Answer:
A) 8 percent.
Explanation:
Coupon rate refers to the expected periodic earnings of a bond until its maturity. The coupon rate is expressed as a percentage of the par value or the face value of the bond. It is similar to the interest rate for other investments option. A bond's coupon rate is, therefore, its interest rate.
A bond coupon rate represents its yearly earnings. However, most bonds will pay the interest twice per year. The bond issuer pays the bondholder regular and fixed interest until the bond matures. The coupon rate determines the bond's profitability. A bond with a higher coupon rate is more attractive to investors.
Answer:
$32.14 per share
Explanation:
The computation of the current value of the single share is shown below:
= Current year dividend ÷ (Required rate of return - growth rate)
where,
Current year dividend is $2.25 per share
Required rate of return is 10%
And, the growth rate is 3%
So by placing these items, the current value is
= $2.25 ÷ (10% - 3%)
= $32.14 per share
The closing agent is responsible for ordering, preparing, and reviewing closing-related documents.
<h3>Who is a Closing agent?</h3>
This is a professional who deals in real estate transactions and acts a middle man between the buyer and the seller.
He ensures the transfer of the legal title is appropriately done by preparing and reviewing closing-related documents, such as the title policy and settlement statement.
Read more about Closing agent here brainly.com/question/20787805
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Answer:
1. Cash $700 Dr
Unearned Service Revenue $700 Cr
2. Unearned Service revenue $35 Dr
Service Revenue $35 Cr
Explanation:
1. When the payment is received in advance, the cash is received so it will be debited as cash is increasing. The service has not been provided so it is a liability of the company and the unearned service revenue will be credited as liability is increasing.
2. The cash received in advance $700 is for the service that is to be provided 20 times.
When the service is provided one time, the revenue for this has been earned so it will be recorded as a decrease to liability and an increase to revenue. So unearned service revenue will be debited and service revenue will be credited.
The revenue from one time service providing is = 700 / 20 = $35
