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Premium is often paid by people based on some kinds of services offered.
From the picture attached, we can see Royce' premiums for the previous year, which were;
- Bodily injury $22.50
- Property damage $144.75
- Collision $275.75
- Comprehensive $100
If you add all together, the total premium of the policy was $543
Note that the premiums will increase by 5.2%,
therefore, the new total premium will be = $543 x 1.052 = $571.24
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Answer:
Number of bonds to raise = 2250
Explanation:
given data
current financed = 100% equity
common stock outstanding = 100,000 shares
selling = $50 per share
debt = 45%
equity =55%
par value of a bond = $1,000
to find out
How many bonds would Don have to sell at par value
solution
we get here first the value of equity that is express as
value of equity = Number of shares × Price per share .................1
put here value
value of equity = 100,000 × $50
value of equity = $5,000,000
and
financed with bonds = 45 % of value of equity
financed with bonds = 45 % × $5,000,000
financed with bonds = $2,250,000
so
Number of bonds to raise is express as
Number of bonds to raise =
Number of bonds to raise = 2250