An investor holds a 4% corporate bond with a yield to maturity of 2.75%.
a) $27.50 will be received in interest on each of the scheduled interest payment dates.
A corporate bond is a type of bond issued by a company and sold to investors. The company receives the required capital and in return the investors receive a predetermined number of interest payments at fixed or variable interest rates.
Corporate bonds are bonds issued by companies to raise funds for a variety of reasons, including B. For ongoing business, M&A, or business expansion. This term is usually used for long-term debt instruments with a maturity of one year or more.
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Answer: $263,000
Explanation:
Based on the information given, the finished goods inventory on September 30 will be calculated as:
= Begining inventory + Transfers in - Transfers out.
= $203000 + $1,770,000 - $1,710,000
= $263,000
Therefore, finished goods inventory on September 30 was $263,000