Based on the coupon rate, the call price and the selling price, the yield to call is 11.06%.
<h3>How is the yield to call found?</h3>
The formula to find it is:
= (Coupon + (Call price - Current price) / Number of periods ) / ( (Call price + Current price) / 2 ) x 2
Solving gives:
=( (12%/2 x 1,000) + (1,120 - 1,110) / 6 semi annual periods ) ) / ( (1,120 + 1,110) / 2) x 2
= (61.667 / 1,115) x 2
= 11.06%
Find out more on the yield to call at brainly.com/question/14801120.
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The money supply is controlled by the Government. Its spending or changing taxes.
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Answer:
In the current period,
b. Cost of goods sold
Explanation:
With the current period's beginning inventory (or previous period's ending inventory) understated by $17,000 and the overstatement of the current period's ending inventory by $27,000, it implies that the Cost of goods sold is understated by $10,000. Once this cost is understated, the net income will be overstated, as well as the owner's equity (via the retained earnings).
Answer:
$7,500
Explanation:
Taxable income:
= Income from operations + Dividends received - Expenses from operations
= $200,000 + $15,000 - 140,000
= $75,000
Deductions is allowed only to the maximum extent of 10% of the taxable income of the corporation.
Therefore,
Kingbird's charitable contribution deduction:
= 10% of Taxable income
= 0.1 × $75,000
= $7,500
