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olga2289 [7]
2 years ago
11

A customer buys 10 Allied Corporation 8% debentures, M '25, at 90 on Tuesday, Oct 9th. The interest payment dates are Feb. 1 and

Aug. 1. The trade settled on Thursday, October 11th. The annual interest payments amount to:
Business
1 answer:
pshichka [43]2 years ago
5 0

Based on the information given the annual interest payments amount to:$800.

<h3>Annual interest payments:</h3>

The 10M represent 1-1,000 bonds which is $10,000

Using this formula

Annual interest payment= Interest rate annually×Bonds

Where:

Interest rate annually=8%

Bonds=$10,000

Let plug in the formula

Annual interest payment=8% of $10,000

Annual interest payment=$800

Inconclusion the annual interest payments amount to:$800.

Learn more about annual interest payment here:brainly.com/question/2151013

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Answer:

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Note that the question did not provide the necessary information to make the final decision.

b) During the issue of securities, especially an IPO, underwriters, such as investment banks, pay an issuing company for the securities and then sell the securities to the public.  There is always a difference per share price that they are willing to pay the issuer and what they will collect from the investing public.  That difference is called the underwriting spread or simply the spread.

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in Illinois Mobile homes are generally considered to wich one a. personal property b. real property c.trade fixture d. fixtures
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A company has a beginning retained earnings balance of $100,000. It has net income for the current year of $50,000 and paid $10,
Brut [27]

Answer:

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