I don’t get what your saying
But could u give more explanation
Answer:
Sale of the Bond Price = $95,514
Explanation:
<u>Data:</u>
Coupon Rate = 8%
Face Value (F) = $100,000
Coupon (C) = 100,000 * 8% = $8,000
Market Rate (r) = 9%
No. of periods (n) = 6
Price = ?
<u>Formula:</u>
Bond Price = C * <u>1 - (1+r)^-n</u> + <u> F </u>
r (1+r)^n
<u>Solution:</u>
Bond Price = 8,000 * <u>1 - (1 + 0.09)^-6</u> + <u>100,000</u>
0.09 (1+0.09)^6
Bond Price = $95,514
The answer is True.
Explanation:
I took the dang test.
Answer:
Revenues Dr $364,400
Income summary Cr $364,400
(Closing revenue accounts)
Income summary Dr $325,500
Expenses Cr $325,500
(Closing expense accounts)
Income summary Dr $38900
Retained earnings Cr $38900
(Transferring balance in income summary to retained earnings)
Dividends Dr $18,750
Retained earnings Cr $18,750
(Closing of dividends)