When bulls have this high of a Answer: C. $10,137.50. As cattle mature, their meat becomes progressively tougher. How did they figure the answer? Because this bond was purchased at a premium, you have to determine the annual amortization by taking the difference between the purchase price and par value and dividing it by the ten years until maturity. A person who understands and can communicate the source and value of agriculture as it affects our quality of life. What yield could an investor expect if purchasing the bond at the current price and holding it ten years until maturity? Quality grades act as a language within the beef industry and are based off of the degree of marbling found within the meat, as well as the age and maturity of the beef. HCW Adj Fat REA % KPH Yield Grade 1 572 0.68 9.6 2.5 2 800 0.44 14.8 1.5 3 546 0.48 10.0 2.0 4 Macromolecules Worksheet Part A. Classify each as a carbohydrate, protein, 2. Beef Quality Grades A quality grade is a composite evaluation of factors that affect palatability of meat (tenderness, juiciness, and flavor). To determine the current yield of a bond, you have to divide the annual interest by the market price. 2. 12. 18. This website is managed by National Center for Agricultural Literacy at Utah State University (2020) and supported by the National Institute of Food and Agriculture (NIFA), United States Department of Agriculture (USDA), under Agreement No. What's the Difference? H�*T034�30P AsKN$�**�+�{�*��+� ߏ � Any opinions, findings, conclusions, or recommendations expressed on this website do not necessarily reflect the view of the USDA. Price and Yield Calculations on the Series 7 Exam, 1,001 Series 7 Exam Practice Questions For Dummies Cheat Sheet, Setting Yourself Up for Success on the Series 7 Exam, Municipal Bonds and Notes on the Series 7 Exam. The annual interest is $40 (4 percent x 1,000 par), and the market price is $920 (92 percent x 1,000 par): ABC Corporate Bonds are quoted at 101-3/8. So a bond trading at 101-3/8 would convert to a bond trading at 101.375 (3/8 = 0.375). Use our curriculum matrix to help your students arrive at agricultural literacy. Consumers desire cuts of beef that are lean, nutritious, and possess desirable eating characteristics. Steven M. Rice is a partner in Empire Stockbroker Training Institute, one of the country’s leading schools for training to the security industry. 17. National Agricultural Literacy Curriculum Matrix (2013) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. ���� JFIF � � �� C A 6% corporate bond is trading at 101. The first thing you have to do is convert the fraction to a decimal. h�b```f``������T� �� 6�NF�P��P� �����4���ec�����@� I�n 5. 10. ANSWERS 1. 6. Meat researchers have developed reliable methods for measuring the factors that influence eating characteristics and factors affecting yield of lean cuts. Round to nearest tenth of bone maturity if not tenths. 2013-38858-21212 and the National Agriculture in the Classroom Organization. ",#(7),01444'9=82. So a bond trading at 101-3/8 would convert to a bond trading at 101.375 (3/8 = 0.375). to figure the answer. 15. Name lipid or nucleic acid. Caution: you have javascript disabled. 0 Whole cuts of beef are given a quality grade by USDA meat graders. Economically important traits for beef cattle evaluation discussed below are live weight, dressing percent, muscling, fat thickness, yield grade and quality grade. Per. A Look at Organic vs Conventional Food, Use our eLearning resources to engage your students, Learn more about the 2021 National Conference in Des Moines, Iowa, June 28-July 1, Highlights of 2020 National Virtual Summit, Meet the 2020 National Agriculture Advocate Winner, Join National Agriculture in the Classroom Organization, Donate to support the teacher professional development, National Center for Agricultural Literacy at Utah State University, Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. $.' Next, you have to remember that these $1,000 par value bonds aren’t actually trading at 101.375. The annual interest is $60 because it has a 6 percent coupon rate, and par value is $1,000 (6 percent of $1,000 = $60). The first thing you have to do is convert the fraction to a decimal. Next, you have to remember that these $1,000 par value bonds aren’t actually trading at 101.375. Bull D because the data indicate that his offspring will be the fastest growing at all stages and pass on the best milking genetics as evidenced by the highest milk EPD. The age of a beef animal has a direct effect on tenderness of the meat it produces. Beef Yield Grading – Practice Worksheet 1 No. Send us a message with your question or comment. endstream endobj 14 0 obj <>stream These factors include carcass maturity, firmness, texture, and color of lean, and the amount and distribution of marbling within the lean. Next, because the investor is purchasing ten of these bonds, you have to multiply your answer by 10: ($1,013.7)(10 bonds) = $10,137.50. Maturity. Your site experience may be affected. He is also an instructor at Empire and is the author of Series 7 Exam For Dummies. h�bbd`b`�bb`�eb`� ����� #� 16 0 obj <>stream Beef Dressing Percent Fed Cattle = 63% Cows = 50% Factors that affect dressing percentage “Fill” -- large rumen capacity fat cover -- fat animals have higher dress mud on the hide -- add live weight, reduce dress The 101.375 is a percentage of par, so the bonds are actually trading at (101.375%)($1,000 par) = $1,013.75. endstream endobj startxref 15 0 obj <>/Filter/FlateDecode/ID[<3096B9860985E747AD759002D266BDE8><3096B9860985E747AD759002D266BDE8>]/Index[10 7]/Info 9 0 R/Length 36/Prev 626342/Root 11 0 R/Size 17/Type/XRef/W[1 2 0]>>stream 10 0 obj <> endobj Bone Lean Final A70 B10 = A90 It states use a simple average when lean and bone maturities are within 40 % of each other. %PDF-1.3 %���� Make sure you understand which type of bond the question is talking about prior to answering because there are many differences. Quality Grade of a beef carcass is determined by evaluating carcass indicators of physiological maturity and marbling, as reflected in the Official USDA Grading Chart (Figure 2). Live Weight Beef cattle have a wider range of market weights compared to other species due to differences in type and maturity. endstream endobj 11 0 obj <> endobj 12 0 obj <>>>/Rotate 0/Type/Page>> endobj 13 0 obj <>stream Evaluation of beef quality and composition is important to cattle producers, meat packers and retailers, and consumers. 16. Prime: Prime beef comes from young cattle who are well-fed. Bull B should scare you! 4. Bull B because he has the lowest milking ability EPD. 3. How much would an investor purchasing ten of these bonds pay? The normal range is 950-1500 pounds with an average weight of 1150 pounds. %%EOF Now plug in the numbers to calculate the yield: A 4% bond is purchased at 92 with 25 years until maturity, What is the current yield? Here is an example: with correct answer. For the debt securities portion of the Series 7 exam, you need to know something about to determine bond prices and yields. A birth weight EPD of +7.0 is extremely high. I am doing a Beef Maturity Practice sheet and completely lost on how.