Goods are typically tangible while ____ are typically intangible

Fooling Company has a callable bond outstanding with a coupon of 12.2 percent, 25 years to maturity, call protection for the nex

sashaice [31]

Answer:<em>9.5354% or 9.6%</em>

Explanation:

<em>PMT = coupon (interest) payment = 12.2 % * $1,000 = $120</em>

<em>Let t = time left until bond is called = 10 years </em>

<em>Let F be the face value = $ 1,100 ($ 1,000 + $ 100 (Call premium))</em>

<em>Let the Current bond price = 110 % x 1,000 = $1,100</em>

<em>The bond price is = PMT x 1-( 1 + r )⁻t / r + F/(1 + r )t</em>

<em>Therefore,</em>

<em>Using the trial and error method,</em>

<em>Then the yield to call (YTC) = 9.5354</em>

9.5354%

5 0

3 years ago

Harry owns long-term investments in a public company. These investments pay him every year, by law, and expire ten years after t

Amanda [17]

Answer:

Convertible Bonds

Explanation:

Convertible Bonds are debt securities which yield annual coupon rate of return, are redeemable after a period and during their life provide an option to the holder of such securities to get these converted into common stock based upon the conversion ratio.

Conversion ratio refers to the number of common stock that would be issued in return for a bond.

In the given case, Harry holds a security which provides him fixed return by law i.e obligatory for the borrower to pay him interest every year, expire after 10 years i.e period to maturity in addition to allowing him a conversion ratio of 50 i.e 50 common stocks for every bond held.

Thus, Harry owns a 10 year convertible bond.

5 0

3 years ago

Can a radiologist dictate a report and send it to an outside transcription agency for transcribing?

Delicious77 [7]

Radiologists have been dictating their patient reports over the years and transcriptionists used to figure out what they are saying. As the healthcare system progresses, technology like EHRs and speech recognition are turning difficulties during the transcription phase into serious challenges. As still many radiologists are dictating and self-editing their reports, there is still significant transcription activity.

6 0

3 years ago

On January 1, Skysong, Inc. had 90,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $5

timama [110]

Answer:

No. of shares outstanding = A

Par Value (at $5) = B

Additional Paid in capital in excess of Par = C

Dividend = D

A B(A*$5) C D

Jan 1 balance 90,500 $452,500 $0

shares

Add: Issued Apr 1 21,000 $105,000 $294000

shares

June 30 Balance 111,500 $557,500 $294,000 $111,500

shares [111,500 shares x $1]

Add: Dec 1 Issued 2,500 shares $12,500 $32,500

Dec 31 Balance 114,000 $570,000 $326,500 $490,200

[114,000 shares x $4.3]

Journal Entries based on above

Date Accounts Titles Debit Credit

15-Jun Dividends $111,500

Dividends payable $111,500

10-Jun Cash $111,500

Dividends $111,500

15-Dec Dividends $490,200

Dividends payable $490,200

6 0

3 years ago

Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $8.00 each and sells 350 ballo

ratelena [41]

<h3>Answer</h3>

The market share of Levon is 28%

<h3>Explanation</h3>

Total revenue of Levon is calculated:

$8 * 350 balloons = $2,800 per month

Total Revenue of the market:

$5 * 2000 balloons = $10,000 per month

Dividing Total Revenue of Levon with Total Revenue of the market

$2,800 / $ 10,000 = 0.28

Convert into percentage by multiplying with 100

0.28 * 100 = 28%

<h3>Conclusion</h3>

The market share of Levon is 28%

Learn more about Business at brainly.com/question/26556204

4 0

2 years ago