Answer:
a. $880.74
b. 13 years
Explanation:
a. Conversion ratio = Current Value of bond / Conversion price = 1,000 / 93.4 = 10.71
Conversion price of bond = 10.71 × 28.60 = $306.31
Coupon = Par value of bond * Coupon rate = $1,000 * 6.4% = $64
Present value of straight debt is calculated below:
Present Value = $64 × [1-(1+7.4%)^-30 / 7.4%] + [$1,000 / (1+7.4%)^30]
= $64*11.93 + $117.46
= $763.28 + $117.46
= $880.74
.
Therefore, the minimum value of bond is $880.74
b. Conversion ratio = 10.71
Current stock price = $28.6
Suppose number of year the stock will take to reach above $1,140 is t.
Conversion value = Current stock price * Conversion ratio*(1+10.8%)^t
$1,140 = $28.6 * 10.71 * (1.108)^t
(1.108)^t = 3.7218
t = 12.8145 year.
t = 13 years
Answer:
1. To match your bank register with your bank statement; 2. the Deposit to account is Undeposited Funds
Each firm in the monopolistic competitive industry produces a slightly differentiated product.
The monopolistic competition occurs where competitive firms produces or manufactures products or services that are similar and close substitutes to one another.
The characteristics of the monopolistically competitive market includes:
- presence of many sellers in the market
- easy entrance and exit of consumers in the market
- differentiated products in the market.
Therefore, the Option D is correct because each firm in the monopolistic competitive industry produces a slightly differentiated product.
Read more about monopolistic competition:
<em>brainly.com/question/25717627</em>
Arnold is functioning in a <u>managerial</u> position at Galbrook Manufacturing.
<u>Explanation:</u>
A non-managerial executive job is to look at the everyday tasks of the workers. Management jobs are those professions where the job responsibilities are to accomplish things through other people's work, instead of doing the primary oneself.
An Effective Manager is the one who is committed to working efficiently together with the staff, out of respect for the organization's good will and target achieving strategy. This post always show some real respect and kindness for the employees under post.
An estimated amount of money or payment required to pay by the purchaser to the owner or manufacturer is called cost. It is a defined amount of price set by the seller for its product.
$ 72 is the cost for the notebooks.
<h3>How to determine the cost?</h3>
Given,
- Cost of x notebooks = 3x
- Number of notebooks (x) = 24
Cost of 24 notebooks = 3 (24)
Cost = 72
Therefore, option d. $72 is the cost of the notebook.
Learn more about cost price here:
brainly.com/question/962043
