Answer:
$1,220.55
Explanation:
We use the Present value formula to find out the current price of the bonds. The calculation is presented on the excel spreadsheet
Given that,
Future value = $1,000
Rate of interest = 5.5%
NPER = 19 years
PMT = $1,000 × 7.4% = $74
The formula is shown below:
= -PV(Rate,NPER,PMT,FV,type)
So, after solving this, the current price of the bond is $1,220.55
The answer is fixed cost(b)
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Cause it was rotten sorry if i aint right
Answer:
1) $30
2) 2,014,000 shares
Explanation:
1). A 4 for 1 stock split means that for every one stock outstanding, there would be two stocks outstanding port the split. However, the value of the firm is not increased here. So, the value of firm won't change
Value of firm pre-split = Value of firm post-split
Therefore,
Number of shares pre-split * Share Price pre-split = Number of shares post-split * Share Price post-split
1 * $90 = 3 * Share price post-split
Solve for share price post slip:
Share price post-split = $90/3 = $30
2) Number of shares post stock dividend = Number of shares pre stock dividend * (1 + Dividend %)
Number of shares post stock dividend = 1,900,000 * (1 + 6%) = 2,014,000 shares