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solong [7]
2 years ago
14

Lion Corp. has a $10,000 par value bond outstanding with a coupon rate of 4.8 percent paid semiannually and 22 years to maturity

. The yield to maturity on this bond is 4.2 percent. What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Business
1 answer:
cupoosta [38]2 years ago
7 0

Answer:

$10,856.08

Explanation:

For computing the dollar price of the bond we have to applied the present value formula which is to be shown in the attachment below:

Given that,  

Future value = $10,000

Rate of interest = 4.2% ÷ 2 = 2.4%

NPER = 22 years  × 2 = 44 years

PMT = $10,000 × 4.8% ÷ 2  = $240

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

After applying the above formula, the dollar price of the bond is $10,856.08

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Your employer emailed a question and to all employees to gather data on employee satisfaction what type of research is your comp
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Primary

Explanation:

8 0
3 years ago
Edwards Company manufactures low-cost wooden chairs and uses activity-based costing. The following information is for the month
Airida [17]

Answer:

$37.80

Explanation:

Particulars                                           Amount       Calculations

Direct materials                                    $7.00

Handling                                               $2.80          ($3,500/5,000*4 parts)

Assembling                                           $9.60          ($12,000/5,000*4 parts)

Packaging                                             <u>$18.40 </u>        ($5,750/1,250*4 parts)

Total manufacturing cost per chair   <u>$37.80</u>

3 0
3 years ago
"IFRS uses a fair value test to measure impairment loss. However, IFRS does not use the first-stage recoverability test under GA
stiv31 [10]

Answer:

As a result, the IFRS test is more strict than U.S. GAAP.

3 0
3 years ago
select 3 goals or objectives that a leadership plan might include to achieve a solid business strategy.
Nezavi [6.7K]

In order to achieve solid business strategy in the leadership plan, the three goals the leadership plan includes are attracting new customers, increasing revenue, and decreasing cost price.

The three main goals in order to achieve solid business strategy in the leadership plan are targeting and attracting new customers, decreasing the cost price of goods or services being offered, and increasing the revenue.

The detail of these goals is given below:

  1. Attracting new customers is considered an important leadership goal as it increases market share and promotes competition with other brands. New customers are important in terms of sales. It is needed for a business to grow.
  2. Increasing revenue It is considered an important leadership goal because the basic purpose of every business is to earn profit. More growth means more profit. If an organization will be able to increase its revenue it will be able to maximize its profit.
  3. Decreasing cost price It is considered an important leadership objective because if the sale remains same then the company will earn more profit. The cost is linked directly with profitability. More profit means more growth of the company.

Therefore attracting new customers, increasing sales of product and services offered and decreasing cost are considered three goals that a leadership plan must include to achieve business strategy.

You can learn more about business strategy at

brainly.com/question/8192142

#SPJ4

3 0
1 year ago
Heavy​ Products, Inc. developed standard costs for direct material and direct labor. In​ 2017, AII estimated the following stand
Nitella [24]

Answer:

Direct labor efficiency variance= 0

Explanation:

Giving the following information:

Direct labor 0.2 hours $ 35 per hour. During​ June, Heavy Products produced and sold 16,000 containers using 3,200 direct manufacturing labor-hours at an average wage of $ 51.00 per hour.

Direct labor efficiency variance= (Standard Quantity - Aactual Q)*standard rate

Direct labor efficiency variance= (0.2*16,000 - 3,200)*35= 0

5 0
3 years ago
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