Answer:
The total amount of cash received is $91,350,000
Explanation:
The amount of cash proceeds realized from the bond issuance is the 99% of face value of $90 million plus the coupon interest due from January 2018(date of the bond) to April 1 ,2018(the date of bond issuance),that is three months of coupon interest payment.
The bond proceeds is computed as below:
Discounted bond price 99%*$90,000,000 =$ 89,100,000
Three months of interest 10%*$90,000,000*3/12 =$2,250,000
Total amount received from bond issue $91,350,000
During the cooling off period, underwriters would be allowed to do all of the aforementioned except: b) advertise the issue.
<h3>Who is an
underwriter?</h3>
An underwriter can be defined as an individual or business firm that is saddled with the responsibility of evaluating and assuming another party's financial risk for an agreed amount of money (fee), which is often paid as a spread, commission, interest, or premium.
This ultimately implies that, an underwriter helps a lender (financial institution) in determining the level of risk associated with an issue.
As a general rule, underwriters would be allowed to do all of the following during the cooling off period:
- Take indications of interest.
- Distribute a preliminary prospectus.
In this context, we can reasonably infer and logically deduce that during the cooling off period, underwriters would only be allowed to do all of the aforementioned except distribute sale or advertise the issue.
Read more on underwriters here: brainly.com/question/28026586
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Answer:
$4,800
Explanation:
Data provided in the question:
Cost = $66,000
Accumulated depreciation = $30,000
Book value = Cost - Accumulated depreciation
= $66,000 - $30,000
= $36,000
Now,
Fair value = $48,000 + $12,000
= $60,000
Thus,
Gain = $60,000 - $36,000
= $24,000
Therefore,
Gain to be recognized = $24,000 × [ 12,000 ÷ 60,000 ]
= $4,800
Answer:
d
Explanation:
electronica means electronic. i hope i helped u, have a nice dat
Answer:
A) The price of a donut is $2.00 in 2009.
B) Rina's wage is $14.00 per hour in 2009.
Explanation:
The nominal value of a variable is its monetary amount, in this case, in dollars which is susceptible to currency fluctuations and inflation. Therefore, statements A and B present the nominal value of a variable.
When valuing a variable as an exchange for another good, that is assigning a real value to that variable since monetary changes won't affect the relationship between two goods.
The answers are A) and B)
