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fomenos
2 years ago
9

Atom Endeavour Co. issued $39 million face amount of 8.1% bonds when market interest rates were 8.03% for bonds of similar risk

and other characteristics. Required: a. How much interest will be paid annually on these bonds
Business
1 answer:
svetlana [45]2 years ago
8 0

Answer: $3,159,000

Explanation:

Based on the information provided, the amount of interest that will be paid annually on these bonds will be calculated as follows:

Interest = Coupon rate × Face value

where,

Coupon rate = 8.1%

Face value = $39 million

Interest = Coupon rate × Face value

= 8.1% × $39 million

= 0.081 × $39 million

= $3,159,000

Therefore, the interest amount is $3,159,000.

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7 0
3 years ago
A sixminusmonthnote receivable for $ 9 comma 000at 14​%,dated October​ 1, 2020, has accrued interest revenue of​ ________ as of
blsea [12.9K]

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Explanation:

The following information can be gotten from the question:

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7 0
3 years ago
If you can borrow funds from a finance company at 12 percent compounded weekly​, the EAR for the loan is nothing​%. ​ (Round to
arlik [135]

Answer:

If compounded weekly =

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N= 52

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N= 2

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Explanation:

4 0
2 years ago
Laws represent the standards of ________ behavior.
Leona [35]

Answer:

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Law -

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3 years ago
(a)   A family consist of a baby, a child attending nursery school and working parents, decide to prepare a budget for 3 months
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bhosdi ke kute gal chode

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2 years ago
Read 2 more answers
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