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FIN issues a $1000 par value bond that pays 7 precent annula interest and will mature in 14 years. The current market price for

Serjik [45]

Answer:

7.05 %

Explanation:

After tax cost of debt = interest x ( 1 - tax rate)

so, the initial step is to determine the interest rate :

The Bond Yield (i/yr) presents the market rate and this is what we want for our interest rate.

thus,

PV = - [$950 - ($950 x14%)] = - $817<em>(remove floatation cost from market price)</em>

FV = $1000

PMT = $1000 x 7 % = $70.00

P/YR = 1

N = 14

i/yr = ??

Using a financial calculator to input the values as above, the Bond Yield (i/yr) will be 9.40 %

therefore,

After tax cost of debt = 9.40 % x (1 - 0.25)

= 7.05 %

5 0

3 years ago

Creating a favorable impression and building trust with prospective customers is a critical part of the __________ step of perso

AnnyKZ [126]

Answer:

Approach

Explanation:

Personal selling in the domain of finance involves the process in which customer are able to convinced about a products to buy them, it is usually utilized by sales person and it involves many steps . It should be noted that Creating a favorable impression and building trust with prospective customers is a critical part of the approach step of personal selling.

3 0

4 years ago

True or False

Ilya [14]

False lolllll I have to write more

6 0

3 years ago

The most recent data from the annual balance sheets of N&B Equipment Company and Jing Foodstuffs Corporation are as follows:

lilavasa [31]

Answer: N&B Equipment Company:

Current ratio = 1.33

Quick ratio = 0.746

Jing Foodstuffs Corporation:

Current ratio = 1.65

Quick ratio = 0.928

Explanation:

For N&B Equipment Company:

$Current\ Ratio=\frac{Current\ Assets}{Current\ liabilities}$

$Current\ Ratio=\frac{900}{675}$

= 1.33

$Quick ratio=\frac{Current\ Assets - Inventory}{Current\ Liabilities}$

$Quick ratio=\frac{900 - 396}{675}$

= 0.746

For Jing Foodstuffs Corporation:

$Current\ Ratio=\frac{Current\ Assets}{Current\ liabilities}$

$Current\ Ratio=\frac{1,400}{844}$

= 1.65

$Quick ratio=\frac{Current\ Assets - Inventory}{Current\ Liabilities}$

$Quick ratio=\frac{1,400 - 616}{844}$

= 0.928

8 0

3 years ago

Ben really enjoys outdoor activities. When he isn't working, he's biking, hiking, sailing, or training to run marathons. Which o

Amanda [17]

Answer:

a) high-paying

Explanation:

As ben is an outdoor person and likes to have most of the time sent out, has the hiking and sailing or training and running marathons he could be least be focused on the jobs that are high or good-paying.

As ben enjoys his life and lives for the moment and thus thinks of location, flexible work schedules and other benefits. But does not rely on the high paying careers.

4 0

3 years ago