Answer:
Price = $3,241,718
Explanation:
To calculate issue price of the bonds we first calculate NPV of the bonds after 12 years and Interest payments of the bonds for 12 years.
NPV can be calculated by : Bond value * NPV factor after 12 years
so, Bond Value after 12 years = $3700 000 * 0.2567 = $949,790
We take the market interest rate for this.
Now we calculate Yearly interest payment = 3700000 * 10% = $370,000
we discount it back using annuity for 12 years so, 370000 * 6.1944 = $2,291,000. This is the total interest payments for 12 years in NPV terms.
To calculate issue price simply add Interest payments and Bond NPV value so,
Price = 2291000 + 949790 = $3,241,718
Hope that helps.
It’s practical qualifications that basically relate to a specific job or career sector.
Convenience sampling is used, because the population is taken from a sample that easy to reach
Answer:
Company's current ratio is 2.4
Explanation:
Current ratio = Current assets / Current liability
Current ratio = 46,880/19,500
Current ratio = 2.404 =2.4
<u>WORKINGS</u>
Current assets:
Account Receivable= 29,500
Office supplies 4,800 (Assuming they are stocks of supplies)
Prepaid insurance 4,680
Cash 7,900
Total current assets=46,880
Current liabilities
Account Payable 13,500
Unearned services revenue 6,000
Total current liability= 19,500
Answer:
Active traders often group themselves into two camps: the day traders and the swing traders. Both seek to profit from short-term stock movements (versus long-term investments), but which trading strategy is the better one? Here are the pros and cons of day trading versus swing trading.