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Alex777 [14]
3 years ago
8

On January 1, Boston Enterprises issues bonds that have a $3,400,000 par value, mature in 20 years, and pay 9% interest semiannu

ally on June 30 and December 31. The bonds are sold at par. 1. How much interest will Boston pay (in cash) to the bondholders every six months
Business
1 answer:
Mrrafil [7]3 years ago
6 0

Answer:

interest expense per coupon payment (every 6 months) = $153,000

Explanation:

In this case, since the bonds were sold at par, the interest expense and the actual cash payments are the same (no premium or discount would be amortized). To calculate the interest payment we just multiply the bonds' face value x annual interest rate x 1/2 (semiannual coupons) = $3,400,000 x 9% x 1/2 = $153,000

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AnnZ [28]

Answer:

.91 pints of irish beer per pint of Australian beer

Explanation:

As we know that

The exchange rate of

1 AUD = 0.5 pound

Now

In Ireland, 1 beer cost = 2.2 pound

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As 1 AUD = 0.5 pound

so 4 AUD is

= 0.5 × 4

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Now the exchange rate is

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= 2 ÷ 2.2

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7 0
3 years ago
Jon described that there are "Three Circles" when it comes to finding a job. Identify and describe each of the "Three Circles" i
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Answer:

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Explanation:

3 0
3 years ago
The fiscal year ends December 31 for Lake Hamilton Development. To provide funding for its Moonlight Bay project, LHD issued 7%
frez [133]

Answer:

Explanation: see attachment below

3 0
3 years ago
If you are leading a meeting, what can you create to make sure you don't forget anything that should be discussed in the meeting
Archy [21]

If you leading a meeting you can create a power point so that you stay on track with your meeting. When you create a power point you are able to make slides with information you want to discuss to refer back to if you forget anything. Most people use bullet points to create their slides for the power point so that they are able to easily read the information on it.

6 0
3 years ago
The Federal Reserve mandates that banks must keep a certain percentage of money on hand at particular times. What is this referr
mars1129 [50]

Answer:

a. Reserve requirement

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3 years ago
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