The entry for this transaction would be this:
Land 1,827,000
Ordinary shares 1,827,000
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<span>The market value of the shares on </span>this transaction<span> does not affect the recording of this transaction. If the share has no par value, the stated value should be used. Stated value is a value assigned by the company to its stock for the purpose of accounting and it does not have any relation with the market value of the shares. Since stated value is not given in this problem, we should record the entire amount of the land exchanged in this transaction to the "Ordinary shares" account.</span>
Answer:
6.35%
Explanation:
you can use the yield to maturity formula to determine the coupon:
YTM = {coupon + [(face value - market value) / n]} / [(face value + market value) / 2]
0.065 = {coupon + [(1,000 - 984.56) / 15]} / [(1,000 + 984.56) / 2]
0.065 = {coupon + 1.029} / 992.28
64.4982 = coupon + 1.029
coupon = 63.47
coupon rate = 63.47 / 1,000 = 0.06347 = 6.35%
<span>An increase in price could potentially result in a loss in sales due to the client base not believing that the price increase was justified.</span>
The standard repayment plan is the basic plan for repaying student loans. You're automatically placed in this plan when you start repayment, unless you select a different option.
