other classical theories is that Keynesian economics concentrates on government investments and a fiscal approach to promoting economic growth but classical economics concentrates on the strength of the free market to control itself.
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Monica is a drawing a monthly salary of 45000 if rupee e 15000 is spend every month on repayment of a loan what percent of her salary is she spending onrepayment? if 24% of the remaining salary is spend on food find the The Expenditure on food...
Answers
Answer:
Loan percentage = 33.33%
Amount spend on food = 7200
Explanation:
Monica's salary is 45000
Amount spend on loan is 15000
The percentage of amount spend on rent
=15000/45000 x100
=0.33333 x 100
=33.33 %
Amount spend on loan = 15,000
The remaining amount = 45,000 - 15,000
=30,000
24% of 30,000 is spent on food
Actual amount = 24/100 x 30,000
=0.24 x 30,000
=7200
Amount spent on food = 7200
You are analyzing the Photon project, which has the expected cash flows below. The Photon project has a 4 year life (assume "best life") and is competing against another project for funding (the Warp project). That is, the two projects are mutually exclusive. The Warp project has an 8 year life (assume "best life"; cash flows not provided). You notice that the projects have lives of different lengths, so you ask whether the Photon project can be repeated at the end of 4 years. The answer is that it can be. To adjust for the differing lives, you decide to use the NPV replacement chain method. For your initial analysis, you are to assume that Photon can be duplicated exactly. Using the replacement chain method and a discount rate of 17.0%, compute Photon's NPV, in a way that would be appropriate to compare to the NPV of the Warp project. Round to nearest penny. Year 0 cash flow = -179,000 Year 1 cash flow = 77,000 Year 2 cash flow = 77,000 Year 3 cash flow = 77,000 Year 4 cash flow = 77,000
Answers
The NPV of the Photon project using the replacement chain method and a discount rate of 17.0% is $29,049.43
How to calculate the valueTo calculate the NPV for each cycle, we discount each cash flow to its present value and sum them up:
Cycle 1:
PV₀ = -179,000 / (1 + 0.17)⁰ = -179,000
PV₁ = 77,000 / (1 + 0.17) = 65,812.18
P₂ = 77,000 / (1 + 0.17² = 56,119.98
PV₃ = 77,000 / (1 + 0.17)³ = 47,944.80
P₄ = 77,000 / (1 + 0.17)⁴ = 41,082.41
NPV Cycle1 = -179,000 + 65,812.18 + 56,119.98 + 47,944.80 + 41,082.41 = 31,959.37
NPV Cycle2 = -118,373.88 + 37,983.47 + 31,288.62 + 25,824.61 + 21,368.24 = -2,909.94
To calculate the NPV of the Photon project, we sum the NPVs of both cycles:
NPVPhoton = NPV Cycle1 + NPV Cycle2 = 31,959.37 + (-2,909.94)
= 29,049.43
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUYou will earn the YTM on a bond if you hold the bond until maturity and if interest rates don't change. If you actually sell the bond before it matures, your realized return is known as the holding period yield (HPY).
a. Suppose that today you buy a bond with an annual coupon rate of 6 percent for $1,010. The bond has 15 years to maturity. What rate of return do you expect to earn on your investment? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
b-1. Two years from now, the YTM on your bond has declined by 1 percent, and you decide to sell. What price will your bond sell for? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b-2. What is the HPY on your investment? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answers
a)The rate of return that will be earned on your investment if you purchase a bond with an annual coupon rate of 6 percent for $1,010 with 15 years to maturity is calculated using the bond pricing formula.Bond pricing formula is:$$P=C\left[\frac{1-\frac{1}{(1+r)^n}}{r}\right]+\frac{FV}{(1+r)^n}$$where,P = price of the bond,C = coupon payment per period,FV = face value of the bond,r = periodic interest rate n = total number of periodsSolution:We know, coupon rate = 6% and the coupon payment will beCoupon payment = 6% * 1010 = $60Face value of the bond = $1,000Using the formula, we get:$1,010=\frac{60}{r}*(1-\frac{1}{(1+r)^{15}})+\frac{1,000}{(1+r)^{15}}$Solving the equation, we get the periodic interest rate as 0.05, that is 5%. Therefore the expected rate of return is 5%b)1) If the YTM on your bond has declined by 1% after two years and you decide to sell, the price at which the bond will sell is calculated using the bond pricing formula.$$P=C\left[\frac{1-\frac{1}{(1+r)^n}}{r}\right]+\frac{FV}{(1+r)^n}$$where,P = price of the bond,C = coupon payment per period,FV = face value of the bond,r = periodic interest rate n = total number of periodsAt the beginning, we calculated the periodic interest rate r as 0.05 using the bond pricing formula. After two years, the YTM decreases by 1%. Hence, the new periodic interest rate will be r-1%=0.04% or 4%.Coupon payment = 6% * 1010 = $60Face value of the bond = $1,000The number of periods is 13 (15 - 2). Therefore, we can use the bond pricing formula to calculate the price of the bond.$$P=C\left[\frac{1-\frac{1}{(1+r)^n}}{r}\right]+\frac{FV}{(1+r)^n}$$$$P = 60\left[\frac{1-\frac{1}{(1+0.04)^{13}}}{0.04}\right]+\frac{1,000}{(1+0.04)^{13}}$$$$P=$1,073.47Therefore, the bond will be sold at $1,073.47.2) The holding period yield (HPY) is calculated using the formulaHPY = (Sale Price - Purchase Price + Coupon Payment) / Purchase Price * 100%where,Sale Price = $1,073.47Purchase Price = $1,010Coupon Payment = $60HPY = (Sale Price - Purchase Price + Coupon Payment) / Purchase Price * 100%HPY = (1,073.47 - 1,010 + 60) / 1,010 * 100%HPY = 11.32%Therefore, the holding period yield (HPY) on the investment is 11.32%.
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