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PSYCHO15rus [73]
3 years ago
6

A company issues 9%, 5-year bonds with a par value of $140,000 on January 1 at a price of $145,678, when the market rate of inte

rest was 8%. The bonds pay interest semiannually. The amount of each semiannual interest payment is:
Business
1 answer:
deff fn [24]3 years ago
4 0

Answer:

Semi annual interest payment = $6300

Explanation:

The interest payment of bond is calculated based on the coupon rate of the bond. The coupon rate is the interest rate carried by the bond. This rate can be different from the market interest rate and bond's yield to maturity. The interest payment is calculated by multiplying the coupon rate by the face value of the bond.

Annual interest payment = Coupon rate * Par value

For a semi annual bond, we calculate the interest payment in the same way as the annual bond. However, we just have to adjust the coupon rate for the semi annual period. We multiply the coupon rate by 6/12 as it is a semi annual payment.

Semi annual interest payment = Coupon rate * 6/12 *  Par Value

Semi annual interest payment = 0.09 * 6/12 * 140000

Semi annual interest payment = $6300

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Answer:

Problem statement

Explanation:

Problem statement - it is referred to as the statement that given the clear and crystal information about the current situations. it is considered a good source of analyzing the real situations about the ongoing project.

This statement describes the current situations between the current and desired aim of the projects. it expressed the problem in two or three statements.

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3 years ago
Robinson Manufacturing found the following information in its accounting​ records: $ 519 comma 800 of direct materials​ used, $
Damm [24]

Answer:

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Explanation:

To calculate the cost of manufactured goods we need to use the following formula:

Cost of good manufactured= Beginning work in progress+ direct materials of the period + direct labor + manufactured overhead - ending work in progress

Beginning work in progress= 72400

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3 years ago
Ira believes that Damien soap moisturizes effectively. When she sees Damien shampoo at the store, she purchases it as she assume
tino4ka555 [31]

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3 years ago
Use the information in the chart to calculate the real exchange rate between the U.S. dollar and the Indian rupee. Round to the
JulsSmile [24]

Answer: 52.51 rupees/dollar

Explanation:

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The formula for calculating it is;

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