The current market price of the bond is 103% of their par value
What percentage is the bond price compared to its par value?
The market bond convention is to quote the price at which the bond can be bought or sold in the market as a percentage of its par value.
The simple approach is to add a percentage sign to any bond price you are given, which means that 97 price means the bond price is 97% of par value.
In the same vein, 103 price means the quoted price of the bond is 103% of the par value of the bond/
Find a futher guide on bond pricing below:
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Answer:
B) not likely to have jurisdiction over the case because QuickAds is based in Georgia.
Explanation:
US laws do not recognize the legal existence of foreign or out of state companies, a company only exists in the state at which it was chartered. Although the internet has complicated things, since boundaries have faded, but some conditions must be met before a state court can serve a foreign company.
For a foreign company to be served by a state court, it must carry on “continuous and systematic” affiliations with residents of the state which makes them “essentially at home”. The company's operations must be substantial enough to make the company at home, i.e. it must carry a significant amount of business within the states boundaries.
Apparently this is not the case with QuickAds, so Alabama state courts will not have jurisdiction over it.
Answer:
1. Stockholders invested $24,500 cash in the business in exchange for common stock.
Dr Cash 24,500
Cr Common stock 24,500
2. Purchased equipment for $4,500 cash.
Dr Equipment 4,500
Cr Cash 4,500
3. Paid $200 cash for May office rent.
Dr Rent expense 200
Cr Cash 200
4. Paid $600 cash for supplies.
Dr Supplies 600
Cr Cash 600
5. Incurred $350 of advertising costs in the Beacon News on account.
Dr Advertising expense 350
Cr Accounts payable 350
6. Received $4,900 in cash from customers for repair service.
Dr Cash 4,900
Cr Service revenue 4,900
7. Declared and paid a $1,000 cash dividend.
Dr Dividends 1,000
Cr Cash 1,000
Answer:
The percentage by which wage changes from 2000 to 2010 is 2.26 %.
Explanation:
This problem requires us to calculate the wage change from 2000 to 2010 in percent. The wage rate in 2000 and 2010 is given that is 24 dollars (20+4) and 30 (21 + 9). To calculate the rate of change we will use following formula.
Growth Rate = (Present/ past)^ (1/n") -1
" n is period range
(Putting values)
= (30/24)^ (1/10) -1
= 2.26 %
