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mash [69]
3 years ago
12

A firm has an issue of $1,000 par value bonds with a 8 percent stated interest rate outstanding. The issue pays interest annuall

y and has 10 years remaining to its maturity date. If bonds of similar risk are currently earning 8 percent, the firm's bond will sell for __________ today.
Business
1 answer:
dem82 [27]3 years ago
6 0

Answer: $1268.20

Explanation:

value of the bond today = Present value of coupon (interest) payments + present value of principal = 120[PVOAIF8%, 10] + 1000[PVIF8%, 10] =1,268

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B) salvage value = asset's value - total depreciation = $73,000 - $65,700 = $7,300

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putting a halt on the layoffs

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debit Rent Expense, $1,500; credit Prepaid Rent, $1,500.

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2 years ago
A company's direction, objectives, and strategy Group of answer choices are set in stone as the end of the planning process. nev
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are never final, as managing strategy is an on-going, dynamic process.

Explanation:

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$600

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If instead of itemizing, Mary had elected the standard deduction last year, then she wouldn't have to include any state income tax refund on her current gross income. But since she itemized her deductions and actually deducted these $600 from her gross income last year, she must include them in he current gross income.

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