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Roman55 [17]
3 years ago
10

Grossnickle Corporation issued 20-year, noncallable, 7.5% annualcouponbonds at their par value of $1,000 one year ago. Today, th

e market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 19 years to maturity?
Business
1 answer:
kicyunya [14]3 years ago
4 0

Answer:

current price of the bond is $1,232.15  

Explanation:

given data

time N = 20 year

annual coupon bonds = 7.5%

future value = $1,000

interest rate = 5.5%

NPER = 19 year

solution

we will use here Present value formula to get current price of the bond.

so here PMT will be

PMT = future value × rate

PMT = 1000 × 7.5 %

PMT =  $75

so we use here formula in excel that is

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

put here value and we get

after solving we get current price of the bond is $1,232.15  

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FIFO  inventory costing method generally results in the most recent costs being assigned to ending inventory.

Inventory costing also referred to as stock cost accounting is when groups assign expenses to merchandise. these fees additionally consist of incidental costs consisting of the garage, management, and market fluctuation.

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The inventory cost method consists of starting stock cost, ending inventory cost, and purchase expenses over a fixed time period. more succinctly, it seems like: stock cost = [beginning inventory + inventory purchases] - finishing stock.

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1 year ago
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Answer:

$231,200

Explanation:

The computation of the total budgeted manufacturing cost is shown below:

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= $12,300 + $218,900

= $231,200

We simply added the Fixed Manufacturing Costs and variable manufacturing cost so that the exact value might arrive.

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3 years ago
Newmark & Co. Real Estate, Inc., (the broker) contacted 2615 East 17 Street Realty, LLC, (the landlord) to lease certain rea
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Outlining reasons why the customer's concern is not right is it effective
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Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for Januar
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