Answer: C. Less than Market Interest rate
Explanation: When the interest rate on a bonds issued by an organization is lesser than the prevailing interest rate being offered in the market at a certain time on Bank deposits, loans or other interest bearing funds, organization tends to issue discounts on bonds in scenarios like this and as such bonds are being issued or traded at prices lower or below it's face value in other to encourage investors and bridge the interest gap between the bond rate and the market rate.
Answer:
Explanation:
The preparation of the 2021 EPS presentation for the Esposito Import Company is shown below:
Income from continuing operations $7 million
Less: Loss from discontinued operations ($1.4 million)
Net income $5.6 million
Now the earning per share would be
Earning per share = (Net income) ÷ (Number of shares)
= ($5.6 million) ÷ (1 million shares)
= $5.6 per share
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Answer:
1969.6%
Explanation:
The computation of the effective annual rate is given below;
Given that
It is been charged $12 for $200 loan for 7 days
So for 7 days,
the nominal interest rate is is
= 12 ÷ 200 × 100
= 6%
Now
(1+r) = (1+0.06)^{52}
(1+r) = 20.696
r = 19.696
= 1969.6%
A limited partnership is owned by a small pool of investors; if there is only one owner, then it is a sole proprietorship.
