1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Cerrena [4.2K]
3 years ago
10

On January 1, a company issues 8%. 5 year, $300,000 bonds that pay interest semiannually. On the issue date, the annual market r

ate of interest is 6%. The following information is taken from present value tables:
Present value of an annuity for 10 periods at 3% 8.5302
Present value of an annuity for 10 periods at 4% 8.1109
Present value of 1 due in 10 periods at 3% 0.7441
Present value of 1 due in 10 periods at 4% 0.6756


What is the issue (selling) price of the bond?

a.$420,000

b.$402,362

c.$300,010

d.$308,107

e.$325,592

Business
1 answer:
gladu [14]3 years ago
7 0

Answer:

Detailed solution is given below:

You might be interested in
Which of the following sentences express correct number style?
Gre4nikov [31]

Answer: a. The professional software package included Web 2.0 applications, but it cost more than $1,200.

Explanation:

A simple rule for writing a correct number style is that when writing numbers between 1 - 9 ( single digits numbers), you should spell them out. When writing anything larger however or if writing multiple numbers, you should write them as numerals.

This convention can be typically broken every now and then in certain cases. One of those cases is that, if you have a situation where you have 2 numbers in a sentence, you have to use one style for it and if the 2 numbers consist of 1 small number and 1 large number you would preferably have to use numerals.

For this reason Option A which has two numbers written as numerals is correct.

It is worthy of note however, that different styles exist as do Citation Styles and this answer is based on the most rudimentary of said styles.

4 0
3 years ago
All 50 states have licensing laws that regulate persons and companies that engage in the brokerage business. Interpreting and en
BartSMP [9]

Answer:

B. Texas real estate commission

Explanation:

The Texas real estate commission is a government agency based in Texas. They are responsible for overseeing the licensing of real estate brokers and agents. They are responsible for governing the practices of real estate in Texas. They regulate organizations and individuals that in brokerage businesses. They interprete and enforce the licensing laws of real estate in Texas. They safeguard consumers/costumers in matters of real estate transactions.

3 0
3 years ago
Read 2 more answers
he next dividend payment by Savitz, Inc., will be $2.34 per share. The dividends are anticipated to maintain a growth rate of 4.
Elan Coil [88]

Answer:

The Required Return is 10.82%.

Explanation:

The Dividends Model for the Constant Growth is given below:

                                          P0 = D1 / (Ke - g)

Arranging the above equation for "Ke", that is the Required Return:

                                      ⇒ Ke = (D1 / P0) + g

Putting Values and we get:

Required Return = Ke = (2.34 / 37) + .045 = .1082 = 10.82%.

Thanks!

8 0
3 years ago
____ competitors are those that compete in the same product class, but their products have different features, benefits, and pri
Lina20 [59]
<span>b. brand.......................</span>
4 0
3 years ago
A company declared and paid a cash dividend. The dividend would appear on the company's statement of cash flows as: Select one:
Kisachek [45]

Answer:

d. a deduction under financing activities.

Explanation:

As if the company declared and paid the cash dividend so the same is to be considered in the financing activities of the cash flow statement.

This amount should be shown in the negative amount as it decreases the cash that means it is an outflow of cash

Hence, the correct option is d. and the same is to be considered

3 0
3 years ago
Other questions:
  • The bid-ask spread exists because of _______________. A. market inefficiencies B. discontinuities in the markets C. the need for
    13·1 answer
  • 20 points
    15·1 answer
  • I. Two countries produce the same goods for the same opportinity cost
    5·2 answers
  • Fox Corp. failed to accrue warranty costs of $150,000 in its December 31, 20x2, financial statements. In addition, a $130,000 ch
    10·1 answer
  • Which of the following financial statements must special-purpose governments include in their financial statements if the specia
    5·1 answer
  • Gross billings for merchandise sold by Pharoah Company to its customers last year amounted to $12720000; sales returns and allow
    8·1 answer
  • Calculate the price elasticity of supply for Bobbie's Bakery's sourdough loaf. When the price changes by 23 % 23% , the quantity
    7·1 answer
  • There are three sequential operations (Station 1, Satiation 2, and Station 3) in a process. Incoming applications go to station
    6·1 answer
  • Need help making a prediction about where technology is going in the future!
    6·1 answer
  • True or false? if prospects can get the answers to their questions and see themselves as characters in your story, they’ll be mo
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!