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coldgirl [10]
3 years ago
13

Union Local School District has bonds outstanding with a coupon rate of 4.3 percent paid semiannually and 18 years to maturity.

The yield to maturity on these bonds is 3.4 percent and the bonds have a par value of $10,000. What is the dollar price of each bond?

Business
1 answer:
9966 [12]3 years ago
4 0

Answer:

$11,204.25

Explanation:

For computing the dollar price of each bond we need to applied the present value formula which is to be shown in the attachment below:

Provided that

Future value = $10,000

Rate of interest = 3.4% ÷ 2 = 1.7%

NPER = 18 years  × 2 = 36 years

PMT = $10,000 × 4.3% ÷ 2  = $215

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

After applying the above formula, the dollar price of the bond is $11,204.25

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Diane Fisher of ABC Research determined that her lent's problem was lack of knowledge about customer preferences for features on
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Answer:

D

Explanation:

In the above scenario, Diane's decision to gather preference information for the product features is an example of her Determining Research Objectives. Thus option D is the right option.

Cheers

6 0
3 years ago
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In 2020, Lindon Corp. reported a discontinued operations loss of $1,300,000, net of tax. It declared and paid preferred stock di
8_murik_8 [283]

Answer:

The earnings per share would drop by -$2.17 per share

Explanation:

Firstly the EPS =LOSS/TOTAL SHAREHOLDING

In this ,=-$1300000/600000shares

In other words the EPS for the previous year when compared to the current would see a drop in value per unit of share of $2.17

6 0
3 years ago
The company that Don owns, the Ardmore General Store, is a family-owned company that has been in business for more than 100 year
nadya68 [22]

Answer:

The answer is A. corporate social responsibility

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Corporate Social Responsibility is a commitment by a business to behave ethically and contribute to economic development while improving the quality of life of its workforce and society as a whole.

5 0
3 years ago
which type of economy are individuals least likely to determine which products they consume, and why?
Ket [755]
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3 0
3 years ago
Boots Plus has two product lines: Hiking boots and Fashion boots. Income statement data for the most recent year follow: If $25,
GaryK [48]

Answer:

The missing part of the question is found below:

Boots Plus has two product lines: Hiking boots and Fashion boots. Income statement data for the most recent year follow:

                                Total       Hiking        Fashion

Sales revenue       $480,000 $340,000 $140,000

Variable expenses 355,000 235,000 120,000

Contribution margin 125,000 105,000 20,000

Fixed expenses         76,000 38,000 38,000

Operating income (loss) $49,000 $67,000 $(18,000)

Answer

By discontinuing fashion line of business operating income would increase by $5,000

Explanation:

The impact of eliminating Fashion line is evident in the revised Income statement below:

                                                                 Hiking

Sales revenue                                         $340,000

Variable expenses                                  ($235,000)

Contribution margin                                105,000

Fixed expenses($76,000-$25,000)     ($51,000)

Operating income                                    $54,000

By discontinuing the fashion line of business,the operating income would increase by $5,000 ($54,000-$49,000) from $49,000 when operating the two lines of business to $54,000 when fashion is closed up.

The most appropriate action is to concentrate on the hiking line which might mean that Boots plus has a competitive edge in the Hiking business sector.

4 0
2 years ago
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