Ask question

Ask question

All categories

3 years ago

7

A company issued bonds 8 years ago with original maturity of 25 years, 7.5% coupon rate with semiannual coupon payments, and a p

ar value of $1,000. The current market interest rate is 11.75%. What is the bond's price?
a. $718.52

b. $690.22

c. $780.75

d. $890.46

e. $814.97

1 answer:

Elden [556K]3 years ago

7 0

The answer of the question is c.$780.75

You might be interested in

Maurice is buying a property from Robert. At the initial property viewing, Robert tells Maurice that the property is 4.1 acres.

andreev551 [17]

Answer:

The contract is voidable.

Explanation:

The survey discovered a misrepresentation in the consideration (the size of the land), so that means that Maurice can choose to void it or not. A voidable contract is a contract that can be voided. In this case, the injured party is only Maurice, so only he can void it, or choose not to. They might negotiate a discount or something, it is up to him.

8 0

3 years ago

Who usually requires less educational background for trainers than educational institutions require for instructors?

Karo-lina-s [1.5K]

According to the book Discovering Computers 2010: Living in a Digital World, Complete by Gary Shelly and Misty Vermaat, the ones who are in need of less educational background for trainers than educational institutions require for instructors are the corporations. <span>This is because most jobs in corporations are fixed and are part of a regular procedure which are less stringent. Meanwhile for instructors, they deal with different people and different students who may have no experience of the subject. Thus, there is a need to adjust. These adjustments are contextualized which need relevance to the subject at hand. This task itself is a strenuous one and would need a proper training and background.</span>

6 0

3 years ago

The City of Troy collects its annual property taxes late in its fiscal year. Consequently, each year it must finance part of its

matrenka [14]

PAnswer:

A. $1,460,000

B. Dr Cash $1,460,000

Cr Tax anticipation note Payable $1,460,000

C.General fund

Dr Tax anticipation note Payable $1,460,000

Dr Expenditure $43,800

Cr Cash $1,503,800

Government activities

Dr Tax anticipation note Payable $1,460,000

Dr General government interest expense $43,800

Cr Cash $1,503,800

Explanation:

a. Calculation for the estimated amount of tax anticipation financing that will be required for the remainder of FY 2017.

Estimated amount of Tax Anticipation Financing

Budgeted expenditures, remainder of year 2,500,000

Add Current liabilities payable 830,000

Less Estimated Resources Available:

Cash on hand, beginning of year (770,000)

Collections of budgeted revenues and delinquent property taxes (1,100,000)

Estimated Amount of Required Tax Anticipation Note Financing $1,460,000

b. Preparation of the Journal entry to Record the issuance of the tax anticipation notes

Dr Cash $1,460,000

Cr Tax anticipation note Payable $1,460,000

c. Preparation of journal entry to Record the repayment of the tax anticipation notes and interest

General fund

Dr Tax anticipation note Payable $1,460,000

Dr Expenditure $43,800

($1,460,000*6%*6/12)

Cr Cash $1,503,800

($1,460,000+$43,800)

Government activities

Dr Tax anticipation note Payable $1,460,000

Dr General government interest expense $43,800

($1,460,000*6%*6/12)

Cr Cash $1,503,800

($1,460,000+$43,800)

6 0

3 years ago

A team's attempt to list, on individual sticky notes, all of the possible threats and opportunities that could occur to an upcom

lukranit [14]

Answer:

The correct answer is letter "A": plan risk responses.

Explanation:

Plan risk responses refer to the process in which a team is facing a problematic situation and to reduce threats reacts immediately identifying the opportunities available they have that could lead to a solution. To achieve that, risk management and register will be necessary.

6 0

4 years ago

A farmer grows wheat and sells it to a miller for $1; the miller turns the wheat into flour and sells it to a baker for $3; the

Serga [27]

<u>Given:</u>

Farmer's price = $1

Miller's price = $3

Baker's price = $6

<u>To find:</u>

The value added by the miller

<u>Solution:</u>

From the given, we can interpret that after purchasing from the farmer, the miller turns the wheat into flour by grinding and he sells the wheat flour to the baker.

This means that the miller added the cost of grinding with the purchasing cost. We can calculate the cost added by miller by subtracting the farmer's price from the miller's price that is $\$3-\$1=\$2$

Therefore, the value added by the miller is $2.

4 0

3 years ago